Start Now. Time can be an investor’s best friend. By investing $500 a month at age 40, and assuming 8% growth, one could have $465,000 by age 65. By waiting until age 45, that amount decreases to $300,000. That’s a 38% penalty for waiting five years.
Buy or Rent Is it always smarter to buy a house rather than remaining as a renter? Home ownership has long been “the American Dream”. With current mortgage interest rates at the lowest we’ve seen in a generation a lot of young people see this as an opportunity to participate in that dream but is it the smartest way to go? You’ve heard people say that renting is like throwing your money away. They say if you buy you will at least be putting some of the money that was going into rent towards building up equity as you pay down a mortgage....Read More