Is Flipping Houses Investing or Speculating?

June 8, 2007

A few days ago I wrote an article entitled, Real Estate or Stocks: Which is the better investment? In response, Enough Wealth wrote a comment worth reading. Of interest here, Enough Wealth wrote:
The problems experienced with both stock or property investments are more often due to the investor rather than the asset [...]

Motivation and Money Tip # 5: Track Progress

June 7, 2007

Photo Credit: chefranden
Not everything that can be measured is important, and not everything that is important can be measured. In the case of financial goals, however, tracking progress is an important habit to develop for at least two reasons:
Mid-course corrections: Tracking progress allows us to see if we’re moving in the right [...]

Raising Quicken Kids

June 7, 2007

I’m always looking for ways to raise my kids’ appreciation for money. Recently, we started something that has had positive results–we set up checking and savings accounts for our kids in Quicken. The accounts aren’t linked to actual bank accounts–mom and dad keep the money. We track in the checking accounts all [...]

Carnival of Real Estate Investing (4 June 2007 edition)

June 6, 2007

EquityScout.com hosted this weeks Carnival of Real Estate Investing, which you can read here. The Dough Roller’s article entitled, The 1% Solution to Real Estate Investing, was chosen as one of the Top 3. Thanks, EquityScout. The 1% solution simply states that you should look for rental property that can generate gross [...]

Rich Dad Gives Lousy Advice

June 6, 2007

I read Robert Kiyosaki’s book, Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money–That the Poor and Middle Class Do Not!, years ago. It’s a decent book, although a bit gimmicky. His discussion of the relationship between the balance sheet and the income statement is good. Basically, you want [...]

103rd Edition of Carnival of Personal Finance

June 5, 2007

The 103rd edition of the Carnival of Personal Finance is now available at Clever Dude, which did a great job of hosting the Carnival, especially if you are a 24 fan like I am. The Dough Roller’s post–Don’t Steal from St. Peter– was included in the Carnival, which you can check out here. [...]

Motivation and Money Tip # 4: Create Milestones

June 4, 2007

As we discussed in Tip #3—Think Small, sometimes our long-term financial goals seem impossible. The Think Small tip reminded us that no matter how big the goal, it is achieved in small, easy steps. Setting challenging, short-term milestones will help motivate us to the next level in whatever we do. In personal [...]

Real Estate or Stocks: Which is the better investment?

June 4, 2007

There have been several recent articles discussing whether real estate or stocks is the better investment. The subject came up in a round about way at Get Rich Slowly, which you can read here. The comments are interesting, so make sure to check them out. Real Estate Mega Book addressed the topic more [...]

Don’t Steal from St. Peter!

June 3, 2007

Last week, FiveCentNickel answered a reader’s question about whether one should cash out a Roth IRA to pay off a mortgage. FCN’s answer was the right one, I believe, and you can read it here. The question is of interest to me because my mom has asked me the same thing. My [...]

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