Why is the RV industry booming and will it continue?

RV Industry

Why is the RV industry booming and will it continue? As an avid RVer myself, I have the privilege of belonging to various RV groups and I have also interviewed various RV insiders in the sales and campground industry. I have found there are several factors driving the growth of the industry. However, I fear the future of RVing will continue but for different reasons. Currently there is a large baby boomer generation retiring and if they where smart and stayed in their retirement accounts in 2008-2012, today those accounts…

Should I get a student loan?

Student loan

Should I get a student loan?    Student loans have been the hot topic of the last few years, how many of the millennial crowd is straddled with student loans for many years to come and most with very little job prospects in their chosen field.  Paying down tens of thousands of dollars in debt with no real income if daunting and I can’t imagine starting out that far in the hole.  So one has to ask, is this the only way?  Now I write this from an outside prospective…

Would you smoke a million dollars? How to retire rich.

retire rich

Would you smoke a million dollars? How to retire rich.   So I have to start this my saying I am not a smoker and haven’t really ever seen the attraction to it but I have had my vices. My fiancé and I where talking in the car the other day and I busted her chops about how much she used to smoke and jokingly said she could probably be retired by now, which got me thinking.   Let’s do the math…   I know people have done this with…

Here at last — the epic showdown between Dave Ramsey and Robert Kiyosaki!

Here at last — the epic showdown between Dave Ramsey and Robert Kiyosaki!   Okay, maybe that title is a little dramatic. But you’re reading now, so it must have worked. People often ask me which book will best teach them how to eradicate debt and become financially independent. Usually my answer is Rich Dad Poor Dad by Robert Kiyosaki. But I have also read Dave Ramsey’s The Total Money Make Over, and I believe its approach is likewise beneficial. So the question is, which one is best?    Well,…

How to get free stock trades….really free!

Free Stock Trades

How to get free stock trades….really free!     When trading with smaller amounts of money usually getting a good return is limited by the cost to enter and exit the position. Even with some of the discount brokers on the market the costs of purchasing and selling a position can range from $10-$20.  This may not be a lot when making 5 figure trades, but this adds up when you’re dealing with smaller purchases.     On a $500 trade, $6 trades in and out equal almost 2.5% of…

My 10 Year Retirement Plan

my 10 year retirement plan

My 10 year retirement plan   If you have been following my blog you know I am a huge fan of real estate as a wealth-building tool and passive income generator. If you haven’t been following me, welcome and I hope you continue and enjoy this post about my 10 year retirement plan. I got interested in real estate at a very early age, working as an intern for the phone company right out of electrical school and was fortunate enough to get partnered up with a guy who was…

Pay Yourself First

reinvest

You may have heard finance gurus shoot off the phrase, “Pay yourself first.” While this statement might make perfect sense to them, it took some time before I truly grasped its meaning. When I did, it completely revolutionized the way I thought about money. It also completely changed how much of it I had. Basically, the phrase means making financial choices that allow you to PAY INTO your own investments rather than force you to PAY OFF someone else’s. In other words, you pay yourself first. Before you scratch your…

What can your bank do for you?

Ask not what you can do for your bank, but ask what your bank can do for you. A little spin on JFK’s speech but it works here.   Little do people know, banks, credit unions and credit card companies go on various financial “pushes”. What I mean by that is they review certain products they want to pursue or are lacking business in and need to fill their inventory with, so they offer incentives to get new clients. Just like any other retailer may offer “loss leaders” to get…

How to flip your own home and move up the property ladder

Flipping houses

I get asked a lot of times why we keep moving every couple of years. Well the answer is: We make money from it. It is a major inconvenience to pack up everything and move every 2-4 years but in the long run it will be well worth it. I will show you the strategy you can use to move up the property ladder and eventually get the home of your dreams. I warn you it will not be easy but give it a read and see what you think.…