Investing in today’s market is different than investing in a market even as short as six months to a year ago.
Things are changing very, very quickly and that’s why you need to be listening to podcasts to get new information.
My personal strategy is that I’m focusing more on building a financial fortress than I am on just expanding as quickly as I can.
When I’m making investing decisions, I’m thinking about how I can protect my wealth, not just how I can grow it.
Most wealth will grow on its own over time if you make wise decisions.
So you don’t have to focus on that, but you do need to focus on protecting what you have, especially as things change.
Always ask yourself the question, “What will I do if things go poorly?”
Making key financial moves now can help you maintain your budget, stay out of debt and lower your chances of owing more tax.
From your work to your savings and investments to spending and giving back, here are five moves you should consider making before Dec. 31 that can help to prepare you for financial success in 2023. Read the article here.
I was featured on Yahoo entertainment in an article about design moves that could hurt your home’s value. I warned against a closed floor plan, sharing that today’s buyers want to see what’s going on in different parts of the home and allow natural light to spread easier.
Click here to read the full article.
What do we do when we can actually rent for less than what it costs to own?
There are a few factors that I think you should take into consideration.
When you own a home, you pay for more than just the mortgage. You pay for the tax, insurance, capital expenditures, maintenance, and other things that go into owning a home.
So the question here is really what do you want your future to look like?
30 years down the road, 20 years down the road, 10 years down the road, what kind of a position do you want to be in?
While rent may be cheaper right now, it tends to not stay that way.
Rent tends to not go down or even stay the same, it tends to go up.
And when you have inflation, rent goes up quickly, especially when you have a shortage of housing, which we have in most cities.
Do your best to face your fears and get away from this idea of what’s cheaper right now and think about the future.
10 years of paying your property down and of rents going up – your mortgage being locked in place is pretty significant.
Are you interested in joining a league of like minded people committed to saving money and developing financial independence? Keep an eye out for David’s next educational product, the Spartan League.
