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A recurring question that I keep getting is, “Craig, should I pay off my student loans? Or should I invest in real estate?”
The easy answer to this, like any highly debated question, is it depends. It...
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In the 20th century, retirement worked like this: You worked for 40 years, saved five to 10 percent of your paycheck, and then retired on a combination of a pension, Social Security, and spending down the...
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For the longest time, there was an unwritten pact in America. It went something like this: First, you attend school, show up on time, and listen to your teachers so you can get good grades and...
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Should you liquidate your 401k to start investing in real estate? This question has frequented the BiggerPockets forums over the past few years, eliciting mixed answers.
Most financial advisors and older folks will tell you that it’s...
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People say a million dollars ain’t what it used to be—but it’s still five to six times more than the average American has when they retire.
For most Americans, a million-dollar nest egg still sounds like a...
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A while back, I received an email from Robert Kiyosaki, author of Rich Dad Poor Dad. Actually, the email was from RichDad.com—they just made it look like it was from the famous author for effect. It...
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There’s no doubt about it—real estate can help you fast-track your way to financial freedom. It’s a powerful tool, especially when combined with leverage, that millions of people have used to dramatically accelerate wealth creation.
Every week,...
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When you’re under the weight of heavy debt, it literally changes the way you think.
You think defensively, feeling pressed in on all sides. Your first focus is simply survival: How do I make all my payments...
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How to get out of debt:
Step 1. Pay off all your outstanding bills. The end.
It seems like a pretty easy bit of advice, really. To get out of debt, pay off all your bills. That is...
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Every month, there are three ratios I track to measure my progress toward financial freedom.
I first check my savings rate. Savings rate is simply the percentage of income that goes toward savings, investments, or debt reduction.
Next,...
