Kids and Allowances
The topic of kids and allowances is always a difficult topic. There is no “right” answer. You just need to find a system that works for you. I personally agree … Read more
Calculator Problem – 01/03/2011
If you purchase a house for $35,000 and sell it for $59,000 five months later, what is the return on your investment? (The answer will be posted with the new … Read more
Are House Prices Headed Lower?
An interesting perspective that thinks house prices will revert to the long-term mean. If that happens, houses have more room to fall. I don’t believe this will happen in all areas … Read more
Housing Market Update
Here is a good article on the current real estate market: http://online.wsj.com/article/SB10001424052970203513204576047491075731426.html?mod=WSJ_hp_MIDDLENexttoWhatsNewsTop
Calculator Problem – 12/20/2010
A pack of cigarettes costs $5 and a person smokes a pack and a half a day. If he instead put that money in an investment that earns 12%, how … Read more
Calculator Problem – 12/06/2010
You have $6000 in a savings account earning 0.3%. If you had instead invested it in something earning 6%, how much more money would you have at the end of … Read more
1099s and rental properties
The link below is for a good article in the Journal of Accountancy on the upcoming changes in 1099 reporting requirements and its impact on rental property owners: http://www.journalofaccountancy.com/Web/20103537.htm
Calculator Problem – 11/22/2011
If you have credit card balances at a 31.99% rate, how many months at that rate is it before the stuff you bought on that credit card costs you twice … Read more
Calculator Problem – 11/08/2010
You purchase a mobile home with land for $25,000. You borrow all of the money for the purchase from a private money source at 8%. It will rent for $600 … Read more
Calculator Problem – 10/25/2010
How much would you pay for a note that has 63 payments of $851 if you wanted to make 12% on your money? (The answer will be posted with the … Read more