Tag: financial planning
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The 4% Rule: A Simple Guide to Building Wealth with a Mortgage
Building wealth is a process of weighing decisions in order maximize their impact on your long term net-worth. AJ breaks down why The Wealthy Idiots believe in the 4% rule when considering debt on your home and how it makes sense to use it to maximize your wealth!
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DC Poc’s Investment Success: Interview with Entrepreneur, Founder at Wealthy Idiots, Finance Writer
In this interview, we discuss DC’s investment success over the past decade and how he’s converting his simple job income into a multi-decade wealth building plan. DC is an accomplished investor, finance writer and founder at The Wealthy Idiots
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I was WRONG | How does Mortgage Amortization affect your Wealth?
Mortgage Amortization can be a confusing topic for new home buyers. AJ owns several homes, built an amortization calculator from scratch, AND still got confused in a conversation about it. AJ explains what Amortization is, how it evolved in the US over time, shows an example using the Wealthy Idiots Mortgage Calculator, and lastly, what this means for building your wealth!
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Is your net-worth is stuck in your home?
Are you really a millionaire if your net worth is tied up in your primary residence? AJ asked recently, what would Dave Ramseys millionaire study look like if you removed peoples primary residence. This is an important question because it might determine whether or not you are capable of retiring!
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Americans 401k balances will make you sad
401k plans are continually growing in popularity. Today, more and more employers are offering the plan, which has become a staple of the retirement system of the future in the United States. That doesn’t mean the balances are booming. In fact, they’re rather pathetic.
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Leverage may be the Biggest Wealth Building Secret! Dave Ramsey Will Hate This!
Leverage is an essential tool for building wealth. Sorry Dave Ramsey. AJ explains the What, Risks, How and Why’s of leverage.
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REACTION: You won’t believe Dave Ramsey’s response to this real estate investor!
Dave Ramsey gets a call from a novice real estate investor and chastises him for “living on the edge”. AJ explains how real estate is a business and any debt taken out to invest in real estate should be well thought out and intentional.