With the limited supply of houses available, more and more people are considering buying land and building a home. I have had about 5 clients this year alone bring up wanting to do this which is more than all other years combined. Building can be a great route for the right person and situation, but it comes with different challenges.…
Welcome back! We are continuing on with this series about home buying. Over the past two weeks, we talked about: Both of these posts blew up and I got a ton of questions about what ARM’s are, if you should buy down points, etc. So we will talk about all of that in today’s post. For the past 5 years,…
Time and time again, millennials buy a house and are surprised by both the upfront costs and the ongoing costs of owning a home. Last week, I talked about what you can expect to pay when you buy a home, which you can check out here. Now this weeks post will be entirely focused on the costs of owning a…
A common misconception first time home buyers have is that the downpayment is the only upfront expense they need to plan for. However, this could not be further from the truth. There’s a whole array of other costs other than the downpayment that you need to plan for. Let’s take a look at each upfront expense you will have when…
We often associate wealth with financial expertise, but this could not be further from the truth. High net worth people are not immune to making mistakes. In fact, they make just as many mistakes, if not more than everyone else. And the worst part about it is that these mistakes they make can be even more costly due to higher…
Welcome back for part 5 of my Estate Planning Series. If you have not, make sure to check out: Those will help get you up to speed for this blog post. So far a lot of what we have talked about is moving money out of your estate to save on various taxes. However, there are ways to give money…
Welcome back for part 4 of my Estate Planning Series. If you have not, make sure to check out: Those will help get you up to speed for this blog post. Now moving on to part 4. We are going to talk about some of the different charitable strategies that exist that can help you give more away to charity…
Welcome back for part 3 of my estate planning series. If you have not, make sure to check out: Those will help get you up to speed for this blog post. Moving on now to part 3. This blog post is about some of the advanced estate/tax planning strategies that high net worth individuals (HNWI’s) are using. There are too…
This is part 2 (of 5) of a series I am writing on estate planning. If you did not read week 1 “Intro to Estate Planning” head on over to that post first so the foundation can be laid for you. This series will take you from the basics all the way up to the advanced strategies that High Net…
Estate planning is one of the most overlooked areas of peoples’ financial lives. Whether you’ve put it off because you think it’s boring, expensive, or because you don’t have enough assets, this series will help you understand: But for todays post, we are going to focus on the first 3 bullet points above. What Even Is An Estate Plan? Your…