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When you've made the important decision to stop renting and buy your own home, you'll need a plan to get started on your search. While most real estate agents can advise and guide you through the home buying process, identifying exactly what you want and being clear about what you'll settle for - and won't settle for - will help you make the best decision for your long-term home investment. You can get lost in the sea of choices presented by the home buying process. Choices require decisions:... Read Full Post

Do you have jitters about putting your money towards real estate? After-all, the media LOVES to talk about what tumultuous times we're in right now. Home prices falling! Buyers beware! Protect yourself! Never believe anyone that tells you an investment is 100% safe and smart. EVERYTHING that you do with your money has a certain amount of risk involved with it, even if it's just putting bills under your mattress; speaking of which, let's talk about what happens if you do NOTHING with the money... Read Full Post

How many times have you heard people grumble about taxes? Eventually, they get tired of simply complaining about how much money in taxes they have to pay and move on to how much money on taxes the rich DON'T have to pay. It can be frustrating, can't it, knowing that people with less money get fewer breaks than people with loads of money? It's frustrating because it isn't fair. And if you happen to be one of the people on the low-income/high tax-percentage side, then you may experience some re... Read Full Post

Those who aspire toward riches should know that, in order to achieve their goals, they will need to abandon much of the conventional wisdom passed on to them by parents, teachers, and others. You may, however, already be on the right track- that is, if you were lucky enough to have a role model who knew what it really takes to become rich. In the words of Robert Kiyosaki of "Rich Dad, Poor Dad" fame, "It doesn't take money to make money. I often hear people say it takes money to make money. I... Read Full Post

There seem to be two types of people in the world: office slaves who very nearly treat work as a religion and who are in danger of neglecting the very families for whom they work so hard to provide; and people who have adopted more of a slacker mentality, convincing themselves that money isn't important because they don't want to be slaves to the workaday world. Robert Kiyosaki, author of the Rich Dad book series, has money and he doesn't agree. "Anyone who says money isn't important obviousl... Read Full Post

What exactly is it that separates the wealthy from the rest of us? This is an essential question that isn't asked nearly often enough. On first considering the question, you may be tempted to give answers such as, "Having wealthy parents" or "Winning the lottery" or even "Working at a cushy, high-paying job." Indeed, anyone in any of the aforementioned circumstances can count his or herself among the very lucky. The bad news for those lucky people is that being in those circumstances is no gu... Read Full Post

Now is a wonderful time to look for your next home! So many places are available at unusually low prices, and townhomes in Minnesota are no exception! Minnesota townhouses are a great option to think about if you are thinking about purchasing. What advantages do townhouses have over typical stand-alone houses? For starters, there's generally less exterior maintenance to worry about since two of your four walls are shared with neighbors and are interior. If you don't need much yard space you c... Read Full Post

Robert Kiyosaki, in his Rich Dad, Poor Dad books emphasize how much benefit one can reap from investing in property. Real estate investing, in addition to its tax benefits, allows you to multiply your wealth without doing anything. Sounds like a great deal, right? Most investors initially enter the business because of the idea that they can put their money to work making them more money, without doing any actual work. Property investing success doesn't happen by accident, though; you first ne... Read Full Post

Everywhere you go, you hear the same sad things: "The rich are getting richer while the poor are getting poorer." "There just isn't enough to go around." "It takes money to make money." This can lead you to believe that there is some mystical force out there that regular people like you and me just can't tap into. If you subscribe to this way of thinking long enough, you may be tempted to say, "Since it takes money to make money and I have no money, then what hope is there for me?" There is p... Read Full Post

It's true that nearly everyone dreams of becoming fabulously wealthy at some point in their lives. Why is it then, that hardly anyone actually goes out and makes their fortune? The difference between those who become rich and those who do not is that the rich learn how money is made, and how they can make money work for them. Easier said than done, right? Not really. There is so much literature on the bookshelves about how to do it, anyone can learn how. And that is the key. You have to learn... Read Full Post