All Forum Posts by: Account Closed

I would leave it , 70 bucks extra now yes but on the long term this is not a good idea. Bare in mind the guy was early most of the time and paying constantly for 3 years. Would piss me right off if I got the late fee. It's also a people business not just numbers.

I think the difference in real estate and the stock market is the automated long term nature of real estate investing. More money and effort goes into saving up for real estate and searching for the right house. And once you make the investment you don't want to sell any time soon. Since it's not all that easy and straight forward.  Real estate automatically means investing 

The stock market is easier it can be done faster and people tend to trade instead of invest. And trading is not investing. If you put as much effort into finding the right companies to invest in and have the same time frame , i.e. sell almost never and simply expand you will get there as well. 

Due to the psychology behind trading and the easy in and out of the markets people tend to make great errors and panic in times of turmoil. And dump their portfolio. Houses are not dumped that easily. 

If you have a simply investing strategy , much the same as investing in real estate is a simply enough strategy you will be fine in the stock market as well.

I never understood the scoring of credit in the US, basically by paying off debt and interest payments you get a good score. No score no loan. From what I know about it. With a bit of cash and no debt , not ever having had any and you have no score ? 

There is a lot to be learnt from just one concept in Finance, time value of money. Once you get that concept in your everyday decision making it will open up a new way of thinking that will benefit you greatly. 

It's not just the mathematical side but it's the way of thinking. The philosophy. At the Coursera website there is a great set of courses on finance which covers a lot.

Also on the basics of bookkeeping btw. Be sure to check it out :) 

Rates will have to stay low for some time , otherwise running up the government debt will be way too costly for the Trump administration. And he will have too loan massive amounts of money for his infrastructure plans alone.

low mortgage rates will keep people interested in buying houses. The only question is how long will it last? And will the middle class be restored in all it's former glory. If that happens all will be good.

Great story, congrats ! thanks for the insights

Thanks for posting this, Luckily I am only just starting to do the research. So this will be helpfull in pulling the trigger faster.

For me it's about being able to enjoy my life on my terms. Money is necessary to pay for the stuff I need. If you do stuff only for the money my experience is that it becomes boring and tedious really fast. 

The key is to find something that you absolutely love, if it generates money, that's nice. If it doesn't cut your costs pay your debt and find a sideline that generates passive income. Investing does that. Take small steps at a time and when you do that, you find life more enjoyable and the money question falls to the background quickly. 

I am not in the USA so I don't know the markets, here in the Netherlands some real estate markets in particular city's are overheating quickly. Which makes it difficult to get a decent return out of your real estate investment. Looking for Bargains and paying partly with cash and finance the rest would be my preference. It all depends on which price you can buy the property for. 

Welcome Sara , excellent idea to start young!