If you are a new homeowner, you may be thinking about getting security cameras installed inside and around your property. These cameras are ideal because they provide an extra level of security to those living in the home, such as yourself, your significant other, and your children. Even if you live in an area with a relatively low crime rate, it is still better to be safe than sorry. Before you go out and purchase the first security system you can find, it is important to check for some essential features that are convenient and will likely make you feel even safer. [Read more…]
I'm loving this new interview series that focuses on people who are doing extraordinary things with their lives. All of these stories have been incredibly motivating, and I can’t wait to share more! Past interviews include How This 28 Year Old Retired With $2.25 Million, How This Couple Paid off $204,971.31 in Debt, and How This Couple Bought an $11,500 RV, Traveled To All 50 States, and Built A Thriving Business.
For today’s post I interviewed 29 year old Elizabeth Colegrove, a successful real estate investor, property manager, and landlord.
She currently owns eight rental properties and doesn’t show any signs of slowing down.
I asked you, my readers, what questions I should ask Elizabeth Colegrove, so below are your questions (and some of mine) about owning rental real estate and being a long distance landlord. Make sure you're following me on Facebook so you have the opportunity to submit your own questions for the next interview.
In today's interview, Elizabeth shows us how exactly she built her real estate empire, the process to affording each, what she looks for in rentals, how she manages her real estate properties long distance, and more. You can follow her on her blog at Reluctant Landlord. [Read more…]
Offers for financing furniture are everywhere these days. You’ll see commercials on TV, offers in stores, signs on streets, and more.
I see them all the time, and I can't believe the “deals” they are promising people.
To be honest, I have never once seen a good deal on furniture financing.
I've seen offers for bed frames at $100 a week for a year, computers at $50 a week for a year, and so on. The low monthly payment is what pulls people in, but when you think about how long you will be making that payment, financing furniture and electronics becomes pretty unrealistic.
Side note: Of course, there are always exceptions when it comes to financing and credit. If you know how to take advantage of certain financing offers, then you may be able to come out ahead. However, if you know that you are not good at handling debt (which is probably the majority of the population), then it may be best to avoid offers like this completely. [Read more…]
Michelle's quick note: Today, I have a great blog post on how to save money for a large deposit from Rachael, who is a long-time reader of Making Sense of Cents. Rachael purchased her first investment property at the age of 20 by saving for a deposit and found many great ways to save for the 20% deposit. Below is her blog post. Enjoy!
I bought my first investment property with a 20% deposit when I was 20 years old (admittedly I was 2 weeks shy of turning 21!). I accomplished saving for a deposit with my own money, my parents never gave me a cent. So how did I do it?
1. The first thing I did was start applying for jobs as soon as I turned old enough to get a job. I started working when I was 15 as a checkout chick at Woolworths. Not very glamorous, a bit boring and repetitive but I was earning money! I worked about 10 hours a week during my last 2 years of high school, and worked around 20 hours per week during the school holidays. I worked at Woolworths for 3 and a half years and saved a good chunk of the money I earned.
Related: 75+ Ways To Make Extra Money
2. When I worked during high school the only time I would ever say no to a shift is if I was sick or had an exam the next day. It didn’t matter if I didn’t want to go to work (does anyone ever actually want to go to work?) I hated that job but I wanted a property so I went to work. [Read more…]
In the digital age, is direct mail marketing still a viable and effective method? And if so, what are some top tips for making this variety of marketing campaign as effective as possible? [Read more…]
Downsizing your home can be a big process. And, less and less people seem to be doing it these days.
We were fairly close to this size when we owned a house. The house we owned in the St. Louis, Missouri area was around 2,500 square feet if you included our finished basement, and it was just for myself, my husband, and our two dogs. Our home in Colorado was almost as big, at slightly over 2,000 square feet (with no basement).
More and more people seem to be purchasing large homes, but that's not the case for us. We sold our home last year and moved into an RV.
We made this decision for many reasons, but the main reason was that traveling nearly full-time added to the stress of owning a home. So, we figured why not just take it a step further and actually travel full-time?
Hello! Here's an awesome post from my friend Emma. As you know, we recently downsized and we now live in our RV. Life is awesome!
In August of 2015, we returned from 15 months of travel through Mexico and Europe with our young son.
We saved hard throughout my pregnancy and were able to fund 15 months of travel with our savings.
However, eventually our savings ran out and we had to go home. Although the savings account was decimated, my attitude to life was completely altered.
I was hooked and wanted to make travel a core part of my everyday lifestyle. I came up with a slightly crazy goal of chasing the summer around the world, traveling for months at a time – between hemispheres, across oceans. Cruise ships. Train travel. Driving an RV across the US.
Wherever we wanted to go. [Read more…]