personal finance tips from Eric Tyson

Last month, we wrote about Eric Tyson’s simple tips for improving your personal finance. Today, I wanted to follow up with a few more useful suggestions by Tyson. The idea here is to give you some basic personal finance principles that you can apply to your own wealth.

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Post image for Best Ways to Force Appreciate Your Home

Appreciation can help a homeowner or a real estate investor greatly. Appreciation is when the actual value of the property you own increases.These increases can happen organically overtime or they can be forced.

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Post image for What is an Index Fund? Find Out Here

If you follow enough personal finance blogs or listen to personal finance podcasts, chances are you have heard the term “index funds” tossed around quite a bit. Odds are you also hear about how great of an investment they are. But what is an index fund? Today we will discuss what they are so you can have a better grasp on whether or not they make sense for your portfolio.

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PT Barnum wrote the following back in the 1850’s:

Mr. Beecher advised young men to get in debt if they could to a small amount in the purchase of land, in the country districts. ‘If a young man,’ he says, ‘will only get in debt for some land and then get married, these two things will keep him straight, or nothing will.’ This may be safe to a limited extent, but getting in debt for what you eat and drink and wear is to be avoided. Some families have a foolish habit of getting credit at ‘the stores,’ and thus frequently purchase many things which might have been dispensed with“.

Looks to me like not much has changed since the 1850s.

Click here for the rest of Barnum’s writings on finance.

Hunting Does Not Build WealthBack in 2015, I moved from Washington, D.C. to Portland, Oregon to be closer to family. After moving, I gleefully discovered that you could legally own firearms and hunt in the state. This wasn’t something that could be easily done in the District.
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If you’re married or in a committed relationship, one thing you’ll learn is that fights about money aren’t really about the money. Instead, they’re often about underlying values like safety, security, freedom, etc. So, if you’re fighting with your partner about money, here is a resource I wanted to share with with you. Its good for folks who are struggling to integrate their finances with their partner, or for anyone who wants to improve their relationship.

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Post image for When Should You Refinance Your Home?

Refinancing is when a loan is paid off in full and replaced with a new loan that has different terms. Refinancing can be done for many reasons but may not always be beneficial. This article will walk through the some of the best reasons to refinance a loan so you can determine if refinancing makes sense for you.

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Post image for Best Things to Buy in July: Clothes, Electronics, and More

Happy 1st of July Everyone!

The month of July is packed with patriotic barbecues and hot summer days, but did you know it is also one of the best months for sales? In this article, you will find out what the best sales are in this month as well as the best items to buy during the month.

If you have any other tips for what to buy this month or your favorite sales, please share them in the comments!

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