Comments on: Getting Your Own House in Order http://www.biggerpockets.com/renewsblog/2008/01/29/getting-your-own-house-in-order/ Learn, Network, Invest Tue, 07 Oct 2008 18:46:53 +0000 http://wordpress.org/?v=2.6.1 By: Financial Planning on The Finance World For News and Information Around The World On Finance » Blog Archive » Getting Your Own House in Order http://www.biggerpockets.com/renewsblog/2008/01/29/getting-your-own-house-in-order/#comment-54737 Financial Planning on The Finance World For News and Information Around The World On Finance » Blog Archive » Getting Your Own House in Order Fri, 22 Feb 2008 03:05:14 +0000 http://www.biggerpockets.com/renewsblog/2008/01/29/getting-your-own-house-in-order/#comment-54737 [...] Getting Your Own House in Order I spent over 15 years as a Certified Financial Planner before moving into real estate investing. I was constantly seeing people who were approaching 50 years of age with kids in college. They were concerned about retirement yet had been … [...] [...] Getting Your Own House in Order I spent over 15 years as a Certified Financial Planner before moving into real estate investing. I was constantly seeing people who were approaching 50 years of age with kids in college. They were concerned about retirement yet had been … [...]

]]> By: Rom @ PR4 Link Directory http://www.biggerpockets.com/renewsblog/2008/01/29/getting-your-own-house-in-order/#comment-54656 Rom @ PR4 Link Directory Sun, 17 Feb 2008 21:11:33 +0000 http://www.biggerpockets.com/renewsblog/2008/01/29/getting-your-own-house-in-order/#comment-54656 I never thought of investing in real estate that way 'til I came across this post. Have been planning for a while to look for a bigger house which is closer to where my kids go to school. This post will come in handy. A million thanks ;) I never thought of investing in real estate that way ’til I came across this post.

Have been planning for a while to look for a bigger house which is closer to where my kids go to school. This post will come in handy.

A million thanks ;)

]]> By: Jack http://www.biggerpockets.com/renewsblog/2008/01/29/getting-your-own-house-in-order/#comment-54342 Jack Tue, 05 Feb 2008 18:20:11 +0000 http://www.biggerpockets.com/renewsblog/2008/01/29/getting-your-own-house-in-order/#comment-54342 Ouch. I was raised with the mindset that if you can't afford something now, then save for it in the future, except of course cars, an education, and a house, but these things are understandable. I think a big no-no for many people is that they mistake prioritizing for compromising, as in compromising the purchase of a new car for saving money. In reality, however, you’re sitting down and analyzing what is more important to you in the long run: a car that depreciates over time, or a piece of property that appreciates over time. You’re considering what is more profitable in the long run, and what will allow you to finance a second car later in the future. Prioritizing allows you to have your cake and eat it too. Compromising doesn’t. Ouch. I was raised with the mindset that if you can’t afford something now, then save for it in the future, except of course cars, an education, and a house, but these things are understandable.

I think a big no-no for many people is that they mistake prioritizing for compromising, as in compromising the purchase of a new car for saving money. In reality, however, you’re sitting down and analyzing what is more important to you in the long run: a car that depreciates over time, or a piece of property that appreciates over time. You’re considering what is more profitable in the long run, and what will allow you to finance a second car later in the future. Prioritizing allows you to have your cake and eat it too. Compromising doesn’t.

]]> By: Getting Started In Rehab Real Estate | Real Estate Investing for Real Blog http://www.biggerpockets.com/renewsblog/2008/01/29/getting-your-own-house-in-order/#comment-54340 Getting Started In Rehab Real Estate | Real Estate Investing for Real Blog Tue, 05 Feb 2008 17:01:23 +0000 http://www.biggerpockets.com/renewsblog/2008/01/29/getting-your-own-house-in-order/#comment-54340 [...] you start it is imperative to have your own financial house in order (See last week’s article. ). Jumping into rehab without a solid foundation will make it very difficult, if not impossible, [...] [...] you start it is imperative to have your own financial house in order (See last week’s article. ). Jumping into rehab without a solid foundation will make it very difficult, if not impossible, [...]

]]> By: Connie Brzowski http://www.biggerpockets.com/renewsblog/2008/01/29/getting-your-own-house-in-order/#comment-54109 Connie Brzowski Tue, 29 Jan 2008 19:42:06 +0000 http://www.biggerpockets.com/renewsblog/2008/01/29/getting-your-own-house-in-order/#comment-54109 Financial bondage via consumer debt is slavery and nobody realizes they're being lured into the cell with big screen TV's and shiny new cars. The statistics you quote are just terrifying... Another timely and relevant article, Rich-- couldn't have said it better :) Great job~! Financial bondage via consumer debt is slavery and nobody realizes they’re being lured into the cell with big screen TV’s and shiny new cars.

The statistics you quote are just terrifying…

Another timely and relevant article, Rich– couldn’t have said it better :) Great job~!

]]> By: Joshua Saunders http://www.biggerpockets.com/renewsblog/2008/01/29/getting-your-own-house-in-order/#comment-54106 Joshua Saunders Tue, 29 Jan 2008 18:55:45 +0000 http://www.biggerpockets.com/renewsblog/2008/01/29/getting-your-own-house-in-order/#comment-54106 Great advice. I see far too often people spending beyond their means. Or more often, people wanting to get into real estate investing with no savings and no cushion... the media makes it sound easier than it is. Great advice. I see far too often people spending beyond their means. Or more often, people wanting to get into real estate investing with no savings and no cushion… the media makes it sound easier than it is.

]]> By: Joshua Dorkin http://www.biggerpockets.com/renewsblog/2008/01/29/getting-your-own-house-in-order/#comment-54103 Joshua Dorkin Tue, 29 Jan 2008 17:03:27 +0000 http://www.biggerpockets.com/renewsblog/2008/01/29/getting-your-own-house-in-order/#comment-54103 Great post, Richard! I love the Bush quote . . . perfect! Great post, Richard! I love the Bush quote . . . perfect!

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