This page consists of investment related blog posts. Here you will find FinTech or investment app reviews and comparisons and you will learn about different ways to invest for retirement, for fun, for real estate, for your health, and for your education. Invest at your own risk.
Let's say you are a master mechanic looking to buy land or a garage for the purpose of repairing vehicles. The commercial real estate agent and seller will tell you that the property is zoned for automotive repair. You sign the agreement and buy the property only to later find out that the property is not zoned or permitted for an automotive repair garage. The property you purchase may have technically have a garage on it, but it cannot be…
With today's real estate prices, you can no longer find land for under $10,000. In fact, there are $1 million land listings out there where the land seems unusable or awkward. It may look like it does not make sense, but land could be a very good investment. Here are ten ways you can make money with land. 1. Flea Markets If you buy a plot of grass or a paved area on a busy street, you can turn your…
I recently stumbled on Figure who claims they are the fastest at approving and funding for HELOC's, or Home Equity Lines of Credit. Before I continue, Finance Throttle is not sponsored by Figure. I just found them interesting as an alternative to the traditional bank. Figure's HELOC is powered by the blockchain and operates in 43 states with more coming. With a short online application, you can get approved and gain access to your home equity in as little as…
Back on December 28th, 2020, I published one of my first posts on FinanceThrottle.com. It was titled "How much did I make after 5 years with a Betterment Roth IRA?" I started my Roth IRA at 25 years old after I had just finished paying off my student loans. At the time I was already a real estate investor renting out each bedroom in my house. After some research, I decided to open my account with Betterment. Betterment is a…
It is a little known fact that cars were on the road in the late 1800's, way before Henry Ford came up with the first car produced on the moving assembly line, the Ford Model T. While steam power was the way to go in trains throughout the 1700's, the technology did not catch up to automobiles until the 1800's. Steam was impractical. Steam engines needed as long as 45 minutes to start up in cold weather and they needed…
The three main types of Retirement Accounts are the 401k, Traditional IRA, and Roth IRA. If you are or ever were employed in a full time salaried job, there is a good chance you already have a 401k account. But what about IRA, or Individual Retirement Accounts? Let's start off by seeing how similar these three accounts are. Similarities All of them allow you to withdraw money penalty-free at 591/2 years old. If you withdraw earnings before 591/2, all of…
I'm not sponsored by Betterment, but it is one of my favorite brokerages for passive investment. Betterment is a Smart Money Manager, meaning just about everything is automated. They are one of the early adopters of robo-advising and robo-investing. I have had my Roth IRA with Betterment for over 6 years and it has performed well. I also use Betterment for my HSA (Health Savings Account) investing and I use Betterment's Cash Reserve high interest account to hold my emergency…
Knowing your net worth is important in tracking your financial goals. To calculate your net worth, you simply add up the value of all of your assets and subtract all of your liabilities. Let's define these terms below: Assets are items of value. They include cash, crypto, personal items, and your properties. Calculating your total assets may involve adding up all of your cash on hand, cash in bank accounts, cash in investment or retirement accounts, pensions, and more. Liabilities…
Everyone with a mortgage has heard of refinancing, but did you know there is an alternative to lower your mortgage payments? While refinancing is the popular choice, recasting may be a better option depending on your circumstances. What is a Mortgage Recast? If you meet the criteria below, recasting may benefit you. You are well ahead of your loan re-payment schedule because you have made extra principal payments.Current interest rates are similar to your mortgage interest rate. Within 0.5%. You…
Around Christmas of 2020, I decided to start my own personal finance blog Finance Throttle. My objective with this blog was to help people accelerate their net worth and learn more about personal finance along the way. Within a week, I created the blog and website through a Bluehost referral link and published the site on December 31st, 2020 for a January 1st, 2021 reveal. I started off publishing a new blog post EVERY DAY. This wasn’t easy since I had a full…
