In this roundup, learn how to select the best short term rental, the secret of compound interest, and how to keep up with inflation in your retirement accounts.
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Carpe Diem MD
In this post, Ian gives us five great questions to ask yourself when selecting a short term rental for purchase:
- Is it in a good location?
- Would you want to stay in the property?
- What makes the property unique?
- Is there room for improvement?
- Is the location amenable to building a team?
Read the entire post on Carpe Diem MD: Five Things to Consider When Purchasing a STR (AirBNB/VRBO)
The Darwinian Doctor
For my featured post this past week, I write about compound interest. This is one of the most important tools on your journey to building true wealth. I explain the concept in detail and give examples of this “eighth wonder of the world” in action.
Want to learn how much it takes to get to a million dollars in 30 years?
Read the post on The Darwinian Doctor: Compound Interest: the Key to Building Wealth
The Prudent Plastic Surgeon
In this post, Jordan answers a reader’s question about how inflation relates to your retirement account. He astutely points out that the year to year increases in contribution limits aren’t what will allow you to keep up with inflation. It’s your asset allocation within the account.
Keep up with inflation by investing your assets into things that will rise with inflation, like broad based index funds!
To learn more, read the post on the Prudent Plastic Surgeon: Can My Retirement Accounts Keep Up with Inflation?
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