In today’s roundup, Ian asks if a house is a liability or an asset, I talk about a recent house robbery, and Jordan talks about hands-off investing.
Carpe Diem MD
In this throwback post, Ian raises a common question in the field of personal finance: Is your house a liability or an asset? This is a complex question since it depends on your definition of these terms.
Ian aptly points out that it’s both! It’s an asset that appreciates over time and provides a place to live. But if you have a mortgage on the property, it takes money out of your pocket every month like a liability.
I agree there’s not a straightforward answer. I’ve been thinking about this a lot lately, and I do believe you can use your house as an asset accelerator via a couple of different methods. I’ll likely address this topic formally in a post soon.
Read the original post on Carpe Diem MD: Your Home is a Liability and an Asset…. Say What?
The Darwinian Doctor
My post this week tells the story of a robbery at our vacation home renovation in Palm Springs. It was a painful series of events, but through insurance and a healthy mindset, I can now see it as a good learning experience. I reflected on the theft and our response and condensed all of our learning into a post for you all to enjoy!
Read the post on The Darwinian Doctor: 9 Best Steps to do When Your House Gets Robbed
The Prudent Plastic Surgeon
In this post, Jordan Frey discusses how to invest in stocks and real estate in a hand off manner. I like that he goes over the advantages in these more passive options, as well as the advantages enjoyed by more active real estate investors. But for those who desire truly passive investments, you can’t get more hands-off than index funds and REITs!
Read the original post on the Prudent Plastic Surgeon: Hands Off Investing in Stocks and Real Estate
Do you want more roundups and original content delivered to your inbox? Sign up to my free newsletter below!
Perhaps you’re more of a Facebook type?
Are you a physician, spouse, or professional and you’re interested in using Real Estate to gain financial freedom? Join us in our Facebook group and accelerate your journey!