Author - Michael Rivas

1
How To Loan Money To Family + 3 Ways To Set Better Financial Boundaries
2
4 Things You Need To Consider Before Purchasing A Rental Property
3
The 5 Elements All Successful Businesses Have In Common
4
How The Sandwich Generation Can Take Control Of Their Finances
5
Creating A Strong Tax Planning Strategy Can Save You Thousands, Here’s How

How To Loan Money To Family + 3 Ways To Set Better Financial Boundaries

As a member of Generation X, sandwiched between aging parents and adult children, there’s a good chance that you’ve considered loaning or gifting money to a family member.

But “loan” takes on a whole new meaning when the family gets involved. It can turn from a nice gesture to an awkward, irritating, or downright annoying encounter in a hurry.

Loan/gift, tomato/tomahto—that’s what it’s like giving money to family or friends. How can you financially support your family while also protecting your financial wellbeing? 

Let’s explore ways to strategically give money to loved ones without going overboard (on your money or

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4 Things You Need To Consider Before Purchasing A Rental Property

Contrary to popular belief, real estate investing isn’t all HGTV flower boxes and passive income filling your bank account. Whether you’re purchasing a single-family home, duplex, or commercial property, managing a rental property is a huge financial and personal undertaking.

 Before you dive headfirst into a real estate project, you’ll want to do your homework.

So what factors should you consider?

Rental Properties Are Highly Concentrated Assets

Investing in rental properties will likely tie up a significant portion of your net worth in one place. A quick google search will show you all the millionaires and billionaires who got

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The 5 Elements All Successful Businesses Have In Common

The 5 Elements All Successful Businesses Have In Common

Sometimes it seems like building a successful small business is like making a wish on a shooting star or finding the pot of gold at the end of a rainbow.

The statistics for a long-term “open” sign aren’t too appealing. According to the Bureau of Labor Statistics, approximately 20% of small businesses fail within the first year. Even more alarming, by the end of the second year, it’s 30% before skyrocketing to 70% by the end of year ten!

Keep in mind that in business (as in life), nothing is guaranteed.

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How The Sandwich Generation Can Take Control Of Their Finances

How The Sandwich Generation Can Take Control Of Their Finances

Do you feel like you are stuck between caring for your aging parents and supporting your children? If so, you’re part of the sandwich generation, and you’re not alone. 

According to Pew Research Center, nearly 12% of parents fall into this category—mounting stress and bills at a rapid rate. The same study also found that people in the sandwich generation experienced more financial and emotional challenges than those who were not part of that group. 

Intergenerational finances bring immense challenges like navigating your financial health and also carrying the financial

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Creating A Strong Tax Planning Strategy Can Save You Thousands, Here’s How

Financial planning can feel a bit ambiguous at times. There are quite a few assumptions that need to be made about your financial future. What will your income and expenses be in retirement? What growth rate can you assume in your portfolio? How much of your income will social security really replace?

While you may not be able to control everything about your financial situation, there is one area where you can take charge immediately.

Taxes.

Proactive tax planning can instantly elevate your overall financial plan.

Here’s how.

Tax Preparation vs. Tax Planning

It is very common for people to

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