AirBnB Archives - Your Family Finances

Is Rental Property a Good Option for Earning Extra Dough?

The thought of being able to make money while you sleep is something we’d all like to be able to do. We’ve all heard the fantasy stories of making a million dollars from home. And historically, one of the most common forms of passive income is real estate. And shows on HGTV lead us to believe that it is also one of the easiest to attain. Whether doing a quick flip or having rental property, real estate seems to be the way to go.

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How Expensive is Full-Time Travel?

1 Comment / Money Management, Vacation / By Tim McMahon

Everyone want to travel more but how much does it really cost? Well, perhaps it is actually cheaper than you might expect. The problem of course is that you still have all your “fixed costs” at home i.e. taxes, mortgage (or rent), insurance, utilities, etc. But what if you sell your house first? That is exactly what we did and here is how much our first month of travel cost us.

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Tricks to Help You Survive Retirement Financially

Retirement / By Tim McMahon

Financial advisers strongly recommend that before you consider retirement you should be debt free. After all, if you couldn’t pay your debts with a higher income, how will you be able to do so with a reduced retirement income? But sometimes things don’t work out as planned, perhaps you are forced to retire earlier than planned due to downsizing or health issues, so it’s a good idea to have a backup plan in place.

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