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Tim McMahon

Work by editor and author, Tim McMahon, has been featured in Bloomberg, CBS News, Wall Street Journal, Christian Science Monitor, Forbes, Washington Post, Drudge Report, The Atlantic, Business Insider, American Thinker, Lew Rockwell, Huffington Post, Rolling Stone, Oakland Press, Free Republic, Education World, Realty Trac, Reason, Coin News, and Council for Economic Education. Connect with Tim on Google+

7 things to inspect

Major Systems to Beware of When Buying a Home

There is nothing worse than buying a home and then shortly thereafter being hit with a huge repair bill. That is why some buyers offer an included home maintenance insurance contract. This may be a good idea when buying an older home but even they are often inconvenient to deal with. A perfect example is my daughter who purchased a home with a “warranty” and shortly thereafter her HVAC system stopped cooling. So she called the warranty company and they eventually sent out a repair person. Two weeks later it isn’t working again, so after another couple of weeks another repair person arrives and this goes on for a couple of months until eventually, they ended up making a major repair (after many threats from my son-in-law).  The problem is the warrantee company hires the cheapest labor and only authorizes the minimum of repairs. If you were hiring the contractor you would look for quality workmanship and buyer satisfaction… but that is not their priority.

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Ready to Buy a house

Evaluate Your Finances to Know You’re Ready to Buy a House

The idea of being a homeowner is exciting and maybe a little scary. It is normal to be apprehensive before taking such a big financial step. Preparation is the key to managing anxiety and ensuring your finances are where they should be. Looking for the perfect home should be fun. When viewing residential properties, you want to spend your time selecting the home that is the perfect fit for your family. Having your finances in order allows you to do so.

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Wrongful Death

Pursuing a Wrongful Death Claim After the Death of a Loved One

Wrongful death” is the legal term for fatal incidents that could and should have been prevented. The context in which wrongful deaths occur varies widely, but usually involves some sort of negligence on the part of the defendant. If a family member was the victim of wrongful death, you may be entitled to legal compensation.

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Reverse Mortgage

Does a Reverse Mortgage Loan Make Sense for You?

Under the right circumstances, a reverse mortgage loan from an approved and respected lender can be a great way to improve your financial situation in retirement.

Many seniors, understandably, are intensely concerned with remaining independent for as long as possible in their golden years. A reverse mortgage provides the financial stability to stay in your home and maintain your independence for years. In this article, we’ll cover the basics of reverse mortgage loans, how they work, and how to know if one is right for you.

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Teach Your Kids Finances

Teach Your Kids About Money Management

Learning to manage money is an essential life skill that impacts every stage of a child’s development. Children can begin to understand the role of finances in family life from a young age.  Age-appropriate lessons can help them become financially literate and prepared to handle income and spending as they become young adults. Here are some ways to train your kids how to manage money.

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Save money on internet

4 Ways to Save on Internet Expenses

These days, many families have to make do on reduced budgets due to a reduction in the number of hours they are working because of the virus. With the rising costs of various services, this can certainly be a challenge. However, not every service is expendable. You can’t really be without internet service if you want to live and work in the modern world. Unfortunately, sometimes gaining access to the internet can also be expensive. Thankfully, there are strategies you can use to save on internet expenses for your household.

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Trusts 101

4 Types of Trusts That Can Protect Your Assets

While it’s not something most people want to think about, it’s always a wise strategy to consider what would happen if you were to pass away at some point in the future. It may be uncomfortable, but it must be done to help protect your family if such a thing were to happen when you don’t expect it. One way you can protect your family is by setting up a trust for your children. That way, your assets can be preserved for them. However, there are different kinds of trusts you should be aware of.

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Summer cooling

How to Save Money Cooling Your Home Even in the Middle of Summer

Summer is one season where saving money can go right out the window, literally. In between beach vacations and backyard barbeques, staying cool is a must. Unfortunately, keeping your home cool and your utility bill low can be challenging. Depending on where you live, it’s not uncommon for the mercury to soar as early as April, and by July the heat is still raging. Thankfully, there are ways to stay cool and save money too.

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Small Family Home

Cost Effective Options for Small Family Housing

Older homes were often built with the large families of the past in mind, but that rambling Victorian or sprawling ranch home can seem overwhelming for your family of two or three. Small families are also often on small budgets, so choosing a cozy, cost-effective home over a large and luxurious one makes sense. If you’re looking for a home that’s just the right fit, here are four of the most budget-friendly housing options for small families.

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How to flip houses

Budget Friendly House Flipping

Anyone who has watched HGTV knows flipping houses is a great way of making money. But there are risks involved as well. To succeed you need a good eye for location and the ability to determine what the most cost-effective renovations are. In the previous year, the average gross profit house flippers made was around $65,000 making an almost 45 percent return on investment. So, real estate can be a great investment opportunity if done right. However, many people go into it without thinking it through. They are then surprised by the amount of work involved. In order to maximize your returns, it is important to buy in the right location while not spending too much on renovations. This budget-friendly guide to flipping a house will help you find your footing in the ever-evolving real estate market.

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