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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+

How to flip houses

Budget Friendly House Flipping

Real Estate / By

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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moving on a budget

Cut Household Expenses for Your Big Family Move

General / By

Moving can be expensive even if you “Do it Yourself”. There is the truck rental, gas, time off of work, pizza for the “helpers”, plus depending on the timing of the move you might have to pay rent twice for that month. In addition, you will probably have to pay deposits for your new utility services which can add up to hundreds of dollars. All of that can be expensive.

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Which is Better: New Construction or a Pre-Owned Home?

Real Estate / By

If you’re looking to buy a “new” home, the question that often arises is should you buy a brand new home or a pre-owned one? Do you want a brand new house that has never been lived in, customized with all the amenities that you or want? Or should you get an older house that may require more repairs and remodeling but may cost less initially and allow you to invest “sweat equity” to improve the value?

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Retirement Income

Essential Investment Considerations for Seniors

Retirement / By

As a retiree, you should have been saving for most of your life, but now you have to decide how to allocate your money so it will serve you best. Hopefully, you set aside money from each paycheck either in an employment-sponsored 401(k), stock options, or one of many different types of individual retirement accounts (IRAs). While you might have been saving for the better part of your life, you can’t stop money management once retirement age comes. Unsuspected medical costs, increased taxes, natural disasters, and more can cause a financial burden with little to no preparation time. So you need to plan wisely.

But as retirement time rolls around you might need to make some adjustments to your investment allocations. With some wise investment, you can even be living a more comfortable life as a retiree. Here are some investment options that seniors should consider.

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How to buy Used

Buying Your First Car? Here Are Some Tips

Car / By

A first-time car buyer journey is quite an adventure. According to Pure Cars, an average car shopper considers at least 14 brands during the purchasing process, but only ends up visiting two dealerships at most before sealing the deal. To reach this stage of final purchase, you must first go through a series of steps to ensure that the first car you buy is the right one for you. Here are tips that will work along the way.

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Planning for Vacation

It’s Not Too Early to Begin Budgeting for Your Summer Vacation

Vacation / By

Summer vacation is something that we all look forward to. This holds especially true for children as Summer Vacation becomes the highlight of their year and often creates lasting family memories. However, affording a summer vacation can be tough on most of us. Often people will simply put the expense on their credit cards and end up paying massive interest on the debt. A better plan is to start saving beforehand so you can keep the interest in your own pocket.  Here are a few things you can do to budget for your next summer vacation.

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