B’s Finance Minutes

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3 Stages of Building Wealth

In today’s Finance Minute, let’s talk about the 3 stages of building Wealth.  The first stage is learning how to work for money.  This happens when you work for somebody and get paid for your work.  The second stage is learning how to make money work for you.  This occurs when you use the salary that you made from stage one to

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Your Top 3 Key Numbers

In today’s Finance Minute, let’s talk about the Importance of knowing Your Top 3 Key Numbers.  If you are serious about succeeding financially you need to know these Numbers and can break it down easily and effortlessly. Monthly cashflow Net worth Annual Retirement Income needs Monthly cashflow simply means you know how much money you have coming in and going out

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Owning Rental Properties

In Today’s Finance Minute, let’s talk about what first time investors don’t know about owning rental properties. Because homeowners pay for their mortgage with their salary, they forget that when they own a rental, they are not paying for it-the tenant is. Some worry their salary will have to cover two payments. I remind them their

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Refinancing Mistakes

In today’s finance minute, let’s talk about the costly mistakes to avoid when refinancing your mortgage. They are as follows: Failing to review all your options. When you don’t review or compare your options and refinance with just your bank, you may not realize that there are many ways you can save money. Your lender will just

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What is Refinancing?

In today’s Finance Minute let’s talk about what Refinancing Means. It means changing or replacing your current mortgage with a better mortgage.  Why would you replace your current mortgage?  Because your needs and the economy have changed from the time you took your mortgage.  Refinances happen and you can do this with any lender, it doesn’t have to be with your current

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