LIVING OFF DIVIDENDS & PASSIVE INCOME

When you buy a new home you can ask you loan officer to close on the 3rd or 4th of the month and tell him you dont want a mortgage payment until the start of the 2nd month. they’ll roll that payment into the closing costs and can tack onto the balance of the loan.
The reason I like to do this is so that i preserve capital. I like to buy homes that cashflow to begin with and the more money i can keep in the bank the better chance i have of withstanding long periods of vacancy or unforseen expenses.

• How To Avoid Foreclosure You must have read the recent post about the New York Times economics reporter who is facing foreclosure himself. Edmund Andrews covered the US economy and Alan Greenspan for over six years, but despite his financial accumen still got suckered into a loan he couldn't really afford. He hasn't made......
• Countrywide Down (Finally!) Like I mentioned in March, CFC finally has began to crack. I tried unsuccessfully to short it a few times and then I missed the big decline!Insiders have been dumping for quite a while now, so they pretty much now what was coming. Even if they claim that the housing......
• Escaping The Rat Race Here's another inspiring story on getting out of the rat race.How I escaped the rat raceCarole Dobson as told to Duncan HoodFrom the May 2006 issue of MoneySense magazineI used to work full time at a stressful job making a six-figure salary. Then, about 10 years ago, I started planning......

• Seven Lessons I've Learned While Being In Debt As a Young Adult I, and now my wife, have been in debt ever since enrolling into college.  After college, like many, we both got a good paying job.  However, you quickly find that being on your own results in many purchases, most of which are needs in order to live a comfortable life.......
• A Simple Way to Feel Wealthy on a Middle Class Income This post is about simple things that a not so rich person can do to feel wealthy. As baby boomers, Mr. and Mrs. ToughMoneyLove have been around the financial block a few times. It started with getting married while I was in law school, living a grad student life without......
• With Markets Collapsing Around Us, ING Sends A Nice Letter. And I am not even being facetious; I liked the tone and the attitude of this letter sent out to all account holders. Yet another reason I continue to bank with them even with their slightly lower interest rate. If you want to open an account there and get a......

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