Frugal Living, Saving Money & Life Hacks

Frugal Living, Saving Money & Life Hacks

Using A 401k Loan To Pay Off Credit Cards (Hint: Don’t Do It!)

If you have quite a bit of high-interest debt, you may be looking into ways to pay it off faster. But if you’re considering using a 401k loan to pay off credit cards, you should know a few things first (plus why we don’t recommend you do it!). Related: FREE Credit Card Payoff Spreadsheet (Get Out of Debt in 2022!!) Can I take a loan out of my 401k to pay off my credit card debt? Technically, yes. Many different 401(k) plans allow you to borrow against your retirement savings. One of the benefits to many people is that it’s a low-interest loan option and will make it easier to pay it back vs. high-interest credit cards. Related: When Can

Read More
Frugal Living, Saving Money & Life Hacks

5 Ways to Build Wealth With Commercial Real Estate

Commercial real estate (CRE) can be a great way to build wealth. By investing in commercial properties, you can create passive income and increase wealth over time. Commercial real estate is a great way to build wealth because you can: Leverage long-term passive income Choose the commercial property type that works best for you Get creative with layering wealth-building strategies Keep income flowing while staying hands-off Study the risks and know how to avoid them Ready to dive in and learn how to develop high-yielding assets with non-residential properties? Keep reading to learn about the five ways to build wealth with commercial real estate. Leverage the Long-Term, High-Volume Income of CRE Commercial real estate investments are one of the best

Read More