Cade Hildreth

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What is House Hacking? 8 Savvy Ways to Create Cash Flow

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The acronym “FIRE” stands for Financial Independence Retire Early. This movement is all about replacing your job with passive income streams so that you don’t have to work from 8am to 5pm five days a week until old age.

If early freedom is a goal that you have, then you might want to consider using your home to accelerate this process through a principle called “house hacking”.

But, what is house hacking exactly? And, how could it help you to live a financially free life? [Read more…] about What is House Hacking? 8 Savvy Ways to Create Cash Flow

What is the Rule of 72? A Simple Definition and Examples.

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I love the Rule of 72, because it lets you do quick math in your head to determine how quickly an investment can compound (i.e., double or triple in value) over time.

What is the Rule of 72? Simply put, the Rule of 72 is a quick way to estimate the number of years required to double the value of an investment at an annual rate of return.

This method was first featured in the Summa de Arithmetica of Luca Pacioli in 1494, which is impressive. Pacioli suggested using this method for calculating the estimated time of doubling investment. [Read more…] about What is the Rule of 72? A Simple Definition and Examples.

9 Credit Score Mistakes That You Can Fix Yourself

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Credit scores are tricky things.

If you think that all you need to do is pay your bills on time and avoid debt to get an excellent credit score—guess again. The truth is, it’s easy to fall into a bad credit trap and very difficult to get out of it.

Plus, with approximately one-third of Americans having a “fair” to “very poor” FICO score, it’s important to find ways to improve your credit so you don’t become a part of that statistic.

Here’s a list of common credit score mistakes, and what you can do to fix or avoid them. [Read more…] about 9 Credit Score Mistakes That You Can Fix Yourself

What Is a HELOC? Your Ultimate Guide to Home Equity Loans

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Home equity can be a major benefit of buying a home. You can find many amazing places to rent, but if you’re the tenant and not the owner, then you won’t benefit when the property value goes up.

The difference between your current home value and the amount of your mortgage loan is called equity. The equity in your home can be cash in your pocket with a home equity line of credit (HELOC).

What is a HELOC? Check out this guide to understanding when and how to use a home equity line of credit. [Read more…] about What Is a HELOC? Your Ultimate Guide to Home Equity Loans

Is Bitcoin a Safe Investment? 9 Tips for New Crypto Investors

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Cryptocurrencies rise to fame and explosive price growth over the past few years will go down in the history books. In 2017 alone, bitcoins price grew over 2,000 percent, starting at $1,000 at the beginning of the year and topping out around $20,000. During the pandemic, Bitcoin surged to new highs again, this time peaking at $60,000.

With cryptocurrencies becoming more and more popular, will there be another run?

Keep reading this guide to discover valuable tips for new crypto investors that will get you started in the world of decentralized finance. [Read more…] about Is Bitcoin a Safe Investment? 9 Tips for New Crypto Investors