Buy versus Rent

The last housing bubble and subsequent real estate crash have many folks asking ... is it better to buy or rent? Its a good question, with large numbers of folks underwater on their home loans. In other words their existing loan balance exceeds their current home value.

Finding oneself in a negative equity position is never a fun place to be. However  ownership  typically wins out over the long haul. And the reason is  systematic principle payments made over time. Few have the discipline to save regularly year in and year out.  Although many manage to achieve like result via monthly house payments over decades.                                   

                                                        Roger L. Caron

Income Management

We live in difficult economic times and living on marginal means is no small challenge. Yet today most folks have access to some form of income, be it employment or otherwise. It could be in the form of Cash Assistance, Unemployment Benefits, Disability Income, Social Security, etc. While the income provided by social programs may be minimal, it is none the less income. And where there is income, there is opportunity. The source and size of the income is not what matters, but rather how the available income is managed. The trick is to find ways to create surplus, however small, regardless of circumstance.

 

                                             Roger L. Caron