Is It Best to Own the Same House All Your Life or Move Around?

Many people make it a financial goal of theirs to own their own home. This is an excellent thing to aim for and once you achieve it you will feel a high degree of satisfaction.

However, what do you do next? Do you stick with it for the rest of your life or look to sell it and move onto somewhere else before doing the same things again and again? There are a few different factors to take into account so let’s go through them one by one.

Would you buy Michael Jordan’s house?

After reading through a few popular news sites earlier I couldn’t help but mention this story, especially with our blog being called Money Rebound!

Apparently the home of basketball’s all time legend Michael Jordan recently failed to sell at auction because it didn’t meet the reserve price. Jordan’s home had been listed at a huge $29 million in February 2012 only for the price to be dropped to a cool $21 million when there was a lack of interest. Now with it failing to sell at auction poor Michael might have to take a big hit on the property – which has its own full size basketball court, putting green and and chipping area – and somehow survive on just his bank balance, investments and meager earnings from his lucrative deals with Pepsi, Gatorade, HanesBrand and Nike. According to this CNN Money article he also owns his own a motor-sports team, restaurants, and holds a majority stake in NBA team the Charlotte Bobcats. How will he get by, right?

Building an Emergency Fund in 3 Easy Steps

Ahh…the emergency fund. There are many reasons why personal finance experts tout this as the first step towards reaching true financial independence. Whether it’s a small fund of $1K or a larger pool of cash that can cover your living expenses for an extended period of time, an emergency fund can mean the difference between coasting through a tough time with your finances in tact or facing financial ruin.

Coping with the worry of debt

Being in debt is probably one of the most stressful experiences anyone will face. Some people can’t cope with being in any form of debt whatsoever. We all know someone like this who when they owe $10 to a friend or family member, well it literally occupies their mind from the moment they wake up to the moment they go to sleep. It can be tempting to think that these people take things a little too seriously and perhaps they need to chill out a bit but I can tell you one thing, it’s highly unlikely that this type of person will ever find themselves in debt up to their eyeballs, so maybe we could all learn a thing or two about developing a hatred or emotionally negative reaction toward any form of debt.

Tips for a Successful Garage Sale

Every summer I see the same thing: Countless signs taped, tacked and pasted to the utility poles advertising the latest and greatest garage sale that’s happening in the community. It’s not hard to leave your house on a Saturday or Sunday afternoon and stumble upon at least one sale taking place (especially as we head into the second half of summer).