Adulting Is Easy: Making Personal Finance & Real Estate Easy

Lauren and Jenny discuss the 4 ways to make money on a rental property: appreciation, cash flow, tax breaks, and loan pay down.

Blog:

https://www.realadultingiseasy.com/post/4-reasons-to-buy-an-investment-property

We're back after a month off with probably our longest podcast yet. Lauren and Aric go over in detail their newest real estate transaction. It has twists, turns, ups, and downs, and you're sure to learn from it.

Blogs:

https://www.realadultingiseasy.com/post/new-real-estate-adventure-on-our-way-to-fi

https://www.realadultingiseasy.com/post/real-estate-deal-gone-bad

This is a quick episode in which Lauren and Aric discuss the difference between a home equity line of credit and a home equity loan. If you want to dive deeper into home equity, check out this blog, How Changes in the Housing Market Affect Home Equity: https://www.realadultingiseasy.com/post/how-changes-in-the-housing-market-affect-home-equity

The corresponding blog for the episode is here:

https://www.realadultingiseasy.com/post/home-equity-line-of-credit-vs-home-equity-loan

Lauren is joined by her friend, Crystal Callahan-Estes. Crystal is an insurance agent and explains car insurance, and what questions you need to be able to answer when you speak with an agent. She is president of CLC Insurance Agency.

If you have any insurance questions, Crystal's contact information is as follows:

Office: 727-500-2636 Direct: 727-500-1575 | www.clcinsuranceagency.com

[email protected]

Her guest blog can be found here:

https://www.realadultingiseasy.com/post/preparation-is-key-to-save-on-your-auto-insurance

It's easy to take for granted that credit card debt is not a good thing, but let's talk about it to hammer it home.

Associated blogs:

https://www.realadultingiseasy.com/post/why-is-credit-card-debt-bad

https://www.realadultingiseasy.com/post/credit-scores-what-they-are-why-they-matter-and-how-to-improve-yours

Related podcast:

AIE #1: Credit

Lauren and Jenny discuss the differences between 529's and ESA's. Check it out to see which might be right for you.

Associated blog:

https://www.realadultingiseasy.com/post/comparing-education-savings-plans-esa-and-529

We're breaking from tradition today. Lauren and Aric discuss how they're handling their personal finances during Covid-19. You may get some ideas from their story. They also offer a few tips.

Helpful blog:

Alternatives to an emergency fund: https://www.realadultingiseasy.com/post/8-alternatives-to-an-emergency-fund

Breaking from tradition, Lauren tells her sister Jenny about a contentious real estate deal. Hold on to your hat for this one.

Associated blog:

https://www.realadultingiseasy.com/post/real-estate-deal-gone-bad

After a slight delay, Lauren and Jenny are back and they discuss 4 different kinds of mortgages: conventional, FHA, ARM, and VA.

Relevant blogs:

https://www.realadultingiseasy.com/post/quick-overview-of-mortgages

https://www.realadultingiseasy.com/post/what-is-an-fha-mortgage-loan

https://www.realadultingiseasy.com/post/what-is-an-adjustable-rate-mortgage-arm

Also mentioned:

https://www.realadultingiseasy.com/post/what-is-the-debt-to-income-ratio

https://www.realadultingiseasy.com/post/credit-scores-what-they-are-why-they-matter-and-how-to-improve-yours

Lauren and Jenny talk about some ways to fall back on net worth or take on debt instead of having an emergency fund. (Note: Emergency funds are still the best way to stash short term cash.)

Associated blog:

https://www.realadultingiseasy.com/post/8-alternatives-to-an-emergency-fund