Rentals
What amount do you need to put down normally to close on a rental property?
20%
Most Americans rely on this stream of income as their sole retirement
Social Security
Average US household debt in 2024
$105,000
Three types of life insurance
Term, whole and universal
The degree to which you may enjoy your tenants may depend on using this agency
Property Manager
This rule teaches you the rate at which money will double
Rule of 72
Three steps to get aligned with your spouse or yourself for financial communication
1. Know what’s coming in
2. Know where the money is going
3. Agree on amounts
Which life insurance plan has a flexible premium
Universal
Type of loan where you use your equity on your primary home to free up cash for your rental
HELOC
This is the type of fund most people choose when selecting their 401k fund
Target Fund
Cause of 20-40% of divorces/breakups
Financial stress/ lack of communication with finances
True or false: universal life insurance can only be used after you die
False
Type of loan that is based on rental income and not debt to income
DSCR
Biggest unknown that can erode your retirement savings
Inflation
What type of expense often eats away at budgets because they are small, frequent and rarely tracked
Money leaks
This insurance product can grow tax deferred and provide a guaranteed lifetime income
Annuity
This is what real estate does upon owner death in relation to taxes
Step up in basics
Expected draw down rate of your investment in retirement while not reducing your principal?
6%
Average amount a person spends on snacks and drinks at a gas station per year
$1,664
The portion of Universal Life Insurance that you can borrow against or withdraw while you’re alive
Cash value