Recent content by FairyBurningStar

Check out the velocity banking video on YouTube.

There is a reason the level of bankruptcies in construction is high.

IMB is currently offering 5.99%. The best option really depends on what matters more for your finances right now keeping a good cash reserve or having better cash flow each week. I always keep a cash reserve that I won’t go below, so anything extra I’d put toward the car and only borrow...

It really depends on your bank and the loan to value ratio. If you need to show genuine savings usually for a 90–95% LVR then you’ll need 3 months of statements. If it’s just to prove you have enough money to complete the purchase, then a one day bank statement can be enough.

You don't technically have to pay yourself wages, but if your total wages go over a certain amount, you'll have to pay payroll tax. A good approach is to pay yourself what's typical for your role, and then take any extra as dividends afterward.

Think about specializing in a skill or starting your own business it's tough to get ahead on just an LV mech paycheck. If those options don’t fit, find a solid side hustle that works for you.

I think you own the property too. And yes, that was always my challenge you’re the owner and the builder, so technically you’re an owner builder. I had to pay for it with private loans. I do know a really good broker.

Being debt free can actually boost your income. Think about it every dollar you’re not spending on debt payments can go straight into your savings.

Back in 2013, I fell behind on payments for four credit cards, and one of them took me to court. The judgment from that case will be lifted soon. Now, at 72, my main income is from Social Security, which is protected from creditors. California law also safeguards $2800 in my bank accounts...