Tim McMahon

Work by editor and author, Tim McMahon, has been featured in Bloomberg, CBS News, Wall Street Journal, Christian Science Monitor, Forbes, Washington Post, Drudge Report, The Atlantic, Business Insider, American Thinker, Lew Rockwell, Huffington Post, Rolling Stone, Oakland Press, Free Republic, Education World, Realty Trac, Reason, Coin News, and Council for Economic Education.

Downsizing my home

Downsizing to Pay Off a Mortgage – Is it a Good Idea?

Real Estate / By / 5 minutes of reading

Being in debt is never pretty. Most people desire to own their own property at some point in their lives. Once that happens, those same people will probably have to take out a mortgage in order to be able to afford a house. That’s just the way things work. Of course, later on, if you are in a good state financially, you can even decide to buy a second house. It doesn’t matter how many properties you own – unpredictable circumstances, such as losing your job, could shake you up financially. That’s when you will start to look for a way out of your debt. Once that thought starts swarming around your head, the thought of downsizing to pay off a mortgage is bound to follow. But is downsizing a good idea? Well, there are probably a lot of expenses involved that you haven’t considered.

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Teaching Kids about money

Teach Your Kids to Budget Money Effectively

Education / By / 5 minutes of reading

Whether we like it or not, money plays a big part in our lives. While most people think financial wealth requires a lot of good luck, the reality is it’s all about the skills you have and how you use them. If you teach your children how to take care of themselves, why not teach them how to manage their finances as well? You might be thinking it’s too early to face them with the harshness of the real world. However, the sooner they learn, the better off they will be as adults, experts say. So, how exactly do you teach your kids to budget money effectively?

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Smart Finance Moves: Questions to Ask Yourself Before You Buy a New Car

Credit / By / 3 minutes of reading

Buying a car is a life-changing decision. It affects both your current and future life. Therefore, you need to ensure that the decision you make is the right one. You do not want any regrets months or years later when certain aspects of your current life change. Therefore, you should have some key questions in mind that will help you make the best decision.

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Estate Planning

Wealth Transfer: Estate Planning

Articles / By / 3 minutes of reading

A will is a legal financial document that will allow you to distribute your assets to loved ones in the manner that you desire. Many people put off the task of making their will because it is a reminder of their own mortality and because it requires thoughtful, and sometimes difficult, decisions. However, if you take the first step, you will find that accomplishing this important task can be a gratifying experience. If you follow these tips, you will ensure that your will is ready to be signed and executed.

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Steve Jobs Leadership

Five Business Tips to Help Your Company Thrive

Business / By / 3 minutes of reading

Obviously, as a business, you’re looking to generate as much profit as possible, which involves not only cash generation but ensuring that each dollar invested reaps several dollars more. Once you are consistently generating a reasonable profit, you will want to grow your market share, which will show that your company is thriving in the modern age of retail and commerce. But to get to this point of thriving, you first need to know how to survive: business, after all, is tricky and sometimes volatile. Here, you’ll discover five tips to help transform your business into a prosperous and beneficial enterprise for you and your customers.

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Car Insurance

Have Minimal Car Insurance? What to Do in Case of an Accident

Insurance / By / 3 minutes of reading

There are plenty of people who have the minimum amount of car insurance their state will allow. While it makes sense to choose to keep insurance costs down as much as possible, unfortunately, it also means that many people may not have enough coverage when they do get in accidents. If you find yourself in this situation, there are a few things you can do to reduce your costs.

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Home inspection

Avoid a Money Pit: 4 Vital Inspection Items before Buying an Older Home

Real Estate / By / 3 minutes of reading

Purchasing an older home might seem quite appealing to you. You may love the historic charm, or perhaps you’re looking into purchasing a house from older relatives. These features can certainly allow you to live in a charming home. However, older houses can come with a number of problems, so make sure to inspect certain elements before making an offer. Otherwise, you might spend all of your money fixing the house.

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