Author: Rick Orford

Getting a Rental Without Perfect Credit

If you have less than perfect credit, or no credit, you might have no doubt questions or concerns about being approved for a rental home. While it won’t be easy, there are some things you can do to help improve your odds.  What it boils down to is: Setting your landlord at ease. The landlord…
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What is the Debt Snowball Method

There are many ways to pay down debt, but by far my most favorite way to do it is by using the snowball method. No, it doesn’t involve any real snowballs (Wouldn’t that be fun!), but rather, it requires that you create a list of all your debts in order of the balance, and work…
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Obtaining a Mortgage for a Rental Property

You might have considered increasing your passive income by purchasing a rental property.  This really can be an excellent “side hustle” and provide a significant to your bottom line, over time.   Obtaining a mortgage on an investment / rental property is very similar to what I wrote in Getting Organized for your First Mortgage with…
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5 Easy Ways to Pay Down Debt

No one likes debt, especially bad debt. While paying it down can be a struggle, here are 5 easy ways to pay down debt that are sure to kick start your goal Balance transfer to a 0% card.  For example, the Barclaycard Ring Mastercard offers $0 annual fee, and 0% APR for 15 months. Then…
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How to Save Money When You have a Low Income

Saving money is something that everyone seemingly wants to do, but often have much difficulty accomplishing. When I look back at everyone I’ve worked with, I see that income itself has very little do with savings rates.  In fact, I’ve said many times “It doesn’t matter if you make $50,000 or $150,000 a year, unless…
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Common Types Of Retirement Accounts in the US

The thought of starting your retirement plan might seem daunting, but really, it’s not much different than planning a family vacation- in fact it can be as easy as putting together a grocery list. In my experience, folks tend to put off retirement plans as they think there are more (immediate) pressing things to think…
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Fast Track to Financial Stability

Congratulations! You have made the single most important step in the entire process – searching out how to become financially stable. In my 20’s and early 30’s, I made tons of mistakes.  I overspent, mis-used credit, and basically lived a “Rock star” lifestyle- without any care in the world.  The problem is, I’m here to…
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Getting Organized for your First Mortgage

Getting organized for a first mortgage in advance will help you immensely when its time to buy your first home.  Here are some of the things that will give you a head start! First, you’ll need your down payment. 3–5% at a minimum, however, I recommend 20% as you’ll avoid expensive private mortgage insurance (PMI). …
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What’s a HELOC and How does it Work?

A HELOC, or Home Equity Line of Credit is a line of credit secured by your home.  For example, if you have a HELOC with a $50k limit, and you use $10k, then you have $40k remaining. If you pay off the $10k, then you are back to the beginning with $50k being available to…
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The Financially Independent Millennial is a Confirmed #1 BEST SELLER!

This just in!  Amazon has just confirmed that our book, The Financially Independent Millennial has just hit #1 Best Seller Status! Pick up your copy today on Amazon!