Yes, You Can Put Down Less Than 20% to Buy a Home

There’s a myth that you can only buy a home if you have a 20% downpayment at your disposal. But according to the National Association of Realtors, for those who financed their homes, the average downpayment was actually just 10% and for first-time homebuyers, it was even lower at 6%. The 20% downpayment myth didn’t […]

How to Take a Cab Anywhere for Nearly the Same Price as the NYC Subway

It’s been a while since I’ve gotten this excited about a deal. Over the last several months, I’ve had a couple of friends tell me about this ride-sharing service called Via. When I heard about Via the first couple of times, I honestly kind of forgot about it since I figured it wasn’t much different […]

7 Ways to Tell if You Have a Good 401(k) Plan

Believe it or not, not all 401(k) plans are created equal. In fact, there can be a huge difference between the most generous and least generous plans. The question is, do you know how good your 401(k) plan is? Find out in this video and article I did for TheStreet, where I outline seven features […]

[FREE EVENT] How to Buy a NYC Apartment

Hi Everyone, I’ll be doing a free class on how to buy a NYC apartment on Tuesday, May 10th from 6:30pm-8:30pm at the super hip CommonBond offices. Tickets are free and beer and pizza will be provided. See below for more details and sign up here. When: Tuesday, May 10th from 6:30pm to 8:30pm Where: […]

How to Get Your Credit Card to Pay for Your Lost Things

It’s never fun to lose something, especially when it’s expensive. Don’t you wish there were a way to get a free replacement somehow? Well, there actually is. All you need is a credit card that offers a purchase protection feature. Finding Out About Protection the Hard Way I found out about this credit card feature […]

Should You Opt for the High Deductible Health Plan?

Every year, when it’s time to renew my employee benefits, a voice in the back of my head always asks whether it makes sense to switch to a high deductible health plan once and for all. The monthly premiums always look much cheaper and you get access to what some believe is the holy grail […]

Should You Get a Pre-Approval or Pre-Qualification?

There’s often a lot of weird terms thrown around when you’re trying to buy an apartment and especially during the mortgage process. You may talk to some real estate agents that tell you that you must get a pre-approval or that getting a pre-qualification is just fine. But what the hell do these terms even […]

Is Your Side Income Considered a Hobby or Business for Tax Purposes?

People have been increasingly finding ways to make some additional income outside of their full-time jobs. This trend has become so big that Kimberly Palmer decided to write a book called The Economy of You highlighting specific cases of how people are able to make money on the side. Some examples from the book include […]

Do You Qualify to Realize $500,000 in Capital Gains Tax-Free?

People love to debate the buy vs. rent topic to death. Some are proponents of renting, while those for homebuying say that renters are simply throwing away their money. One potential benefit of buying a home that can’t be argued is the $500,000 capital gains home exclusion. A married couple filing jointly may be eligible […]

Should You Use a 529 Plan to Save for College?

The cost of going to college continues to get more expensive every year. According to the College Board, higher education costs increased about 3% from last year and as much as 40% from 2005. For example, the annual cost to attend Harvard University as an undergraduate student was $40,000 in 2005, but now carries a […]