How Much is Your House Worth?  2016

How Much is Your House Worth? 2016

Check your mailbox.  You are about to get a shocking notice from the taxman.  No not the IRS, your local County Appraisal District.  Don’t faint when you open the notice and see the increase in your property valuation.

All of these new Texan’s that are moving her for jobs are looking for and buying houses.  With the inventory of new and resale houses at a historic low, it is simple economics.  A lack of supply with an increased demand equals an increase in price.

How much are houses increasing?
According to several of the local county chief appraisers. the increase is spectacular.  In Denton County, chief appraiser Rudy Durham says. “A decade ago first-time homebuyers were in the $150,000 range now it’s $250,000.”

But the real sticker shock is in Collin County where the average house will appraise for $312,000.  That is a 9.5% increase over 2015, where the average house was $285,000 according to Collin County chief appraiser Bo Daffin.

What can you do?

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Five Top Tips for 401(k) Participants

Five Top Tips for 401(k) Participants

Which is better for you?

Going to the Doctor when you are sick or going to the Doctor regularly for preventive checkups and maintenance?

Just like everything else in your life it is always better to be proactive versus reactive. Being proactive in retirement means getting the most from your 401(k) plan retirement plan.

These are my FIVE Steps for participating in and having a successful 401(k) whether you are a participant or the company administrator/fiduciary.

STEP 1 – Get the most from your 401(k) Plan.

 

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Why 1% makes a difference

Why 1% makes a difference

In our life, we spend a lot of time thinking about problems. What if we say a magic word and make them all go away? Maybe we can.

The words aren’t like Dorothy clicking her red heels together and saying There’s no place like home”.   You don’t need Greek phrases or a special diet/pill you saw on the shopping channel to make it work, either.

Surprise is it not a four letter word, it is worse, it’s a simple six-letter word: growth.

What is growth?  Dictionary.com defines it as:

The act or process, or a manner of growing; development; gradual increase.

http://johnhcochrane.blogspot.com/2015/10/economic-growth.htmlThe problem with growth is humans.  We are not wait and see the gradual increase” type of people.  We want it the FEDX way – delivered to our door immediately and yesterday.

Do you remember this FEDX add ?  In this fast moving high pressured get it done yesterday world….this was from 1981 

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Old St. Nick Finds a Present

Old St. Nick Finds a Present

“But I don’t want an empire. What am I going to do with an empire? I’ve got five kids, a beautiful wife and I’m hoping on some grandkids. That’s what I care about.” – Jack Nicklaus the week of the 1986 Masters.

Priorities in life are a funny thing.

In my life, nothing says Spring like the second Sunday in April and an afternoon spent glued to the TV watching The Masters – especially the back nine.  There are careers started and lost and resurrected Sunday on the Augusta National back nine.
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No FAT TAX = an IRA Contribution

No FAT TAX = an IRA Contribution

What if I told you I have a magical way of converting waste into retirement savings?  Would you take about two minutes and read the secret recipe?

If your answer is yes, then grab a pen and paper and make your own list as you read through this week’s blog.

How much do you spend each month/year in making your “FAT TAX” payments?

You read that right – FAT TAX, not a flat tax.
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