Is it a Good Idea to Pay off a House?

 Welcome to the LA CPA Expose’ .  These articles outline business and personal financial advice on a variety of topics.  You should always consult your professional and legal advisors before implementing any new strategies.

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DeBabbitting the Business Strategy Process: Can Creative People Be Developed?

My grandfather left quite a legacy.  He came from Italy as a boy to start a new life.   He acted in and scripted silent movies, fought in WWI, tightrope walked between two eight story buildings (without a net) over a busy Chicago street, helped build navy ships as an electrician during WWII, and founded a successful restaurant with his wife and nine kids.

His success in the variety of endevours is grounded in one quality: creativity.  Creativity is a right-brain function, natural to some and alien to others.  Should all brain-storming teams  have a business strategist who has this trait?

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Improving Your Business Immediately with Pareto’s 80/20 Rule and Tea

Would you like a quick way to improve your business? Have other projects taken too long before showing results?  Learn a faster way to improve your business in different areas with Pareto’s 80/20 Rule.  Join Rick and Brandon on the Improv-ing Business Podcast as they discuss Rick’s visit to the Charleston Tea Plantation and how the 80/20 Rule applies to tea.

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CPA Economic Depression Thinking: Buy Your House and Pay it off…Good Idea?  Maybe.

As a CPA, I have categorized home-owner’s financial strategy into two categories over the last 32 years:  One, the Depression Victim, and Two, the Leverage Junkie.  The Depression Victim’s financial strategy is a person who has lived or heard about people living during the Great Depression of the 1930s. My mother is like that.  The philosophy goes like this.  You buy a house, and you pay it off, period…Sure, you can buy rental real estate, but don’t use your house as a piggy bank.

The other financial strategy extreme is the leverage junkie.  Looking at them through my CPA glasses, I see that a person who holds that philosophy will buy a house, and then when it goes up in value, borrow against it to buy an other.

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We hope our articles were informative.  All questions, comments,and feedback are welcome.
Sincerely,
Rick E Norris 
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