Income - Show Me The Money!

I have learned a few things about money and finance, debt and credit, and all that stuff. I feel I have a unique perspective on it having been in all sorts of financial situations, bad and good.

I think a lot of advisors and experts would disagree with most of my perspectives, so don't take ANY of this as financial advice, I'm just sharing my thoughts and experiences.

  • Always pay your bills on time, pay health bills last if you have to prioritize

  • Setup autopay to pay the minimum on your debt

  • Use "debt snowball" to send extra to smallest debt first, roll into next, and so on

  • A new car lease is cheaper, safer, more reliable, has no surprise repair payments, is under warranty, and is better than hoping a $1000 junker will get you to work safely

  • Buy a home as soon as you can in a nice area with a good school district, even if you don't have kids - buy a condo or townhouse if you cannot afford a single family home

  • With 3.5% down via FHA loan, you can buy a 4 unit building if you live in 1 unit for at least a year and likely live there for free as long as the other 3 units are paying rent - rinse and repeat each year

  • Always pay enough into retirement to at least get your employer's matching percentage - do not pass up free money!

  • More to come!

Mike Kramer at Hoover Dam

Consulting in London - on bridge near MI-6 building

Businesses I've Owned

  • IT & Cybersecurity Consulting

  • E-commerce - Online Bass Guitar Store

  • Travel Agency

  • Loan Signing Agent

  • Real Estate Agency

  • Affiliate Marketing

  • Digital Information Products (courses, PDFs)

  • Digital Marketing, Automation & Ai

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Mike is a Fractional CTO and cybersecurity advisor helping businesses improve security, optimize technology, and make smarter IT decisions.

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