Do you pay it? If so, should you STILL be paying it? Maybe. Maybe not. Worth a call. Homes have appreciated in value a LOT the last few years. If you have Private Mortgage Insurance (PMI), it's insurance that literally does NOTHING for YOU. It's insurance for the lenders, in case you default. People with PMI are risky to lend to, because they put down a low amount in cash, which the banks find risky (i.e. "Person A could only afford to put down 5% of the payment, which means they may have a tight budget and won't be able to afford ongoing payments). Lenders pool thousands of contracts, knowing that statistically, a small percentage of folks will default. The PMI payments that YOU make covers the defaults of those loans. Again, PMI does NOTHING for YOU. So get rid of it as quick as possible. Generally, you need to own 20% of the home's equity to qualify to drop PMI. Home appreciations going up means a home you put 5% down a few years ago, may have increased to a 20% or more equity ownership for you...but the banks don't automatically keep track of this. You may need to get an appraisal. Do your homework, but you may save hundreds in PMI payments by doing 15 minutes of work. Anyone need help with this? Fire away in the comments!

A little teaser of my Investment Course coming out *hopefully* in December (100% free, no additional charge 😘). Follow along, we're gonna LEARN YOU UP with investing basics! https://www.loom.com/share/97d794fb7e1540c4bec0fdedef91a727 Give me the goods, bads and uglies on feedback. I want this course to NAIL the mark.

Should you invest in ONE account, or multiple accounts? Does compound interest lose it's benefits if you spread your money out? The answer? NO!! Let's look at an example: If you had a $1 in one bank account, and that dollar earned 4%, you would earn 4 cents total. Now if you had a quarter in 4 different bank accounts, and all those accounts earned 4%... Each quarter would have received a penny's worth of interest. 4 pennies...4 cents. Same as having one account. NOW...I'd suggest buttoning up those accounts. Generally speaking, you should try and only have one bank account (ideally a bank that allows you to have sub accounts so you can make separate goals and see the different buckets, i.e. Emergency Fund bucket, new home bucket, etc). And ANY business you own should have it's OWN bank account. Do NOT intermingle accounts or the accounting get's very very messy.

Fun (and factual) little investment scenario: If you came into a large sum of money...i.e. A $50K commission check... Would it be better to put it ALL in the stock market immediately? Or spread it out (Often referred to as Dollar-Cost-Averaging)? The answer: Put it ALL in the market immediately. At least, this is the answer about 2/3 of the time. Typically there is about 3.5 yrs between "bear markets." Meaning, more often than not, the stock market is rising, so if you got in early (i.e. invest immediately vs wait), you are more likely, more of the time...to have a larger sum of money by the end of year when investing that commission check immediately. Now go out there and get those commission checks. 😉