article thumbnail

Why Save Money in a Low Interest Rate Environment?

Prairie Eco-Thrifter

My grown kids are also savers and I have high hopes that the grandchildren will follow their example. Helping the parents teach my grandchildren to save is an ongoing project of mine. Lastly, being a saver sets an example for your children (or grandchildren) to model. Saving is a prerequisite to becoming an investor.

Money 124
article thumbnail

How is Your Vacation Rental Doing?

Prairie Eco-Thrifter

It seemed reasonable to devote a greater portion to real estate, in order to further diversify our portfolio. Wouldn’t it be fun to have a place where our sons, their wives and our grandchildren could come together to play, visit and bond? Diversify our investment holdings. We only own one home, no land, no rentals.

Vacation 124
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

11 Things I learned After Owning a Vacation Property

Prairie Eco-Thrifter

I wanted a place for our family to gather – adult children and grandchildren along with us. I also wanted a bit more diversification in our portfolio and figured an additional piece of real estate could help that. That gave me the idea to start looking around for one too.

Vacation 100
article thumbnail

How to Have Your Cake and Eat It Too

Prairie Eco-Thrifter

According to the New York Times , Jackie Onassis put the bulk of her estate in a charitable lead trust that paid out for 24 years, following which, anything left would go to her grandchildren. That same Times article explains it this way: “Michael O. Giving: Does It Always Have To Be About The Money? Give Back Money Tips'

Cake 201