Filtering by Tag: New York

Do You Have Lazy Money?

Is your cash lazy? Or is your money helping you get somewhere?  One of the major ways we see our clients fall victim to lazy money is via paying to rent instead of paying to own. Owning a home allows for your money to appreciate and gain value over time as well as help reduce your tax burden.  And, owning in New York can often be the same price per month as renting. 

Don't believe us? Take for example the new, luxury Brooklyn development, 550 Vanderbilt. A studio purchased there with 30% down will yield around a $2,488 monthly payment with mortgage and common charges.  The rent for a similar unit in the same exact building is $2,500.  And while the costs are the same, the person paying to own is building equity, investing in their future net worth, and reducing their tax burden. 

So the choice is yours:

Do you want lazy money, or do you want to make your money work for you? 

 

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One Book, One New York

Imagine taking the train to work one Monday morning and everyone on the train is reading the same book.  That is what the Mayor's Office is hoping will happen as they aim to start what would be the America's largest book club!  With the initiative called One Book, One New York, the city hopes to encourage all New Yorkers to read the same book and engage each other in conversation about the book.  Currently, the city is taking votes on what everyone wants the book to be.  The choices are: The Sellout by Paul Beatty, A Tree Grows in Brooklyn by Betty Smith, Americanah by Chimamanda Ngozi Adichie, Between the World and Me by Ta-Nehisi Coates, and The Brief Wondrous Life of Oscar Wao by Junot Diaz.  Click here to read about the books and cast your vote!