Surf City Lawyers - December 2018

BANKRUPTCY IS ONLY THE BEGINNING

2 WAYS TO BUILD WEALTH NOWTHAT YOU’RE DEBT-FREE

After a bankruptcy is filed, processed, and completed, most individuals hope to apply improved spending habits to move forward with their lives. They budget better, purchase smarter, and plan proactively to create the financial future they envisioned for themselves. But why stop there? New financial standing creates an opportunity to build wealth and increase monthly cash flow. Here are two potential options to start with. TANGIBLE ASSETS Growing your wealth through tangible assets is most commonly done with real estate. By purchasing investment properties with little money down

in proper markets, savvy money managers can create monthly recurring revenue. Most of those who filed for bankruptcy ignore this option because the waiting period for a Federal Housing Administration loan is two years, but there are other avenues. Fundrise is a platform that facilitates crowdfunding of real estate investments, allowing everyone to reap the rewards of investments across the country. If real estate isn’t your preferred route, precious metals such as gold can be a safe, physical investment if appropriately researched. STOCKS Few of us are experts in how to work the stock market, but we don’t need to be. In many cases, exchange-traded funds or other investments

that yield monthly dividends can increase your cash flow. These should always be thoroughly researched after consulting with a professional, but even the simplest of returns can yield a tank of gas or a few groceries. You don’t need to limit your finances after bankruptcy. Being free of debt means you’re in control of your money. It’s crucial to understand that while new monetary standing creates opportunity, investing is not something to do on your own. Always enlist the help of a professional money manager and vet all sources thoroughly.

S U D O K U

BUTTERY ROASTED CHESTNUTS Inspired by Bon Appétit

INGREDIENTS

2 pounds fresh chestnuts, unpeeled

2 teaspoons kosher salt, or more to taste

2–3 sprigs rosemary

Pinch of freshly ground nutmeg

1/2 cup unsalted butter, melted

Freshly ground black pepper, to taste

DIRECTIONS

1. Heat oven to 450 F. 2. Place a large sheet of foil on a rimmed baking sheet. 3. On a large, flat workspace, place chestnuts flat side down. Using a sharp knife, carve an X on the rounded side of each chestnut. 4. In a large bowl of hot water, soak chestnuts for 1 minute. 5. Pat dry and transfer to a medium bowl. Add rosemary, butter, salt, pepper, and nutmeg. Toss to coat and transfer to baking sheet. Arrange in a single layer. Gather the edges of the foil together, leaving an opening at the top.

6. Roast until peels curl up, about 30–45 minutes. 7. Transfer to a platter and serve while hot or warm.

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