Anton Community Newspapers  •  132 East 2nd Street  •  Mineola, NY 11501  •  Phone: 516-747-8282  •  FAX: 516-742-5867
Intended comprare kamagra senza ricetta company.

Mike BarryEye on the Island

By Mike Barry
Attention: open in a new window. PDFPrintE-mail

Financial Harmony

With April 15’s tax-filing deadline looming, Warren Goldberg’s book on financial planning offers sage advice on many matters, including the benefits of home ownership.

“There are tax deductions available when you own your home,” Goldberg writes, “The interest you pay on your mortgage, as well as your real estate taxes, are in most cases tax deductible. When you compare a mortgage payment to renting with no associated tax deductions, your net monthly housing expenses are probably lower than you think.”

Goldberg, a mortgage planner and senior mortgage specialist at Blackstone Mortgage Corporation in Woodbury, is in the business of helping people finance residential and commercial property purchases, so he has vested interest in real estate sales. Yet he understands why renting remains the best option for some amid the current economic turmoil.

Now, let me get to the book’s title, which I’ve been assured was vetted prior to publication by Haylee Goldberg, a Jericho native, and Warren’s wife: The More I Make, The More My Wife Spends! The Couple’s Guide to Obtaining Financial Freedom And a Happy Marriage (Million Dollar Marriages, 2009). Given the sentiments expressed on the 226-page book’s cover, I told Goldberg during our recent conversation that an Oprah Winfrey television appearance was probably out of the question.

“The easy part of this was writing it,” Goldberg explained, saying he accessed almost 20 years of financial experience when putting his thoughts into words. “The challenge for most couples is balancing the idea of saving money for the future while also living your life.”

The Dowling College graduate, who grew up in Bethpage, offers compelling arguments about the pitfalls of relying too heavily on credit card debt and the importance of learning the difference between what constitutes an asset, as opposed to a liability (e.g., a new car).

Perhaps his most provocative arguments revolve around the way to pay for a child’s college education. “Every study I’ve seen has demonstrated that diverting retirement-destined funds towards your children’s college expenses is a bad idea. College-bound kids have plenty of financial sources to draw on for college, such as scholarships, grants, and student loans. However, no one is going to give you a scholarship for your retirement,” Goldberg writes.

Warren and Haylee Goldberg have reason to be thinking about college. It is on the horizon for their three daughters.

When they are old enough to read their father’s book, Goldberg’s daughters will see nothing in the text about them needing to pay off their own student loans. “It’s a conversation I’ll have with them once they get into college,” Warren said, with a wink of his eye.

Goldberg’s got a sense of humor, too. In a discussion about how your priorities change as you get older, he volunteered that, as a teenager, “I thought living with a houseful of beautiful young women would be a dream come true. Alas, now my home is filled with beautiful women—but it’s not quite what I had in mind,” he concludes, in a valiant, and somewhat successful, effort to overcome the problematic book title.

For more information on the book and its author, go to www.WarrenGoldberg.com or www.million-dollar-marriages.com.

Mike Barry, a corporate communications consultant, has worked in government and journalism. Email: MFBARRY@optonline.net