Net Worth Update 10: Fender Bender Edition
September is done. As far as I am concerned: Good riddance! It’s been an adventure to say the least and I am happy to welcome Fall! Grumpy commentary aside, how did we do last month?
[Read more…] about Net Worth Update 10: Fender Bender Edition
Decision Point: What to Do with the Rental Property?
Rental property: It’s a popular path to develop passive cash flow for many in the Financial Independence Retire Early (FIRE) community. When a property is purchased at the right location and for the right price it can certainly be a lucrative investment. But when that rental property is your former primary residence… and was not purchased with long-term rental in mind, the numbers can be a bit more dodgy. This is the predicament we here in the Heartland on FIRE household are in. We just renewed our tenant for 6 months and the clock is ticking on whether to keep renting or to try and sell the house. We can’t be the only folks who have faced this dilemma, so I figured posting our thought process and analysis may be a useful exercise for others.
[Read more…] about Decision Point: What to Do with the Rental Property?
Seeing the Opportunity in Adversity
“When one door closes,another opens; but we often look so long and so regretfully upon the closed door that we do not see the one which has opened for us.” – Alexander Graham Bell
When you are on the path to Financial Independence, Retire Early (FIRE) you need to be looking for every edge. This way of thinking allows FIRE seekers to uncover opportunities for savings and growth in everyday activities. Whether it be house or travel hacking, biking over driving, or making delicious home-cooked meals for pennies on the dollar, the FIRE lifestyle is centered around creative thinking for everyday issues. Housing, transportation and food are predictable everyday facts of life.
However, one facet of everyday life is not so predictable:
Adversity
How can FIRE thinking take advantage of that?
Escape the 9-5 Faster with the Boost-Glide Path to Financial Independence
Can you take cues from a rocket launch to enjoy the benefits of F.I.R.E. on an accelerated timeline? [Read more…] about Escape the 9-5 Faster with the Boost-Glide Path to Financial Independence
Net Worth Update 9: Paul Bunyan Edition
August came and August went. And with it, I now have a child in Kindergarten! What a mind job! While I begin to adjust to yet another reminder that I am getting old, let’s take a step back and dissect the month that was.