2019 is in the books. As always, I like to look back on the year that was, and take stock of our spending. Anyways, for better or worse here is what happened.
[Read more…] about Our 2019 Spending: Exposed!Our 2019 Spending: Exposed!
Smart Spending
Cash or Finance – How Should I Buy Rental Property?
I have an infatuation with real estate. I love researching and working on houses. As part of this interest, rental real estate is something I want to incorporate into our investment strategy. We currently have one rental property, which is the first home I bought and just never sold. But I want more. The “relatively passive” income from real estate is very appealing. The sooner we can get the rental snowball rolling the better the benefits will be.
I’ve been debating whether we should purchase the next one with all cash or by financing. I figured I might as well put my thought process out on the blog for transparency.
[Read more…] about Cash or Finance – How Should I Buy Rental Property?How We are Teaching Our Kids to Be the Millionaires Next Door
Financial responsibility is a trait that can be taught from an early age. Setting positive examples is critical to help your children begin to develop a mindset of financial responsibility that can set them up for life.
[Read more…] about How We are Teaching Our Kids to Be the Millionaires Next DoorWhich Rewards Credit Card is Right for Me?
Credit card rewards are a great way to travel the world at a discount or earn cash back from your normal spending habits. While it’s nice to earn points or miles as you spend, the largest benefit comes from card sign up bonuses. My wife and I both met our bonuses on our Chase Sapphire cards earlier this year and now I am on the hunt for a new card. Read along if you are interested in getting inside my head while I evaluate the options.
[Read more…] about Which Rewards Credit Card is Right for Me?Net Worth Update 21: Debt Eraser Edition
Between the start of school and two vacations, August was a whirlwind month. The moving and shaking also carried over into our finances. So what happened?
[Read more…] about Net Worth Update 21: Debt Eraser EditionWe Just Bought Another Car. Are We Nuts?!
The big news around the Heartland on FIRE household recently is that we bought another new car. You heard me right. We pulled the trigger on a new car for my wife just a year after replacing my truck with a new car. That sure sounds like it goes against our quest for Financial Independence (FI). So have we lost our minds? Why did we commit another FI Faux Paux?
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