Blazing a Trail Towards Financial Independence
If you’ve followed this blog you know we have a rental property and that the tenants were leaving at the end of March. We’ve been debating about whether to keep renting or to sell the place once they have left. In early April, that decision became much simpler.
[Read more…] about The Rental Property Decision Becomes Clear
Wow. Where to begin? March felt more like a year in and of itself. If it was a roller coaster, we’d have thrown up and been begging to get off… and that was only after the first couple weeks. Truly, the world will be a different place after this month. Putting aside the global pandemic, open ended quarantines, the unprecedented cessation of the economy, and burgeoning unemployment rate, how did our finances do in March?
[Read more…] about Net Worth Update 28: March Madness
And just like that, another decade bites the dust. I started the decade as a recent college grad with nearly a net worth hovering near -$50,000 and almost zero financial IQ and ended the decade married, with children, a rental house, and a net worth over $500,000. What a ride!
Speaking of that net worth… wanna see how we did in December?
[Read more…] about Net Worth Update 25: The 2010s – In Like a Lamb, Out Like a Lion
People are weird creatures. Well, I can’t speak for you all, but I know that I am wired funky. Case in point: Nothing makes me feel better, and enjoy life more than challenging myself. Any day that I have ground myself to powder before dinner is a good day.
Recognition of this fact gives me the confidence to push my limits and reach my goals.
[Read more…] about Do the Hard Thing
The turkey is picked clean and all the leftovers are finally gone. I’ve loosened up my belt a notch or to. It must mean November has come to a close. Did we stuff our savings as much as we stuffed our faces?
[Read more…] about Net Worth Update 24: Two Years Down
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?