So, I had been talking with one of my mentors a couple of months ago and we got on the subject of taxes… particularly taxes regarding rental property. If you’re a regular follower of my site, you know that I currently have one rental house and I’m looking for a second so this was an important topic for me. My friend that I was talking with has five rental houses and is extremely savvy when it comes to the financial details …
You’ve been doing well with your finances. You don’t have any car loans or credit card debt. You’ve been socking away money in your 401(k), Roth IRA, and other investments. Now you’re looking for more avenues to help put yourself in a better position with your money. Eventually, you start asking yourself that one question… the one that can really stir up some good debate… Should I pay off my house early if I can? On one hand, you have that huge feel-good aspect …
Today I’m getting slightly off track because I need to rant and, well, it’s my blog so I’m going to go for it! Ok, first off, maybe four weddings is an exaggeration… I have three to go to in the next month. And maybe it’s not really going to be my funeral, but it sure feels like it! Here’s the problem… Wedding number one is out-of-town – it’s in the big city… New York City. I hate the big city. …
If you’re reading this right now, you’re most likely either looking for a way to retire early or you already have a plan in place. Either way, the thought repeatedly comes to my mind of ways to make retiring early happen even sooner. I run an interesting gamut of being frugal with most things but still splurging by taking cruises and other fun vacations on a regular basis. It drives me nuts to waste money on things I have the ability …
Should You Compromise Your Lifestyle to Retire Even Earlier? Read More »
