I’m just going to say it – I have three very small businesses that I’ve been running for years and I’ve never paid estimated self-employment tax payments. Ouch, for shame, for shame! That’s right, I’m a complete failure in that avenue. And that could have cost me, too. If you owe $1,000 or more come tax day in April, you might be hit with a penalty by the IRS. In essence, it’s an interest penalty on the difference of what you should have paid and what you actually paid. And guess who gets to decide what that interest rate is? That’s right, the IRS does. For the second quarter of 2019, they’ve decided that the rate for underpayments will be
I like Andy Hill from the Marriage, Kids and Money site a lot. He’s a genuinely nice guy and I love that he focuses on finances as a family. I would guess that the majority of the folks we hear from in the personal finance community don’t have kids. That doesn’t necessarily represent everyone tuning in, but the voices tend to be less. Enter Andy Hill. Not only does he focus on improving family finances, but he loves to show that it definitely is possible to reach financial independence with kids. That’s an area I agree with wholeheartedly (obviously), but it’s also something I want others to know. It’s not a matter of not being able to chase financial independence
Ever heard of Google Voice? If not, know that this could be one of the best ways of staying in touch with family and friends while you’re living abroad. One of the small concerns we had was how to keep communication simple with everyone while we’re living in Panama. When we get there, we’re going to get Panamanian cell service for our phones. The problem is that gives us a Panamanian phone number. So if we call anyone in the U.S. or they call us, it’s an international call. That means some potential extra money for each phone call… and we know I don’t like that! Plus, we have to ensure that everyone has our new number, which can also
We all know that everyone loves to hear from my daughter on here more than me. So I thought that this time I’d bring her back as an interviewee. Most of you think that our plans to move out of the country later this year are pretty bold but cool (albeit, a little crazy). But the problem is that you’re only getting my perspective on our upcoming plans. And I know a lot of you want to know what the rest of the family is thinking. So today, I’m presenting an interview I did with my daughter, Faith, to talk about our July plans as well as our upcoming move to Panama in August. Hopefully, I can get Mrs. R2R
A lot of you already know that Joe from Retire By 40 was my inspiration for heading down the path to FIRE. He gave me the kick in the pants I needed to realize that early retirement was possible. I took a week off of work when my daughter was born in 2010. When I had to go back to work after that and couldn’t be with her throughout the days after, it crushed me. I struggled, but I thought that was just the way it goes. But then, a couple of years later, I stumbled across the Retire By 40 blog and was blown away. There were a lot of similarities between our lives and that gave me pause.
Living a healthier lifestyle is something we all want. We know we’ll feel better. We know we’ll likely live longer. Heck, we’ll probably even look better! And it’s not like reaching a healthier lifestyle is some complex formula that we just can’t understand. It’s a simple process and we’re all familiar with the gist of what needs to be done: Eat foods that are better for you Get off your butt and exercise more Drink less beer (it hurts just to say it!) or other alcohol Minimize high stress Get enough sleep each night Unfortunately, for most of us, it just doesn’t happen. Why not? What’s keeping us from following these simple guidelines? It’s different for all of us, but I