Debt

Is It a Smart Idea to Pay Off the Rental Property?

Is It a Smart Idea to Pay Off the Rental Property?

34 Comments / Debt, Investments, Real Estate / By / August 11, 2020

I’ve been salivating over these insanely low mortgage rates out there right now. But I never even thought that another option might be to just pay off the rental property. Today I want to tell you about how I went from unsuccessfully trying to refinance to considering that maybe I just pay off the rental property. It even involves a discussion with the one and only Clark Howard! There’s always discussion in the real estate world about whether it makes …

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We Got Turned Down for a Credit Card… Ok, Four!

16 Comments / Debt, Spending, Travel and Vacation / By / February 3, 2020

Yeah, getting turned down for a credit card isn’t a good feeling. It doesn’t matter that Lisa and I each have credit scores of over 800.  It doesn’t matter that we have plenty of credit cards already and don’t really need another. We also have more of an unused credit line spanned across all our cards than we’ll never need.  And then, of course, there’s that little piece of info that we’ve saved up enough money that we never have …

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This Bad-@#$ Expenses Spreadsheet is My Gift to You

This Bad-@#$ Expenses Spreadsheet is My Gift to You

14 Comments / Debt, Saving, Spending / By / February 3, 2020

I’m super excited about a new expenses spreadsheet I’ve been working on that I think you’re gonna love. And this ain’t just any old expenses spreadsheet – it’s focused on your recurring expenses. If you’re like me, you’re familiar with those times when you make a big purchase and have buyer’s remorse shortly after.  It happens. But those are the easy cases – it’s a one-time purchase and it’s staring you right in the face. The tougher problems to solve …

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Book Review: Choose FI: Your Blueprint to Financial Independence

Choose FI: Your Blueprint to Financial Independence

2 Comments / Debt, Education, Financial Independence / Retire Early (FIRE), Geoarbitrage, Investments, Product and Service Reviews, Real Estate, Saving, Self-Employment, Spending, Taxes and Financial Planning / By / October 1, 2019

I don’t normally write book reviews on this blog, but I’m making an exception for the new Choose FI book.  I was expecting my opinion to sway one way with the book but my impression after reading it went in a completely different direction. Chris Mamula is the author of Choose FI: Your Blueprint to Financial Independence (along with coauthors Brad Barrett and Jonathan Mendonsa).  If you’re not familiar with Chris, he retired in 2017 at the young age of …

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My Credit Score Dropped – Should I Worry?

12 Comments / Consumer Protection, Debt / By / March 9, 2020

Should I be concerned that my credit score dropped recently? I mean, after all, your credit score helps financial institutions define your reliability in the world of finance.  It’s like your report card to see how you’re doing. A great score likely means you’ll get better rates when applying for a loan.  A bad credit score usually equates to a higher rate – if you’re able to get approved at all. I’ve always maintained a good score, even when I …

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After 20 Years on Quicken, I'm All-In on Personal Capital

After 20 Years on Quicken, I’m All-In on Personal Capital

30 Comments / Debt, Product and Service Reviews, Saving / By / March 9, 2020

I’ve been using the Personal Capital financial software now for the past few years.  However, I’ve only been dipping my toes in with it… until now. Quicken’s been my go-to software for just over 20 years.  I stumbled on it back in 1999 when I first started at the career I just retired from.  I was hired in as an engineer to fight the scary Y2K bug and Intuit was giving away their Quicken 98 software for free as a fix to …

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Money Throughout My Life

Money Throughout My Life

17 Comments / Debt, Financial Independence / Retire Early (FIRE), General Thoughts, Saving / By / September 24, 2019

Money.  We all know its importance or you wouldn’t be reading this post. Whether you like it or not, it’s what the world runs on.  You could opt out of playing the game and become a hobo, but there are very few of us that can live happily ever after in that position. You can’t let money rule your life, but it’s important to understand its role.  Once you can control your capital instead of it controlling you, you’re one …

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There is a Secret Formula to FI, But It Ain’t No Secret!

18 Comments / Blogging, Debt, Financial Independence / Retire Early (FIRE), Investments, Motivation, Saving, Spending / By / September 24, 2019

Everyone likes a secret, but a secret formula?  Even better! Now that we’re only a few months out from me quitting my job, we’re starting to share the news more with friends and family. A lot of them seem to be a little confused, but then we talk about our planned move to Panama and it takes most folks to a level beyond comprehension. Eventually though, we tend to get past that initial shock.  And then the “bold” ones out there …

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Why You Truly Need to Get Out of Debt

18 Comments / Debt, Financial Independence / Retire Early (FIRE) / By / September 24, 2019

It’s nothing new to hear that if you’re in the red, you should make it a priority to get out of debt. Let’s face it, debt sucks.  We all know it, but here in the U.S., we just can’t seem to stay away from it. NerdWallet states that the average household that has credit card debt is carrying a balance of $15,654… ouch. And that doesn’t even count other forms of debt – mortgages, car loans, student debt, etc. Ok, …

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What to Do with Your Money Right Now

6 Comments / Debt, Financial Independence / Retire Early (FIRE), Investments, Saving / By / September 24, 2019

We’re in an interesting cycle of the economy right now.  Things are looking good, which helps boost the value of your money.  When it comes to investments, stock prices and property values are generally up. And if you’re selling, that’s a good thing.  Retirees and folks selling their houses or some of their stock investments are partying it up during these times. However, if you’re still in the wealth-building phase of your life, this isn’t as exciting.  Sure, it makes …

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