Selling a House… It’s the Reason I’ll Never Buy Another

Selling a House... It's the Reason I'll Never Buy Another

Selling a house.  Selling our house.  It sounded easy enough and we needed to consider doing that as part of our plan to move to Panama next summer. We thought about keeping it and renting it out, but after discussing the options with our financial advisor, it actually made more sense to sell it.  We have a lot of equity in it and we’ll need that money to cover our first five years during our Roth IRA conversion ladder. That said, we’re not moving to Panama until next summer so we can let our daughter finish out the school year.  So why not wait and just sell the house in the spring? That was initially the plan, but with the real

The Three-Year Blog Post… Finance Lessons Learned

The Three-Year Blog Post... Finance Lessons Learned

3 years.  That’s what this blog post marks… three years of blogging on Route to Retire. For new bloggers, this might sound like a long time.  However, I look at some of the others out there who have been doing this for over a decade – like J.D. Roth at Get Rich Slowly or J. Money at Budgets Are Sexy.  It’s then that I realize I’m still somewhat of a rookie in the blogosphere. I’ve consistently posted a minimum of once a week (haven’t missed a week yet!) and I’ve seen a steady increase in both readers and blog income. On last year’s anniversary, I talked about what I’ve learned about blogging.  That seemed to help a lot of newer bloggers out.

Buying an Investment Property? Here’s Why I Sold Mine

Buying an Investment Property? Here's Why I Sold Mine

Buying an investment property might be one of the smartest things you can do… if you do it right. Most of my money is in the stock market because of the ease of investing in it, the company match offered, and other incentives.  However, I don’t fully trust it. The biggest reason why is that you don’t really have control over what happens.  Sure, you can choose your specific investments, but it’s not up to you to determine if that stock will go up or down. When you’re buying an investment property, though, you have the ability to determine your own path.  If you understand the numbers, you can put yourself in a position where you’ll likely be successful. We

Property Management Companies – Why I’m Firing Mine

Property Management Companies – Why I’m Firing Mine

Ah, property management companies – the answer to anyone wanting to get into real estate without the headaches, right? The thought makes sense.  Rental properties are a great way to help diversify your investment portfolio and earn a solid cash flow. The only problem… managing the properties. Now, some folks like the idea of running the operation and handling any repairs themselves.  The good news is that they tend to make more money on their properties every month since they’re doing all the work. However, not all of us want to do this.  The other side of the coin has the masses that just want the investment for the returns it can provide. These folks want someone else to handle

Business Opportunities are Everywhere!

Business Opportunities are Everywhere!

When I was younger, I used to think that a lot of the business opportunities out there weren’t for me.  Maybe they weren’t worth the effort or they would take too much money to start. As I’ve gotten older (and a little smarter), I’ve realized that’s not the case.  It’s simply a matter of just opening your eyes and then plucking out those opportunities. A number of years ago, I started playing FreeCell on my phone when I get a few minutes of time here and there.  Since most games take me under 5 minutes, it’s a perfect filler for me.  I found an awesome solitaire suite years ago and have carried my stats with me from phone to phone.

What I’m Doing With My Money Right Now

What I’m Doing With My Money Right Now

I’m pretty excited to see that our net worth has grown over $70,000 in just three months since I wrote the post $1 Million Net Worth… Now What?.  It’s great to see my money continuing to grow, but there’s still a downside to it. Most of the money is tied up in the stock market right now and it’s a bull market right now. No one has a crystal ball to tell us if this is only the beginning.  The gains could just keep rolling in for years to come.  It’s also possible, however, that we’re at the top of the market and a recession is just around the corner. I don’t know what’s going to take place in the