Real Estate

The Surprisingly Boring Career Path That Brought Us to Financial Independence

The Surprisingly Boring Career Path That Brought Us to Financial Independence

23 Comments / Motivation, Debt, Education, Financial Independence / Retire Early (FIRE), Real Estate, Saving, Self-Employment / /

There tends to be a stigma in society that you need to own a company, become some big real estate mogul, be a celebrity, or just come from money in order to find your way to financial independence. So then we like to come up with excuses reasons as to why we can’t do that ourselves… “If I was in that position, it would be easy! No way I can do that because of xxxxxxx [insert whatever rationalization you want […]

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Renting an Apartment With No W2 Income as a Retiree

14 Comments / Life in Early Retirement, Blogging, Real Estate / /

Not having a W2 income was one of the things that made me a little uneasy when planning for early retirement. Would renting an apartment or getting a mortgage for a place be a massive headache? My concern stands that when you need to open a new line of credit or fill out a rental application, one of the expected questions for you to answer is “what’s your annual income?” For the most part, we’re living off our portfolio income.

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The Fascinating Reason We’re Traveling Over 500 Miles To Buy All Our Furniture

The Fascinating Reason We’re Traveling Over 500 Miles To Buy All Our Furniture

27 Comments / Life in Early Retirement, Real Estate, Spending, Travel and Vacation / /

Yes, you read that right – we’re going to be traveling over 500 miles just to bring furniture back to our place… an apartment we don’t even have yet. After two years and eight months of living in Boquete, Panama, it was time to move back. We took a bus to Costa Rica, traveled to Ajijic Mexico where we spent 8 nights, and then enjoyed 3 nights at an all-inclusive resort in Cancun that surpassed our expectations. As of last

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The Rent vs Buy Dilemma… Does It Matter?

The Rent vs Buy Dilemma… Does It Matter?

28 Comments / Real Estate, Debt, Financial Independence / Retire Early (FIRE), Investments, Life in Early Retirement, Saving / /

One of the most debated topics in the personal finance space revolves around the question of rent vs buy. On one side of the fence, you have the folks marching to the beat of, “You’re throwing money away when you rent… when you buy, you have something to show for it down the line.” And on the other side of the fence are those that say, “Yeah, but renting can cost a lot less money with excess to be invested…

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The 10 Most Popular Posts of 2021… That Aren’t Fritz’s

The 10 Most Popular Posts of 2021… That Aren’t Fritz’s

6 Comments / Blogging, Financial Independence / Retire Early (FIRE), Investments, Kids, Panama, Real Estate / /

I was trying to decide what to write for this week’s post. Then I ran across my friend Fritz’s recent post, The 10 Most Popular Posts of 2021. That seemed like the perfect way to end the year… so I stole his idea! Ok, I didn’t really steal it. I reached out to Fritz to see if he’d be ok with me writing a post of my own like his… and he was just fine with the idea. See? We

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Doing Your Own Taxes and Planning… or Die Trying!

Doing Your Own Taxes and Planning… or Die Trying!

10 Comments / Taxes and Financial Planning, Financial Independence / Retire Early (FIRE), Investments, Real Estate, Self-Employment / /

I’ve bounced back and forth over the years in preparing my own taxes or having a CPA handle the job. If you’re using TurboTax, H&R Block’s software, TaxSlayer, TaxAct, or some other software when doing your own taxes, you’re already familiar with how they’re relatively easy to use (except when they’re not). But if you’re trying to do financial planning along the way that might affect your taxes, running solo can be a struggle if you don’t know the ins

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Estate Planning 101 – Getting Your Affairs in Order

Estate Planning 101 – Getting Your Affairs in Order

3 Comments / Estate Planning, Insurance, Investments, Product and Service Reviews, Real Estate / /

I just finished reading a book called Estate Planning 101 by Vicki Cook and Amy Blacklock. If you haven’t gotten your affairs in order yet, this book can really help get you on track. You can check out the book here. Let’s be honest – estate planning isn’t the most exciting topic. That said, it might be one of the most important subject matters you ever focus on. I dug into this quite a bit in 2013, a few years

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The FIRE Planner – A Solid Start in the Quest for FI

The FIRE Planner – A Solid Start in the Quest for FI

3 Comments / Financial Independence / Retire Early (FIRE), Education, Geoarbitrage, Investments, Product and Service Reviews, Real Estate, Saving / /

I just finished reading a really good book. It’s called The FIRE Planner and it might be a great asset for those ready to get on the path to financial independence or those who are already on it. The FIRE Planner was written by a friend of mine named Michael Quan. I met Michael at one of the FinCon money conferences a few years ago (I believe it was the 2017 expo in Dallas). It seems like FinCon events are

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We Have a Lot of Cash in Hand Now… Too Much!

We Have a Lot of Cash in Hand Now… Too Much!

37 Comments / Investments, Financial Independence / Retire Early (FIRE), Real Estate, Saving, Taxes and Financial Planning / /

Having cash in hand is a good thing. Whether it’s for an emergency fund or money you’re saving up for something short-term like a car, having money at your disposal is a good thing. But there’s a limit to that goodness and having too much cash in hand can absolutely be a problem. When you have money sitting in the bank, it’s earning a little bit of interest (a real little bit in this day and age!). However, that interest

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Owning Rental Properties Is Smart, but I’m Out, Jack!

Owning Rental Properties Is Smart, but I’m Out, Jack!

38 Comments / Real Estate, Debt, Investments, Saving, Taxes and Financial Planning / /

That’s right, folks – after owning rental properties since 2003, I’m now completely out of the game! In 2018, I sold the house I had bought as an investment property in 2003. And just a couple of weeks ago, we closed on selling the duplex we had purchased in 2015. Here’s the weird part – if you’ve been following my blog over the years, you know that I’m a strong advocate of owning real estate rentals. Each property can provide

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