Financial Regrets That Slowed My Path to FIRE

Financial Regrets That Slowed My Path to FIRE

Disclosure: This post contains affiliate links and we may receive a referral fee (at no extra cost to you) if you sign up or purchase products or services mentioned.Financial regrets, I’ve had a few… As I guy in my early forties, I sometimes take a moment here and there to reflect on how my path in life has gone.  I don’t dwell – I just try to look back at my mistakes and learn from them to make for a better future. And maybe the “regrets” part of “financial regrets” is a little excessive.  If you’re a regular follower of my blog, you know that we’ve recently surpassed the million-dollar net worth mark. We’re in good financial shape right now and now we’re just continuing down

The Secret Ingredient to Making Money With Real Estate Rentals

The Secret Ingredient to Making Money With Real Estate Rentals

Let’s be honest, the idea of making money with real estate is intriguing.  Even if you haven’t gotten into the real estate game, you likely know or have heard that rental properties can be a great investment. There are some great advantages to owning rental property, but is there really a secret ingredient to making money with real estate rentals? There’s definitely an essential secret sauce, but here’s the deal – it’s not really that much of a secret.  In fact, you’ve probably heard it before… You make your money when you buy your rental property. And by that I mean, if your end game is to be making money with real estate rentals, your calculations need to be correct out of the chute or you’re probably

Protecting Your Assets

Protecting Your Assets

So, you’re going down the right path on the road to financial freedom slowly but surely, but you want to make sure that you’re protecting your assets in the meantime?  Well, hopefully, this post will help you with some ideas! I’ve noticed that as I’ve started to build up my assets, my needs have started to morph as well. I now have rental properties, multiple LLCs, and growing and expanding savings, investment, and retirement accounts.  And, as the accounts continue to grow, a lot of the money is starting to work more for me instead of the other way around. But, I now have a lot more to lose than when I first started down this journey.  Making sure that I don’t

2017 Personal and Financial Goals

2017 Personal and Financial Goals

Disclosure: This post contains affiliate links and we may receive a referral fee (at no extra cost to you) if you sign up or purchase products or services mentioned.Well, it’s 2017, which means it’s time to take stock of how your previous year went, but more importantly, you should set your sights to the future and get your personal and financial goals put in place for the year. Here are my plans for the year… My 2017 Financial Goals   Buy another rental property Buying rental property is an important stream of passive income that I’m working on building.  Currently, we own a couple of rental properties – a single-family house and a duplex.  They’re both filled and the duplex brings in a much better

Year-End Review

Year-End Review

Disclosure: This post contains affiliate links and we may receive a referral fee (at no extra cost to you) if you sign up or purchase products or services mentioned.Well, this is it – the last post of the year.  I hope all of you had a great holiday and are looking forward to the new year!  I thought this would be a good time to do a year-end review and look back at what I got accomplished throughout the year (and what I didn’t!). Let’s start with the 8 Financial Goals we had set at the beginning of the year for ourselves… 1) Build back up our online savings After the 25% we put down on the duplex we bought at

With Multiple Income Streams Comes Great Power!!

With Multiple Income Streams Comes Great Power!!

Disclosure: This post contains affiliate links and we may receive a referral fee (at no extra cost to you) if you sign up or purchase products or services mentioned.I thought today we’d talk about little bit about how having multiple income streams can help to fortify your wealth as you continue your path toward financial independence. From the time I was six years old, my mom raised my brother and I as a single mom and did a pretty good job if I do say so myself! 🙂 One of the things I remember as a kid was that we each had our own savings account at an old savings and loan bank.  We had the little books that they would stamp anytime we made