Real Estate

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 …

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Financial Regrets That Slowed My Path to FIRE

Financial Regrets That Slowed My Path to FIRE

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 …

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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 …

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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, …

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2017 Personal and Financial Goals

2017 Personal and Financial Goals

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 …

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Year End Review

Year-End Review

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 …

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With Multiple Income Streams Comes Great Power!!

With Multiple Income Streams Comes Great Power!!

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 …

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Downsize My House to Quit My Job Sooner?

Downsize My House to Quit My Job Sooner?

My wife and I are very happy with our neighborhood – we like where we live, we like our neighbors, and the schools are good. But I recently had a thought… the only thing holding me back from reaching FI (financial independence) is the dollars owed on my mortgage.  Granted, I’ll reach FI before the mortgage is completely paid off, but for my plan to work, those extra payments for a couple of years will make things a little tight.  So, here …

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There's No Easy Money

There’s No Easy Money

We’ve all seen ’em… the infomercials telling you that YOU can be rich by just following a few simple steps to buying real estate with no money down.  Think of it – none of your money is involved and soon enough you’ll be retired, sitting on the beach with an endless supply of piña coladas being served to you day and night.  Easy money… it’s that simple!! Wait – what?!  Who buys this crap anyway?? I do. Well ok, I …

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Protecting Yourself When Buying Rental Property

Protecting Yourself When Buying Rental Property

When I bought my first house back in 2003, I had plans to live there for a couple of years, fix it up, and then turn it into a rental property.  The idea sounded simple enough, but I ran into a lot of headaches along the way. I knew location was important, but I didn’t know where I should be looking.  I also didn’t know how to properly determine cash flow and ROI (return on investment).  And I didn’t take into consideration …

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