Self-Employment

Money Growing Up – I’m Not Taking a Paycheck This Month

Money Growing Up – I’m Not Taking a Paycheck This Month

Every family is different. And every family’s financial situation is different. Growing up in my family was unique as well. “I’m not taking a paycheck this month” were confusing words we’d hear periodically from my mom. We never fully understood what that meant or why at the time but we knew we’d be tighter on money for a little while. We weren’t poor but we were far from rich as well. Looking back, I would have thought we were lower-middle …

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Switching to Ezoic Increased My Ad Income by 628%!

Switching to Ezoic Increased My Ad Income by 628%!

I switched the ads on my website from Google AdSense to Ezoic a few months ago and I have to say that I’m astounded by the results! Seeing an increase in ad revenue of over 7x what I was making before is pretty crazy. Let’s start with this though – I’m not a big-time blogger. If you think this site was the catalyst for us to reach early retirement… yeah, not so much. The money we’re talking about is still …

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Net Income on Our Duplex Last Year… Negative $7,400!!

I might not be the smartest businessman, but I keep thinking that a negative net income in regards to your rental property for the year is not good. And just over $7,400 in the red makes it so much worse! Ouch, what the hell happened?! This duplex was supposed to be another stream of income that would help level out the bumps from rockiness in the stock market over the coming years.  Last year though, proved to be a particularly …

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Is FIRE the Finish Line or Just the Beginning?

Looking back on my own path to financial independence, I treated the whole thing like a race in my mind.  Reaching the finish line was the utmost important goal. As I continued to make more money every year through raises, I saved more and more.  But the other side of the equation is cutting expenses… and cut expenses we did! In my mind, if it wasn’t a necessity, I really had to think about if it made sense to spend …

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Book Review: Choose FI: Your Blueprint to Financial Independence

Choose FI: Your Blueprint to Financial Independence

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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8 Financial Tips I Wish I Knew When I Was in My 20’s

My nephew recently started reading this blog and it got me thinking.  What would be valuable information for him as a reader?  What do I wish I knew when I was younger? He’s almost 20 years old and he just started a career in construction probably close to a couple of years ago.  At his age, I know I wasn’t very smart financially.  Don’t get me wrong – I thought I was, but looking back, I made some stupid decisions. …

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Estimated Self-Employment Tax Used to Scare Me!

Estimated Self-Employment Tax Used to Scare Me!

I’m just going to say it – I have three very small businesses that I’ve been running for years and I’ve never paid estimated self-employment tax payments. Ouch, for shame, for shame! That’s right, I’m a complete failure in that avenue.  And that could have cost me, too. If you owe $1,000 or more come tax day in April, you might be hit with a penalty by the IRS.  In essence, it’s an interest penalty on the difference of what …

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Strategies We’re Using in Our Early Retirement Planning

Early retirement planning.  You’d think the closer we get to our FIRE date, the simpler things would become. I mean really – I’m leaving my job in just a few months so as I continue to train my replacement, my workload should start to diminish over time.  Plus, we’re downsizing to an apartment soon (if we could ever sell our house!). What else could there be, Jim?  How much early retirement planning do you really need?  Didn’t you already get these …

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So You Wanna Write a Book? Maybe I Can Help…

Ever had that thought periodically running through your mind to write a book?  I sure did. Then one day I just decided to do it. I had some great ideas to write a book based on technology.  I’ve been in the IT field as a systems engineer and now the engineers’ manager for almost 20 years now. However, my thoughts for the book were actually focused more on the simpler stuff that family and friends were always asking me about. …

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Can You Make Money Blogging? I Am.

Can you make money blogging?  It’s one of the first questions people tend to ask once they find out I have a blog. I’ve seen plenty of posts that make it sound like you can make a fortune by blogging.  Start a blog, put some ads on it, then just sit back enjoying piña coladas on the beach, while your steady flow of passive income rolls in. Jim, you’re giving me a look – are you saying there’s more to …

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