The Downsides of Moving to Another Country

The Downsides of Moving to Another Country

Although we’re ecstatic about this new adventure we’re embarking on, it’s worth noting that there are some downsides of moving to another country. That’s right – in just a couple of months in August of 2019, we’ll finally be making our move to Panama.  It’s exhilarating and just a little scary at the same time. We’ve been preparing for this for several years now, but wanted to reach FIRE before we made it happen. It’s crazy to think that this big leap is right around the corner.  This is the last month on our short-term apartment lease before we’re “homeless.” Then, about a month and a half later, we’ll be on a flight to Panama!  We’ll stay at a place

Why Not Keep Working and Saving? Are You Stupid?

Why Not Keep Working and Saving? Are You Stupid?

I’m only 43 years old right now (Ok, fine – I’m pushing 44!).  But this is still prime time to continue on with my career.  If I were to keep working, I could build up an even bigger and more secure nest egg. So why don’t you do that?  Why did you leave your job and retire early?  Are you stupid or just lazy? Haha, talk about cutting to the chase! I actually love when others ask me questions about our plans because it gets the conversation going about financial independence. Personally, I don’t feel like everyone needs to retire early from their jobs.  If you enjoy what you do, more power to you.  But I do feel that financial

Relocating to Panama – Awesome Apps We’re Using

Relocating to Panama - Awesome Apps We're Using

Relocating to Panama has become a much bigger undertaking than we anticipated.  In an earlier post, I discussed some of the tasks we’ve been working on as we get closer to the day of our move. Today though, I thought I’d lighten things up and talk about some of the tools we’ve been using in preparation of the move. My nerdy side loves to find useful new apps and websites and hopefully, you do, too.  More importantly, I love to find FREE apps and websites, which most of these are! Some of these are apps we’re using to help us in the preparation of the move.  Others are tools that we have in place to make life easier once we

Homeschooling Research… Aarrgghh!!!!

Homeschooling Research… Aarrgghh!!!!

With the Panama adventure around the corner, one of the big tasks on the list has been homeschooling research.  Until we decide we want to pursue residency in Panama, we’ll need to leave the country periodically to comply with tourism laws. Because of that, it makes more sense for us to homeschool our daughter for at least that first year.  The good news for me is that Mrs. R2R has taken on the challenge over the past several months of doing the homeschooling research. I’m happy she took the time to put together a post on how things are going.  We’re complete newbies to this area so I think that can be helpful for others interested in this topic.  It’s

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

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. So, like any old man, I almost feel obligated to pass along some of the knowledge I wish I knew back then to help him out.  And yeah, 43’s not that old, but I’m not getting any younger! Do you

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 you should have paid and what you actually paid. And guess who gets to decide what that interest rate is?  That’s right, the IRS does.  For the second quarter of 2019, they’ve decided that the rate for underpayments will be