Have you ever wanted to be a real estate investor? That is buying property and renting it out? Do you ever wonder what real estate investing is like and if it’s something for you? You may have heard about the great things about real estate investing – having someone else pay your mortgage, making money each month, and having an asset that appreciates. Here are downsides to real estate investing. What you don’t hear about are the challenges with real…
When I think about real estate, I think about the home I live in, the home that I purchased for my family, and hopefully a home that it will appreciate in value. Buying a home to live in is an investment. Real estate is one of those assets that typically appreciates in the long run and when you do sell, hopefully you will see a gain. Real estate investing is what I consider a long term investment. When I hear…
Good-bye 2023, Hello 2024. Sometimes I feel that the new year is just a continuation and it really doesn’t feel new. Other times I feel like it’s symbolic to start something new, review your life journey, and make any adjustments. Here’s the plan for 2024. One of the GOAT things to do is to stay consistent. Continuing to practice good financial habits is key and if you can make it a permanent lifestyle, you will reach your financial goals. I…
Each year I look forward to the new year and where I should be focusing my attention. In 2021, I said that I would focus on Tesla even after it had a stock split. Tesla did well. I do believe the electric vehicle industry will continue to be strong so I’m not planning to sell any of my positions in Tesla. I do, however, believe 2022 will bring some volatility. With expected multiple interest rate hikes planned this year, inflation,…
The housing market is on fire right now. You might have heard that there’s a housing shortage. Along with that, interest rates are at record lows and there’s a push for remote working. With all those factors combined, people are selling high, buying high, and willing to pay more to get a home. In my neighborhood, homes for sale don’t stay on the market long and people are selling at a high price. This triggered a discussion between my wife…
Reaching financial independence (FI) isn’t easy. No one should ever think that it is not will it be quick. I was at me dentist appointment and was taking with the dental technician. We got to talking about work and the economy. She was thinking about moving closer to the dental office but the housing was too high even to rent. I told her about a couple of things I did that helped me to afford housing which she has actually…
One of the famous lines in Top Gun the movie with Tom Cruise (aka Maverick) is “I’m not leaving my wingman.” I can’t tell you how many times I’ve seen that movie but it’s one of my all time favorites. What does a wingman have to do with finances, FI, or FIRE? Having a financial wingman is like having a support buddy/system helping you. I’m surrounded by wingmen, my family specifically. We talk about finances all the time whether it’s…
When it comes to building a financial independent life, it’s doesn’t happen overnight. It is a long process, a transformation, and a life long journey. Do you want to change your financial status? Do you want to increase your income, decrease your debt, and start having a positive balance? Where do you start? You start with yourself. You need to look at yourself and start making changes. Change doesn’t happen overnight. When you are going to school, you don’t fast…
We come across opportunities available to us each and every day. We need to take off our blinders and notice them. Opportunities can be knocking on our door but it’s up to us to open that door. Once opportunities are gone, they may not come again so make sure to seize each opportunity. What opportunities am I talking about? It could be anything that helps your career, your relationships, your friendships, your financials, your network, your knowledge, your exposure, your…
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