Do we really need another blog post explaining the 1% rule for real estate investing? Yes! Because I’m gonna explain it using examples with ridiculously expensive, multimillion-dollar beach houses that famous people live in. The 1 percent rule can be used in any city or state you are planning to invest in. It’s a general guide to quickly identify whether a potential
Is Health Insurance Worth the Cost? Because Daaaaaang, It’s Expensive!
When I mentioned a few months back that my wife and I haven't had health insurance for the past couple years, some of you thought I had lost my marbles. Thank you to everyone who emailed me their thoughts and were concerned about my family’s well-being. Some good news -- starting October 1, I am now eligible for employer sponsored health insurance. As a new employee, I don’t
Rental Property vs Stocks – Tracking Experiment Continued …
A couple months ago I talked about comparing rental property vs stocks, using 2 of my personal assets as examples we can track over time. One is a personal IRA account (backstory here) which is invested in a total stock market index fund. The other is a duplex rental property located in Texas (backstory here). On July 1st of this year, both of these assets were worth almost
A Dog’s Guide to Personal Finance 🐕
Happy Friday, you stunningly beautiful and handsome people! (I don't know what you actually look like in real life, but when I close my eyes and imagine, you're all gorgeous!) Today's guest poster -- Jesse from the Best Interest blog -- learned all his personal finance knowledge from his dog! Just kidding -- Jesse has a natural gift for breaking down complex personal finance
6 Ways My Parents Taught Me Financial Independence
Want to teach your kids financial independence? Here's how mine did! “Hey Mum, this is my friend Daniel from school.” “Nice to meet you, Daniel, and welcome to our home! Joel, do you want to wash the dishes, hang the laundry, or vacuum the house?” “Ah, Mum... Daniel came over to play. Can I pleeeeease skip my chores today?” “Nope. If you live in this house, you must do
Good Personal Finance Reads From Around the Interweb!
Happy Friday, y’all! Here are a handful of good reads and fun stuff for personal finance nerds from around the web recently … ***** How to sell feet pics online via Make Save Spend Give --- “Yes, people will pay you for feet pics. I know you have questions, maybe you don’t even believe that it’s possible. Trust me I just spent 10+ hours researching this stuff, it’s
Should I Refinance My Rental Property?
With interest rates so low right now, a question on every homeowner’s mind is, “should I refinance my mortgage?” And what about doing a refinance on a rental property? It takes a fair amount of effort to refi -- it’s just like qualifying for a brand new loan. There’s also hefty closing costs and fees... Is all that money and time worth it for a lower interest
Selling our car online … Are people even buying cars right now?
“Good luck, man. Nobody is buying used cars right now. You should’ve sold it six months ago before COVID happened.” This is what one of my friends said to me recently. 😔 And at the time I kind of agreed. With most people working from home and limiting their travels, I thought we’d have a really difficult time getting rid of our second car. Luckily, it turned out
My New 401k Plan … What’s Great (And Not So Great)
Woo hoo, it’s official! I’ve changed contracts at work and my new 401k retirement plan is being set up next month. I want to share with you guys the plan overview, cool and interesting things I learned reading the benefits brochure, sneaky fees and stuff to watch out for, and my brief chat with the plan administrator. 🤓 At first glance: Reading the boring 401k
How to Harness Your Emotions for Financial Success
[It’s typical for a financial advisor or money coach to tell you to “Leave all of your emotions out of financial decisions!”?... Well, today’s guest, Christine Luken, encourages us to consider the opposite! Instead of ignoring our money emotions, we can learn to harness them and use them as a tool to improve our financial situation!] ***** Harnessing Your Emotions for
