Search Results for: early retirement

Rental Properties: The Investment Case To Buy More Today

Owning rental properties only ranks fifth out of my eight best passive income sources mainly due to scoring low on the Passive variable. Managing tenants and dealing with maintenance issues can be stressful. However, with stubbornly high inflation and strong demographic trends, the value of rental properties should increase long term. As inflation stays elevated,

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Things I’ll Teach My Daughter: Pay No Attention To A Guy’s Fancy Car And More

Back in 2016, I wrote this post expecting I was going to have a daughter. Therefore, I started thinking about the various things I’d teach my daughter involving personal finance. I was nervous about how to be a first-time dad, especially to a daughter. I had one friend in her early-30s perpetually go in and

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A Wonderful Life: One Spouse, Two Cars, Three Houses, Four Jobs

Want to have a wonderful life? There’s a simple personal finance mantra everybody should consider following: one spouse, one car, one house, one job. The idea is that if you stick with one of everything, you’ll maximize its usage, minimize extraneous expenditure, and live happily ever after. We get in trouble when we want too

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Measure Your Financial Security By Calculating Your Debt-To-Cash Ratio

The best way to measure your financial security is by calculating your debt-to-cash ratio. Having a lot of debt lowers your financial security. Whereas having a lot of cash increases your financial security. The lower your debt-to-cash ratio, the strong your financial security and vice versa. Using debt to buy a house that is appreciating

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What Is Considered Passive Income? Analyzing Stock Sales And Windfalls

Generating enough passive income to cover your desired living expenses is the holy grail of personal finance. The problem is, the goal post keeps moving thanks to inflation and life. This post explores what is considered passive income so we can remain disciplined on our journey to financial independence. I’ve been trying to build passive

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I’ve Seen The Future And It Looks So Bright

Part of creating great wealth and happiness is anticipating the future, understanding the future, betting on the future, and adapting to the future. Well I’ve seen the future and it looks so bright. With President Joe Biden in power until 2024 at least, the government will be getting bigger. Taxes will be going up and

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Money Scams During COVID-19: Beware Of Desperate Measures

Desperate times often lead to desperate measures. I’ve noticed several money scams during COVID-19 we should all be aware of. If you know of more money scams, please share them in the comments section below. It makes me so mad that there are scammers out there. I’ve been scammed before, and it felt terrible. But

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