Written in real time from 2018 onward. Airbnb financial updates, the HOA saga, tenant disasters, and how I think about money.
It feels amazing to see my Vanguard brokerage account hit over $100k at such a young age. I have worked hard in both the earning and expense side in my investing journey. It feels great to see the progress and growth to hit over $100k in such a short amount of time. Here are four things that were critical for me to hit this major milestone!
I am firm believer you should be living paycheck to paycheck regardless of how much you make. This may sound counterintuitive, but hear me out. You should be living paycheck to paycheck for many reasons, but we will keep it simple and stick to three.
Time for an update on how I invest almost 100% of my paycheck every two weeks. I find it more and more fun to continue watching progress towards my financial independence. A big component of this is investing almost 100% of my paycheck. When you can automate many of your investments, you allow yourself to sit back and watch cool things happen.
I am currently reading 'The Speed of Trust - The One Thing That Changes Everything' by Stephen Covey. Early on in the book he made a point I have heard before but never resonated with me. We judge ourselves by our intentions and others by their behavior.
In the month of December, I hosted 51 guests across 7 different bookings. Of the 7 stays, I received a review from each of my guests! Many hosts know getting your guests to leave a review can be difficult. I am also excited to say of the 7 reviews, all were 5 stars!
My first introduction to the Financial Independence community came after reading Rich Dad Poor Dad. This book was a fundamental shift in mindset for me where I learned why your home is not an asset. This comes down to one simple principle. Your home is not an asset because it isn't by definition an asset. Let's explore the definition of an asset and a liability for further understanding.
Are you currently giving 100% effort it is in whatever you do? If you are not sure, here is one simple question you can ask yourself to find out. Look yourself in the mirror and ask, 'Am I giving…
When analyzing a short term rental property, it is important to be able to estimate cash on cash returns. This allows you to understand whether something is a good investment or not. When you…
This topic hits hard since something recent at work. You need many income streams in your life. Period. Having many income streams is critical to your long term financial success. I recently had to displace an associate who was working for me. This was an extremely difficult thing to do. This decision wasn't made by me, but rather the larger business. This got me to thinking, if I were to get displaced from work tomorrow, would I be okay?
Second paycheck of the new year in the books and I invested almost 100% of my paycheck into retirement accounts! This continues along with the strategy of front loading my investments at the…
Too often, people get stuck in the fixed mindset. It is important to begin asking yourself 'How can I afford it?' The most common feedback people have is telling themselves they can't afford it. This…
Most people wait for something bad to happen before taking action. Why? Something bad happening in your life reminds you of how precious life is. This reminder is what helps you to remember to take…
