Last week, I asked you if we should move. We have $450,000 in equity in our home which I don't like. This money isn't doing anything. I'd rather put it to work. Here is what you had to say: Joel from the excellent new Pour Not Poor podcast: Only move if it will make you happier, not if it will make you more money. What if more money makes you happier? … [Read more...] about Do You Use Time Wisely?
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I thought that our current home would be a long-term purchase, but I've been having second thoughts. I never wanted a primary home to be a significant portion of our net worth, so I bought a cheap house ($175,000 in June of 2013). I spent a whole lot of time (4-year slog) and $100,000 fixing it up which increased its value. At the same time, Boulder County prices went bonkers. … [Read more...] about Should We Move?
I was talking to Miss Mazuma a couple of weeks ago at Camp FI about 401(k)s. At one point, she mentioned this post from MMM. In the post, MMM states that you can have too much in your 401(k): Let’s say you are 30 now, and you’ve made the maximum contribution each year since graduating at age 21, and thus you have about $144,000 in the account. Let’s also assume your … [Read more...] about Ask the Readers: Would You Access Your 401(k) Before 59.5?
Last year, my main money goal was to diversify into real estate. At the beginning of 2017, all but $145,000 of my investments were in the stock market. Here is how the $145,000 was invested in real estate: $95,000: private loan $50,000: Syndication deal #1 At the start of 2018, I have $660,000 in real estate investments (and another syndication deal in the … [Read more...] about Your Money Goals?
It seems to me that the relationships of frugal people have less conflict than those of the general population. However, no healthy relationship is completely without disagreement. Mrs. 1500 and I don't fight often and when we do, it's about trivial stuff like the thermostat settings. (Mrs. 1500 note: IMPORTANT stuff like thermostat settings.) We have another disagreement … [Read more...] about Ask the Readers: How Many Loads of Laundry Do You Do Each Week?