I bought my last home in 2013. I could have paid cash for it, but instead, took out a mortgage and invested the rest. Today, I tell you how it's worked out.Getting Rich With A MortgageOne of the great debates in the FIRE space is whether you should pay off your mortgage. By not paying off mine, I'm in the minority:Most would say that they like the peace of mind … [Read more...] about Getting Rich With A Mortgage
Financial Independence
July Performance Update (Day 2404): The Superior Advantage Of Inferior Taste
My main goal* was to build an investment and cash portfolio of $1,120,000* in 1500 days**, starting from 1/1/2013 and ending in February of 2017. I made my goal in 2016, my 1500 Days are over, and I’ve left my job. In the interest of openness, I’ll continue to share my numbers.Perhaps the greatest quality that allows me to have a successful FIRE … [Read more...] about July Performance Update (Day 2404): The Superior Advantage Of Inferior Taste
Be An Inflection Point To Someone
Last week, a film crew came to our home to record our lives for an upcoming documentary:The crew consisted of a director/producer, a cinematographer, a sound engineer, and Josh, a production assistant. Josh was the youngest and early in the day, he started asking me questions about my life and investing. I could tell that this was his first exposure to FIRE and probably … [Read more...] about Be An Inflection Point To Someone
Why I Think The 4% Rule Sucks (The Most Case Scenario)
My buddy and excellent human Doc G. asked me if I wanted to be on his podcast earlier this year. He mentioned that the topic would be risk. I'd be on the show along with Karsten (Early Retirement Now), Todd Tressider (Financial Mentor), and Steve Adcock (Think Save Retire). The podcast would take the form of a debate with Steve and I on one side:"Screw it, retire already … [Read more...] about Why I Think The 4% Rule Sucks (The Most Case Scenario)
2018 Midpoint: Portfolio Pops, Fitness Flops And FI Thoughts
Hey look, we're halfway through 2018 already! Time to look back on the first half and a little more... Portfolio Pops The S&P 500 was flat for the first half of 2018, but my portfolio is up $87,269. About $20,000 of this is due to 401k contributions! (Thanks blog income and Mrs. 1500's job!) Another $16,000 is from real estate investments including private loans and … [Read more...] about 2018 Midpoint: Portfolio Pops, Fitness Flops And FI Thoughts