Mindy and I just sold our old home. It had been a rental, but the numbers didn't work well. We earned less than $3,000/month on a $600,000 home. We weren't close to the 1% Rule. Hell, we weren't even at the .5% rule. If we had pursued our original plan to put the home on Airbnb, the numbers would have worked much better. But then, we're trading time for money. I need time much … [Read more...] about Home Sale: Mortgage Post-Mortem
Investing
The Difficult Path To Wealth
A man who carries a cat by the tail learns a lesson he can learn in no other way.-Mark TwainWhenever the stock market takes a big dump, I feel a little giddy. Mindy and I are still in the saving part of our lives (she works, I don't [Wife-FI? Spouse-FI??]), so corrections are opportunity.We got very lucky last spring. We had paid cash* for a home back in 2020, but our … [Read more...] about The Difficult Path To Wealth
Money Withdrawal Strategies (Keeping The Tax Man Away)
Money is a precious resource that must not be wasted. It isn't easy to collect those dollars, so they should be saved, invested, and spent with maximum efficiency and thoughtfulness. Between investing and spending comes withdrawals. Since most of us have money tied up in multiple accounts, it makes sense to take money out strategically so your tax bill is minimized.UPDATE: … [Read more...] about Money Withdrawal Strategies (Keeping The Tax Man Away)
Juggernauts, Jargonauts, And Jabberwock -or- How I Got Rich With Big Tech
A reader sent me this email recently:Dude, your net worth has gone up crazy high in a short amount of time. Are you making this stuff up?Nope, it's all true.Big Tech Tantrums2020 has been a hell of a year for the portfolio. We're up about $600,000. and last Thursday, our net worth touched $3,000,000 for the first time.Coincidentally, I was listening to the … [Read more...] about Juggernauts, Jargonauts, And Jabberwock -or- How I Got Rich With Big Tech
A New Mortgage With A Side Of Lucky Market Timing
Back in September, Mindy and I bought another home to live-in flip. Getting a good deal meant that we'd have to pay cash and close quickly. Here was our plan to come up with $350,000+ and what we'd do after:September 2019: Sell $100,000 in stocks, borrow $200,000 from our HELOC, sell the Acura NSX ($45,000) and use cash savings to fund the home purchase.January 2020: … [Read more...] about A New Mortgage With A Side Of Lucky Market Timing