Start Your Own Blog

I wanted to give everyone an opportunity to see how to create their own blog. I have been interested in blogging for years and this is the fourth one I have started. The first one was a satirical website having to do with global climate change I no longer have the sign-in information and it is frozen in time. It gets a lot of comments from bots. It’s actually pretty funny.

The next blog was a chronicle of my journey to get ready for a triathlon. Continue reading “Start Your Own Blog”

Path to Millions: All About Deals?

One of the coolest things I’ve read recently came from a blog that I had never visited before and had to do with large gains in Net Worth. This has been something I’ve been thinking about lately since creating my Net Worth goal.

Basically the main point is that there is a significant amount of wealth to be made through “doing deals.” The typical path to wealth is to be frugal and save over the long-term. This can work, but the post advocates looking outside that typical path to take appropriate risk by doing deals that will more rapidly increase your Net Worth. Although I do advocate growing wealth slowly over time, I have also see the significant impact that doing wise deals can have on one’s Net Worth.

Continue reading “Path to Millions: All About Deals?”

The Secret to Buying Used Cars

I am not even going to try to convince you to buy a used car in this post.  I have already written about it and it is such a great idea that most people already know they should do it. If you are struggling with understanding that, then you need to question if you are really making good choices with your money. If you live in an apartment but bought a brand new car for more than $30,000 then you should stop reading: this blog is not for you.

Actually – you are the person this blog will really help! Most finance bloggers and personal finance junkies like me don’t even need this post.  But they will still find it interesting. What I am about to reveal is the biggest secret to buying used cars.

Continue reading “The Secret to Buying Used Cars”

100% Financing

This month I’m trying to buy another rental property.  I’ve been thinking through how to do this with no money down but I haven’t made the effort to look for private funding yet.

Private funding is when you get a loan from someone you know rather than getting a loan from a bank. The good thing about it is that you don’t have to deal with a bank and the stringent lending standards most banks follow.  This lets you and the person lending you the money work out the details of the loan and the interest rate.

Private funding is great for the lender as that person is able to get a high interest rate on the money they lend.  For instance, lending to a real estate investor at 8% interest is much better than having that money in a checking, savings, or certificate of deposit account.

But since I haven’t done the work to build up a list of people willing to invest with me, I am working on trying another method.

Continue reading “100% Financing”

Preparing for Another Rental

I have been working towards buying another investment property for some time now. I want to buy one by 2017 and I think I’m about to succeed in the month of October (or maybe November). I’ve written about the two houses that I didn’t get when I was using a real estate agent. I also wrote about my adventure on memorial day where I spent a lot of time researching a house offered by a wholesaler. But I think this one is going to work out!

One of the things I have been learning at work lately is how beneficial it is to plan ahead and to have a backup plan if the situation changes on you suddenly. So I’m writing out some of the steps I’m taking to plan for adding another investment property to my portfolio. Maybe some of my readers can offer improvements on these as well! I’m always open to suggestions.

So here are some of my thoughts.  Continue reading “Preparing for Another Rental”

New Tenant!

As I have written before, I have a rental property about an hour from my house. It isn’t the best investment but since I used to live there with my wife, I decided not to sell it and let a tenant pay off the mortgage.

I use a property manager for this rental, partly because of the distance to my house, and partly because I don’t enjoy working on houses. You really should read my story about the 10 reasons you should use a property manager! It’s pretty funny and hopefully it will keep you from  trying to manage a property from a long distance.

When I first got a property manager they were able to find a tenant within one month. Finding a tenant that fast was really a good result considering we had previously had months of vacancies.  But this past month our tenant left so we were left with another vacancy!

Continue reading “New Tenant!”

401(k) Discussion

I was recently talking to my older brother about investing in our 401(k) and was hoping to encourage him to invest more in it. I am a finance blogger and employed in the field of finance so I figured I could offer some thoughts from the things I’d been writing about recently and convince him to increase his savings.

I didn’t realize that he would actually be the one encouraging me!

Continue reading “401(k) Discussion”

Seek A New Challenge At Work

I’m still here. Many things have been rapidly changing lately for me including a large change at work. This has been really wonderful for me as it has been a “stretch” professionally and I am learning more per day than I was learning each week in my previous position. This has caused me to think a lot lately about the importance of learning new things and growing professionally by taking on new challenges.

Are you still learning and growing in your current job?

Continue reading “Seek A New Challenge At Work”

September Index Update

I have returned! Yes I know I have taken a few months off from posting content but duty calls! The new job has been a great challenge and we have been having wonderful family time lately with our immediate family and with extended family. Trips to Florida, Ohio, and the Carolinas have been great.

Thankfully we missed Hurricane Hermine and ended up having a great week at the beach which included tremendous waves. I never get tired of the Outer Banks of North Carolina.

But now for an update of my Net Worth Index!

Continue reading “September Index Update”

Allocation Shift

I wanted to give a quick update on some things I discussed in the post where I discussed my net worth goal. If you remember, I didn’t reveal the dollar amount of my net worth goal but rather created an index to measure the change in my net worth. This will allow me to share my goal and progress without having to reveal the details of the actual dollar amounts.

I also discussed in that post my net worth allocation. I don’t always see other net worth posts reveal this so hopefully that will be an interesting thing to read about as well. Looking forward to the feedback on that.

I wanted to talk about the allocation in today’s post.

Continue reading “Allocation Shift”