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.

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Saving For the Kids

I have a lot of kids. Not compared to historic averages back when people were having 10 or 20 kids at a time. That’s crazy! But I have more than 3 and less than 7.  I think that is a lot. I actually have 5 and we may have more or we may adopt. With so many kids we always have a lot going on at the house and we always have great conversations! Lately the conversations have been related to our kids trying to tell knock-knock jokes and not succeeding. It’s actually a lot more funny when they don’t succeed!

With all of our kids I have been thinking about how I can put time on their side from an investing perspective. For instance, if I think about my one year old, I could invest now and he would have 30, 40, 50, or 60 years for his money to grow. Maybe 80 or 90.  This is huge.

What is the best way for me to go about harnessing time in favor of my kids?

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The House I Did Not Buy Monday

This is the story of how I spent six hours on Monday deciding not to buy a property advertised on Craigslist. It was quite an adventure but I ultimately had to pass on it. It all started on Saturday night when I was browsing some properties and noticed a townhouse advertised as two separate units with separate utilities and addresses. I thought, “Wow – this multi-unit could be a major rent producer.”

Here’s what happened.

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