Finance to Sustainability and everything in-between
The Great Resignation of 2021
An article in the Economist came out recently that claimed up to 40% of the American workforce is planning to resign from their current job in the next 12 months. This should not be news to anyone that is actually paying attention to American work culture and the fallout from decades of working ourselves to…
Vacation Home to Speed up FI/RE?
Before the days of the Fat FI/RE movement that headline would have seemed like blasphemy. I say the notion of a second home in the context of the Financial Independence movement is a rare fringe, but I am here to make the case that, for a % of us in this movement, purchasing a vacation…
NW Update – May 2021
Another month and another Net Worth update! May 2021 was the month of real estate. We had 3 closings this month. After spending months trying to find any deals in real estate and falling flat I finally found the key to success in our current market. Purchase properties from investors that come with leases. Retail…
Exactly 3 years left!
The FireFamily has a lofty goal of being fully financially independent by April 2024. Since it is the middle of April 2021 as I write this that means we have 36 months remaining to get our shit together and meet the goals. This seems like a reasonable time to reassess the situation, see if anything…
NW Update – April 2021
Another month and another Net Worth update. Despite some expensive hobby purchases, bordering on excessive to drop at once, we still increased our Net Worth by $56,200 in the previous 30 days. That is well ahead of track to be at $2 million by April 2024, but this massive bull market can only last so…
Setting yourself up for post FI/RE success – Setting Goals
If you are a consumer of Financial Independence content on a regular basis then you can’t ignore that there has been a MASSIVE uptick in the people who have really struggled 2-5 years into their retirement. It makes sense though, depending on how you measure the growth of this movement, there is no denying that…
NW Update – March 2021
Another month it brings the most comprehensive NW update I have done in a couple years. AssetsReal EstateValueMonthly IncomeIA Rental 3818$130,000$1,050CO Duplex 1060$580,000$1,000Real Estate Total$710,000$2,050Tax Advantaged AccountsValue457$69,600401k$58,000IRA$74,000ROTH IRA$56,000Spousal IRA$35,700529$16,000Tax Advantage Total$309,300InvestmentsValueBrokerage Vanguard$126,000Brokerage WeBull$12,300Crypto$42,000Retail Business$415,000Total Investments$595,300Cash/SavingsValueChecking$70,000(multiple closings soon)Real Estate Checking$7,500Sold business note$17,000Total Cash/Savings$94,500Total Assets$2,018,400LiabilitesTypeAmountMortgage CO DuplexMortgage$399,000Business buyout loanBusiness$97,500Total Liabilities$496,500Total NW March 2021$1,212,600 March 2021 Goals Set…
Book Report: Die With Zero by Bill Perkins
Within the last year I reached the first FIRE goal we ever set for ourselves which was a big $1,000,000 in assets. While I haven’t kept a blog for an especially long time I have kept lots of personal writing about my FIRE goals along the way, my reasoning at the time and some justification…
2004 Porsche 911 C4S – 1 Year Ownership Review
Well it’s been a little over a year since I took the plunge and wrote a $30,000 check to purchase a 2004 Porsche 911 C4S with a little over 40,000 miles, sight unseen and shipped it to my home. The TL;DR – I could not be happier with the purchase despite some MAJOR costs this…
When Will Enough be Enough?
It’s never been a secret to me that I am a workaholic. I always approached it from my unique FI/RE perspective with this in the distance dream of never having to work again. As I have reached higher and higher income levels with more and more investments and companies I’ve worked on becoming successful I…
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Fire Dad 