How to buy your first investment property-a case study.
Saturday, March 25
We’ve all heard it. Owning real estate is how the rich get rich. True. The vast majority of the rich do own real estate as part of their investing strategy. But, what’s also true is that the average Joe can easily lose his shirt by taking that advice and then just plunging into the real estate m...
Why your first house purchase is the most important one.
Saturday, March 25
Most of us aspire to own our own homes one day. It’s the American dream. But, as with many things in life, buying a home is probably best done in moderation, especially when it’s your first one.Foundation:Before attempting the largest purchase of your life, you’ll want to have your financial hou...
A break down of the last paycheck of 2016
Friday, March 24
My wife and I started contributing to our 401K/457K from the time we started our careers at 22. We’ve been maxing them out from about 25, when I was making less than $40,000, and she probably made about $70,000. Max contribution that year was probably $7500. So, I was saving 18% of my income, wh...
How to retire in 20 years. Or less.
Friday, March 24
Any police officer can retire in 20 years (or 22, or 25, depending on the department you work for). After all, that’s exactly how the career is structured. We call it “20 and out.” You simply put in the required amount of years and then leave.Of course, most police officers end up needing to ...
My wife retired for her 41st birthday
Saturday, January 21
How do you retire in 20 years or less? Be frugal and marry a civil servant. I’m joking. That’s a little too simple of an answer. However, my wife is retired at the age of 41, 19 years after graduating from college.We set a long-term goal when we both started working. We knew I had a 20 year ...