So if an emergency fund is a racket and BAD IDEA (as thoroughly covered here and here) what do I do? I don’t keep an emergency fund, but I do keep quite a bit of accessible funds around. These aren’t… Continue Reading
March numbers: Personal: Gross monthly W2 pay: $5,375 Net monthly W2 pay: $3,616 Total credit card debt: $25,872 (+166) Total other non-mortgage debt: $10,036 (+574) Total mortgage debt: $155,188 (-$832) Cash/cash equivalents: $4,727 (-10,967) Total retirement savings: $118,391 (-$57,019) Non-Equity… Continue Reading
Long before I discovered FI I did a calculation of when I could retire. Given my income and savings rate at that time, my retirement date was somewhere in my early 120’s. Clearly that was unacceptable, so I endeavored to… Continue Reading
In working on a possible next real estate deal my realtor urged me to begin incorporating my property equity into my net worth. I had resisted doing that, but I was able to talk myself into it by including the… Continue Reading
Ok, this may not seem like much, but it’s big to me. My living situation recently changed (more on that in my last post here) which means my roommate’s Keurig went with him to his next place. The last time… Continue Reading
I do something called house hacking (see more info here). This is a strategy by which you minimize your housing expense through a variety of methods. I’ll list a few of the more popular here: Buying a multi-family property and… Continue Reading