In an effort to keep tabs of performance, I've been tracking my rental property cash flows since I started acquiring properties in early 2016. Here is where things stand through the first quarter of 2018. Feel free to jump in and take a look at the numbers.Read More
My last budget update was posted at the end of November. To get things in a more structured format (and to cater to my slight obsessively-organized nature), I've decided to begin posting these updates at the end of each calendar quarter. It's just more tidy.
That being said, the 1st quarter of 2018 is now behind us which means it's time for a check-in to see where things now stand in route to shoring up the monthly living expenses.Read More
There is nothing more dangerous than blanket investment advice. Yet, everywhere you turn, you will find headlines giving you just that: the next best, can't miss investment. All your troubles are swept away if you just follow this particular guidance, or buy this specific product.
These headlines sell because they promote a false sense of security and simplicity. People want the microwave approach to solving an issue. But the problem is that proper investment advice is not that simplistic.Read More
If you know me, or have visited my website, I'm sure have grown to realize that I am a supersized advocate for passive income. I believe that growing a diversified balance of income streams will set the foundation for financial independence more quickly than savings and traditional investing alone. The concept is not hard to understand for most, but implementation and knowing where to begin in this path can pose a challenge. So today, that's exactly what we're going to address. I will highlight some different methods of passive income investing in addition to the pros and cons, and possible barriers to entry for each product.Read More