Here is an update on the rental property search that had been going on for the past 3 weeks. The condo that I was looking at ended up selling for much higher than the listing price. I put in a bid that was about $25,000 over listing (which I thought was generous, but fair), and was still
Another month without much news to report (a good thing). I kept my spending habits mostly in check this month, and did not splurge or indulge in many excesses. This is an improvement for me, as in previous months I had indulged in
It was another bad (*good!) week, as the market continues to show further weakness. With concerns over Eurozone still at large, an uninspiring jobs report back home, and just a slew of other problems across the board, the general trend is – down, down, down. The S&P 500 is down ~10% in just a month’s time! How much further do we have to go, and is now
Financial independence is a dream of mine, but to discover how it came to be involves retracing back to the early days of my youth. During this period of time, financial independence didn’t yet exist for me, but pure, unrestricted play time was something I truly embraced. In fact, my first recollections of desiring to be free take me all the way back to the beginning of grade school. I used to dread the end of Summer, as this signaled
With interest rates now as low as 3.875%, for a 30 year fixed home loan, I recently decided to entertain the idea of investing in real estate. The main appeal in dividend investing, as it pertains to early financial independence, is to create a passive income stream that generates enough cash flow to exceed monthly expenditures. When investing in stocks, one of the first rules
“Time to go to the bank and transfer funds- this Facebook thing is gonna be huge!”These were the words spoken to me by a friend who will be joining the legion of fanatics jumping on board when Facebook IPO’s this week. Call me skeptical, but I just
The importance of staying out of debt was discussed in Part 2 – Core Fundamentals: Treat Debt like the Plauge (Part 2). Once this barrier has been overcome, the next step in establishing our ‘Path to Early Financial Independence’ plan is to analyze our monthly savings rate. In order to adequately build a growing portfolio, sufficient funds