Rental Property vs Stocks – Tracking Experiment Continued …

  • You Don’t Have to Be Good at Math to Be Good at Personal Finance
    by Joel on September 18, 2020 at 9:30 am

    You Don’t Have to Be Good at Math to Be Good at Personal Finance Happy Friday! Who’s looking forward to an awesome weekend!? 🙋‍♂️🙋‍♀️ Today I’m gonna share something a little embarrassing… It’s the final report card from my graduating year at high school. Check this out: As you can see, Math was my worst subject. 29 out of 100… I’ve never scored lower than 29% on anything in

  • The 1% Rule Explained, Using Malibu Mansions!
    by Joel on September 14, 2020 at 9:00 am

    The 1% Rule Explained, Using Malibu Mansions! Do we really need another blog post explaining the 1% rule for real estate investing? Yes! Because I’m gonna explain it using examples with ridiculously expensive, multimillion-dollar beach houses that famous people live in.  The 1 percent rule can be used in any city or state you are planning to invest in. It’s a general

  • Is Health Insurance Worth the Cost? Because Daaaaaang, It’s Expensive!
    by Joel on September 11, 2020 at 9:00 am

    Is Health Insurance Worth the Cost? Because Daaaaaang, It’s Expensive! When I mentioned a few months back that my wife and I haven’t had health insurance for the past couple years, some of you thought I had lost my marbles. Thank you to everyone who emailed me their thoughts and were concerned about my family’s well-being. Some good news — starting October 1, I am

  • Rental Property vs Stocks – Tracking Experiment Continued …
    by Joel on September 7, 2020 at 9:30 am

    Rental Property vs Stocks – Tracking Experiment Continued … A couple months ago I talked about comparing rental property vs stocks, using 2 of my personal assets as examples we can track over time. One is a personal IRA account (backstory here) which is invested in a total stock market index fund. The other is a duplex rental property located in Texas (backstory here).

  • A Dog’s Guide to Personal Finance 🐕
    by Joel on September 4, 2020 at 9:30 am

    A Dog’s Guide to Personal Finance 🐕 Happy Friday, you stunningly beautiful and handsome people! (I don’t know what you actually look like in real life, but when I close my eyes and imagine, you’re all gorgeous!) Today’s guest poster — Jesse from the Best Interest blog — learned all his personal finance knowledge from his dog! Just kidding — Jesse has

  • What Is Net Worth? (Plus How to Calculate Yours!)
    by Joel on September 3, 2020 at 5:28 pm

    What Is Net Worth? (Plus How to Calculate Yours!) Who wants to be a millionaire? Everybody, right? But how exactly do you get there? For starters, you need to keep track of your money to see where you stand! Your net worth is one way to measure how much money you have at any given time. When you change your saving and spending habits,

  • 6 Ways My Parents Taught Me Financial Independence
    by Joel on August 31, 2020 at 9:30 am

    6 Ways My Parents Taught Me Financial Independence Want to teach your kids financial independence? Here’s how mine did! “Hey Mum, this is my friend Daniel from school.” “Nice to meet you, Daniel, and welcome to our home! Joel, do you want to wash the dishes, hang the laundry, or vacuum the house?” “Ah, Mum… Daniel came over to play. Can I pleeeeease

  • Good Personal Finance Reads From Around the Interweb!
    by Joel on August 28, 2020 at 9:30 am

    Good Personal Finance Reads From Around the Interweb! Happy Friday, y’all! Here are a handful of good reads and fun stuff for personal finance nerds from around the web recently … ***** How to sell feet pics online via Make Save Spend Give —  “Yes, people will pay you for feet pics. I know you have questions, maybe you don’t even believe that

  • Should I Refinance My Rental Property?
    by Joel on August 24, 2020 at 9:30 am

    Should I Refinance My Rental Property? With interest rates so low right now, a question on every homeowner’s mind is, “should I refinance my mortgage?” And what about doing a refinance on a rental property? It takes a fair amount of effort to refi — it’s just like qualifying for a brand new loan. There’s also hefty closing costs and fees…

  • Selling our car online … Are people even buying cars right now?
    by Joel on August 21, 2020 at 9:30 am

    Selling our car online … Are people even buying cars right now? “Good luck, man. Nobody is buying used cars right now. You should’ve sold it six months ago before COVID happened.” This is what one of my friends said to me recently. 😔 And at the time I kind of agreed. With most people working from home and limiting their travels, I thought we’d have a