How to Find Estate Sale Deals (From a Beverly Hills Bargain-Hunter!)

  • New Job Benefits, FI Workshops, and What Is J$ Up To?
    by Joel on August 7, 2020 at 9:00 am

    New Job Benefits, FI Workshops, and What Is J$ Up To? Time flies! It’s been two full months since taking over this blog. I haven’t gotten any death threats yet, the nasty feedback I receive is vastly outweighed by encouraging emails, J$ seems to not have any regrets so far, and my employer hasn’t fired me yet! (!ctually, they just gave me a small pay increase and extended our contract – more on that below.) All

  • How to Find Estate Sale Deals (From a Beverly Hills Bargain-Hunter!)
    by Joel on August 3, 2020 at 9:00 am

    How to Find Estate Sale Deals (From a Beverly Hills Bargain-Hunter!) I can’t wait for this COVID thing to be all over … when everyone’s healthy and safe, I can resume one of my guilty pleasures — my Beverly Hills “shopping sprees!” I’m not talking about the name-brand stores on Rodeo Drive that sell $1,800 sunglasses or $12,000 handbags … The bargains I’m searching for lie within the suburb’s majestic mansions — at private garage sales

  • How to Give Stock to Children With a UGMA Custodial Account
    by Joel on July 31, 2020 at 9:00 am

    How to Give Stock to Children With a UGMA Custodial Account When my wife was a baby, one of her Aunties created a gift account and put a few thousand dollars in it. This Aunt was pretty financially savvy and didn’t have any kids of her own. She put the money in a UGMA account (named for legislation called the Unifed Gifts to Minors Act) and invested it in a broad, low-cost mutual fund that would

  • Investing With Family … the Good, the Bad, the Meh
    by Joel on July 27, 2020 at 9:00 am

    Investing With Family … the Good, the Bad, the Meh Are any of you guys investing with family members or co-owning any assets with siblings? Like partnering on rental properties, businesses, and joint estates or lending them money? I’m not talking about your spouse or significant other … I mean investing with siblings, aunties and uncles, your parents or kids. I’m curious to hear your experiences and if you recommend it as a good idea

  • Yes, You Can Buy a Rental Property in Another State
    by Joel on July 25, 2020 at 9:00 am

    Yes, You Can Buy a Rental Property in Another State In 2015 my wife and I bought our first rental property together. We were living in Los Angeles at the time and couldn’t afford to buy anything locally, which prompted us to start looking at out-of-state investments. We ended up making a real estate investment in Texas! There’s a lot to share about our decision to buy a rental property — I’ll start with numbers

  • How to Include Charity in Your Budget, and Other Ways to GIVE!
    by Joel on July 24, 2020 at 9:00 am

    How to Include Charity in Your Budget, and Other Ways to GIVE! There’s no right or wrong way to be generous. Charitable giving is a beautiful thing, no matter who it comes from or how big (or small) the dollar amount! Today, I’ll talk about some ways to include charity in your budget. As a kid, my parents taught me to tithe, giving 10% of all my earnings to our family church. It wasn’t much at the

  • My Rollover IRA Account — The Backstory
    by Joel on July 20, 2020 at 9:30 am

    My Rollover IRA Account — The Backstory Last week I wrote about tracking one of my rental properties and comparing it to the growth of an index fund that’s currently worth about the same amount. Post here – Real Estate vs. Stocks I got a ton of feedback and questions, which I’ll delve into over time. For today I’ll start with some backstory on my IRA, my out-of-pocket contributions, and what the

  • Think You’re Too Old for FIRE? Think Again!
    by Joel on July 17, 2020 at 9:00 am

    Think You’re Too Old for FIRE? Think Again! From the outside, the FIRE community appears to be full of young people — millennials and iGens — who are striving to reach financial independence and retire in their 30s and 40s. But when you spend more time *inside* the FIRE community, you realize how diverse it is! People from all walks of life, all ages and backgrounds, helping and supporting one another to live

  • Tax Fun Facts! (But Are They True or False?)
    by Joel on July 13, 2020 at 9:00 am

    Tax Fun Facts! (But Are They True or False?) Happy Monday, everyone! 🙂 Thought it’d be fun to share some tax trivia — some true facts 😇, and some false facts 😈 — since we’re nearing the end of a super-long filing season here in the U.S. (Public service announcement: Taxes for 2019 are due THIS WEDNESDAY! That’s July 15, 2020.) I’ve dug up (and made up) these weird tax facts for a little

  • Real Estate vs Stocks: A Real-Life Look at Returns
    by Joel on July 10, 2020 at 9:00 am

    Real Estate vs Stocks: A Real-Life Look at Returns There will always be a hot conversation in the personal finance community about investing in real estate vs stocks. I do both, so today I’m gonna share details about two of my long-term retirement assets. Asset #1 is a Rollover IRA account. The balance is about $109k. Asset #2 is a buy-and-hold rental property I’ve owned for five years. Coincidentally, it’s also worth about $109k!