I was recently asked what it was like to live the FatFIRE life (Financial Independence, Retire Early, but not on a skimpy budget). After I told my story, the other person said I was not FatFIRE, I was ObeseFIRE. I began to think about what they were saying and realized I really am living a … Read more
I am often asked the question, “Is it better to pay down debt or invest?” It is uncanny how often this question comes up. This question is asked as if those were the only two options to choose from. I never hear, “Should I go on a three week trip to Paris or invest?” “Should … Read more
Back in 2001 we paid off our last personal loan, our home mortgage. At that time, we decided to begin investing in real estate with the money that used to go towards digging us out of our personal debt. Our real estate was held in an LLC and we acquired loans to purchase these properties. … Read more
There are things on our bucket lists that take preparation and a great effort to accomplish. Climbing Mount Everest, for example. Others take a lot of time to complete, like an around the world cruise. My wife and I just finished one of these bucket list items that took both a lot of preparation and … Read more
(This week’s guest post comes from Andrew at LendEDU) Becoming a physician requires years of formal education, and that commitment often comes with a hefty price tag. Recent statistics from the Association of American Medical Colleges highlight this reality, estimating that physicians leave medical school with an average of $196,520 in student loan debt. This … Read more
Many times blog questions appear as an either/or issue, as if there were only those two choices. Often I see questions such as ‘should I pay off debt or invest?’, ‘should I save for retirement or for my kids college?’, ‘should I buy stock or bonds?’, ‘should I plant tomatoes or cucumbers?’ It is entirely … Read more
When our kids were in the 5-9 age range, we used to buy each of them a souvenir on our vacations. They always wanted the most expensive item in the store, a great big teddy bear that cost $400. We would tell them no, they needed to pick something less expensive. They weren’t happy about … Read more
Today we celebrate the 1776 event that started the United Stated on the road to breaking free from English rule. At that time, not everyone in the states was onboard with this idea. Some liked things just the way they were. Others were willing to put their life on the line to be free from … Read more
After taking a little breather from writing books, I’m at it again. Book #4 in The Doctors Guide series will be coming out this fall, titled, The Doctors Guide to Real Estate Investing for Busy Professionals (Who Don’t Think Real Estate is For Them). The book is currently in the hands of test readers and … Read more
(This week we have a guest post from Rick Pendykoski, who helps set up self-directed IRA accounts at Self Directed Retirement Plans, LLC. These accounts have more flexibility as to where you can invest the money than a typical IRA account. You can even invest the money in your new business or real estate venture. … Read more