It’s important to have multiple income sources. That way, if one dries up, you have others to rely on. This is one way to achieve FI (financial independence). Dividend income is certainly one income source. But, as mentioned numerous times on this blog, it’s a very long strategy. It will take years, if not decades,… Read More »
Well, as the saying goes, when it rains, it pours. In my last post, I discussed how Murphy’s Law was evident at one of my properties. My terminate inspection renewal came up and I had to shell out over $900 to ensure I don’t have termites. Prevention, after all, is better than the cure. But,… Read More »
According to Webster’s Dictionary, Murphy’s Law is defined as an observation that says, “anything that can go will go wrong.” Well, I freaking hate Murphy’s Law. Unfortunately, that saying seems to be coming true for me this year. For starters, I wrote about the fact that my negligence nearly cost me my beach condo. Additionally,… Read More »
I hate paying the IRS taxes. I’m not sure who loves them. But, they are a necessary evil. I also hate paying property taxes. Property taxes are used to fund the police, fire fights, build roads, etc. They are mandatory. And, when you own property, you are supposed to pay property taxes – duh! Also,… Read More »
Well, recently I posted about the fact that I owe $6000 in taxes. That is still the case. I wish I could say that the amount of taxes I paid was less, but alas it was not. I had to come up with the full $6000. The issue of course becomes how would I able… Read More »
Well, it’s official. I’ve completed my taxes and I owe the Government $6000. $6019 to be exact. Because of that, I haven’t filed my taxes just yet. To make matters worse, I don’t have $6000 lying around. Truthfully, it could have been worse. But, this is the last straw to drop so to speak. I… Read More »
There’s an old saying that says that when it rains it pours. I feel that’s true for me right now with the amount of money I am spending on my credit card. In my last post about my September Debt Payoff Report, I reported that my credit card debt is likely to reach a whopping… Read More »
It’s official. Both of my condos are experiencing negative cashflow. In my August 2023 vacation rental report for Calypso Memories, I reported that my year-to-date LOSS was $8251. Additionally, in the vacation rental report for Emerald’s Corner, I reported that my year-to-date LOSS was $2601. Combined, I’ve experienced a total loss of $10,852 since the… Read More »
So, as you may know, I will officially lose my current job. However, for all practical purposes, I am retired. Well, although I haven’t been retired for very long, I can say without a doubt that RETIREMENT IS BORING!!! I totally understand why people who are retired continue to work. The good news is, that… Read More »
I have some interesting news. I will likely be acquiring another house. Specifically, it would be the house I currently live in. This acquisition came as somewhat as a surprise – mainly with respect to the timing of it. By way of background, I currently live with my mom. She has decided that she wants… Read More »