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 »
Much like my vacation rental report for Calypso Memories, I am excited to write this report. We have entered the busy season and with that comes the exciting prospect of the condos paying for themselves. Emerald’s Corner is a very expensive condo to own. The mortgage and HOA fees alone are approximately $6000. There are… Read More »
I am excited to write this report! For a while, it seemed as if the slow season would never end. During the slow season, I was forced to contribute money from my personal funds to help keep Calypso Memories afloat. Well, now that we are at the start of the busy season, the hope is… 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 »
Recently, I wrote about the fact that I owe $6000 in taxes. In that post, I contemplated paying about $4000 from my personal income and $2000 from the sale of stocks from my dividend portfolio. Since making that post, I was able to come up with the full $6000 from my personal funds. So, I… 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 »
Another month has gone by and now it’s time for my dividend income report. Dividend investing is a slow and long-term strategy. The benefits of compounding growth really shines towards the latter end of the strategy. Until then, it’s a grind. A lot can happen during the long-term. For example, recently, I posted on the… Read More »
Welcome to my second debt payoff report for the year. Based on the amount of my debt, it looks like I’m going to be reporting on my status for a while. Credit card debt is a wealth killer, at least the credit card debt that I have. The interest is super high, almost criminal. But,… Read More »