Investing in real estate has been a winning strategy to build wealth for generations. The use of leverage when purchasing real estate allows you to supersize the returns for even greater net worth increases. Beyond your primary residence, investing in rental properties is the next logical step. So many people
Buying a home is one of the biggest purchases you will ever make. Although many of us are on the path to FI, most of us don’t have enough cash to buy a house without taking out a mortgage. From pre-qualification to paperwork to credit scores, this in-depth guide will
Your W-4 lets your employer know how much of your paycheck to withhold for federal income taxes. If your state charges income tax as well then you will have a separate form for that. Everything we are talking about in this article relates to federal income taxes and the W-4
You don’t have to drive your car in order to make money with your car. You can rent out your car, RV, or even your parking space and earn some extra money sitting on your couch. Below we have six companies that offer a sure-FIRE (pun intended) way to earn
Sunny and his wife are 88.92% of their way to FI at only age 28 while living just 15 minutes outside of New York City. Sunny’s Financial Beginning As one of four children in a home with a below-average income, Sunny grew into a naturally thrifty person. That base of
Brad and Jonathan discuss an evening of FI and how to be a storyteller. Richmond Screening Of Playing With FIRE The June 19th showing of Playing with FIRE was a hit. Over 500 people turned out for an evening of Financial Independence. It just made me realize the scale of
Here’s a case study on funding a child’s Roth IRA and listen to feedback from the community.
A dive into taxes with Sean Mullaney, the FI Tax Guy. Sean’s Career In Accounting When Sean started out as a rookie accountant, he had a plan to become a partner in an accounting firm in his home state. However, he learned that it is difficult to move up the
Brad and Jonathan talk to Joel from How to Money about his path to Financial Independence. Joel has pursued FI on a relatively low income and has used pure hustle to fill in the gaps. Joel’s Story In the beginning, the first thing that made Joel think about money was
A Community member of the ChooseFI Facebook group, Sharah M. shared her method for tracking optimizations and improvements: “Inspired by the weekly Choose FI “What did you do this week” posts, I started a Make Life Better journal last January (could also be called an Aggregation of Marginal Gains tracker).
Brad and Jonathan discuss a burning question in the FI community, a new budget experiment, and an update on Playing with FIRE.
After spending a decade in one career, I recently decided it was time to make a change. I wanted to take my love of personal finance and helping people with money and combine them into one job. So I considered all kinds of ideas in the finance field. One of
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