ChooseFI Logo

Vacationing Differently: Opening Your Home To Others Opens The World To You

Those of us in traditional jobs earn our precious vacation days slowly, and we spend them wisely. Aideen and her husband Patrick both lost their jobs within a couple months of welcoming their new baby. Patrick set up his own business, and Aideen decided to freelance. This new financial strain forced every dollar to be …

Your Options For Investing In Real Estate

Investing in real estate is a path many investors use to build wealth. Today, you have many different opportunities to invest in real estate. But which one is right for you? There are four main ways to invest in real estate: Residential rental properties Commercial real estate Real estate investment trusts Crowdfunding What Real Estate …

How To Get Started With House Hacking

House hacking comes in a variety of modalities, and anyone can make the most out of their living situation by taking on roommates to cover some or all of their monthly payments. With a little bit of ingenuity, you can optimize your living situation and offset one of your biggest recurring expenses and even create …

How To Buy Real Estate In A Roth IRA

Did you know you can actually buy real estate in a Roth IRA? And it’s completely legal too, not the least of which since you can hold just about any asset in an IRA account. Some real estate promoters seriously pitch this option. And while it is certainly possible, you need to be fully aware …

How This Couple Paid Off Their Mortgage In 506 Days

According to Jim Rohn, “We are an average of five people that we spend the most time with.” The older I get, the more that quote resonates with me. I’ve learned how to identify people that I want to learn from and be around and be influenced by, and those I do not. Nowadays, when …

091R | Real Estate Inside an IRA

An overview of how to own a house with an IRA, Jonathan attempts to optimize his recipes and shopping list, a list of the top 5 ChooseFI episodes and a travel rewards win. What you’ll hear in today’s Friday Roundup: Is the financial independence movement growing? “Playing with FIRE” documentary set to come out in …

091 | Rich Carey Real Estate | Building a Rental Real Estate Snowball Machine without Debt

Rich Carey, officer in the U.S. Air Force, talks about learning to live frugally, buying his first townhouse, and building his real estate empire from one to 20 houses in Montgomery, AL. How did Rich get interested in financial independence? What did Rich’s frugal life look like before he found financial independence? How did Rich’s …

House Hacking With Airbnb

If you already own a single family home and aren’t in the market to be a duplex or another multi-family home anytime soon, you may feel that you have missed the boat on house hacking. Fear not! You absolutely can take advantage of the magic of househacking if you have a pool house, or even …

Should You Pay Off Your Mortgage Or Invest?

When it comes to optimizing your money, one hotly debated topic is whether you should use your available income to pay off your mortgage faster or invest the money for the greatest return. The future is unknown, but there are emotional and logical arguments to be made for investing or paying off the mortgage first. …

What To Do When You Get Stuck In Your Starter Home

Sour Lemons There is an old saying that goes, “when life gives you lemons, make lemonade”. Sometimes you’ll face undesirable situations, but the saying urges you to stay positive and make the best of those unanticipated events. I’d say my current housing market is pushing me to make the best of my situation, being stuck …

How We House Hacked Our Way To FI

It’s fine to celebrate success but it’s more important to heed the lessons of failure. – Bill Gates Long before we discovered this idea called Financial Independence, we knew that we had to do something above and beyond what we saw most people doing if we were going to get ahead. But up until our early …

Lousy 403(b) Options Led Me To FI Via Real Estate

When something is bad, you have two choices: Try to make it better or go somewhere else. That was the case with my 403(b). I got wind of how bad it was here. When the moment came to make a change, I decided to opt for a completely different investment vehicle. The sale While selling their tax-deferred …