Jul 30, 2018
#142: How can a family of four shift from earning two incomes to one, while still pursuing financial independence?
How would a 55-year-old couple with $2 million saved know if they're ready to retire?
Can parents use leftover money in their 529 plan to help their daughter with her college loans?
If you start a job with...
Jul 23, 2018
#141: "I'll get around to rolling over my 401k ... next week."
"Eventually I'll switch to a cheaper insurance plan."
"I really should move my portfolio into lower-fee funds."
"Yeah, yeah, I know I should create an estate plan. I'll do it later."
We know how to improve our financial lives. We know what steps we...
Jul 16, 2018
#140: Should you buy a rental property that mandates HOA payments? How do you adjust for cap rate over the years, as the property's rent increases with inflation? Should you buy an $88,500 house that rents for $1,250 a month? And can you dive into detail about how you work with contractors and property managers?
Jul 9, 2018
#139: Five years ago, at age 29, Kim E. started her first professional, salaried full-time job, working as a firefighter for the City of Austin, Texas. She received a starting salary of $42,000.
Today, five years later, she has saved:
- one year's salary ($40,000) in an emergency fund
- one year's salary ($42,000) in a...
Jul 7, 2018
#138: There’s a famous quote that’s attributed to Henry Ford.
The quote says, “If I had asked people what they wanted, they would
have said faster horses.”⠀
There’s no proof that Henry Ford actually said this. But whether or not that quote is historically accurate, the point remains. If Elon Musk had...