Financial Stage 2: Stabilizing

Are you in Financial Stage 2: Stabilizing? You are at Financial Stage 2, Stabilizing, once you have calculated your personal net worth, developed your financial plan and budget, and you are working on a positive money mindset.  You will remain in this stage until you have achieved a few more financial milestones.  Financial stability is …

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Generosity Series: Part 5: How Much to Give

Are you giving to little, too much, or just the right amount of money?  When your income goes up or you get a bonus or inheritance...how much should that change your giving?  Should your giving be a percentage, a dollar amount, or something else?  Should giving look different if you can't pay your bills, living …

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Generosity Series: Part 2 – Budgeting for Holiday Gift Giving

Surprise, it's that time of year again!  Time to start thinking through giving gifts for the holidays.  Holiday gift giving can be a real budget killer.  Let's face it, it's really easy to overspend to show others you love them by giving them gifts.  In today's world of larger, more extended family units it can …

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Rental Real Estate Series: Part 3 – Analyzing Rental Real Estate Returns

When analyzing rental real estate returns you should at least consider the tax implications and the cash flow.  Over time, I have changed my analysis approach here and there but I do like to keep it pretty simple still.  You can get bogged down in the analysis if you get too in-depth on it.  The …

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Rental Real Estate Series: Part 1 – The Largest Landlord Expenses

When the rental market is great it’s easy to look past what may be your two highest expenses when you own rental real estate.  You may not even have these expenses when the market is really good. However, over the long term these will creep up on you and when they hit it can be …

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There is great joy to be found in being generous with money

Without giving, Financial Independence is worthless. If you are like me, a great driver for Financial Independence is the ability to give. If not, welcome to a whole new world. There is great joy to be found in being generous with your money. You will be known not by what you own, but instead by …

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How to Budget Series: Part 5 – Pulling it all Together

Now that we've completed the Budgeting Series, let’s pull it all together on what we have worked hard to achieve.  By this time we all have a good start on our monthly outflow, income, priorities for extra income, and how it all works together given your cash flow.  You now have the foundation built and …

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