by G. Brian Davis | Last updated Sep 28, 2020 | FIRE, Fun & Travel, Real Estate Investing, Spark Blog |
Three years ago, Becky Nova had no interest in even owning a home, much less becoming a real estate investor. Today she owns ten units and teaches women how to invest in real estate and build passive income from rental properties. “I’m a traveler, the free spirit type...
by G. Brian Davis | Last updated Sep 17, 2020 | FIRE, Fun & Travel, Real Estate Investing, Spark Blog |
Over a 40-year time horizon, even someone earning minimum wage can become a millionaire. No, really: if you invest $190 per month in the stock market at an historically-average 10% return, after 40 years you’d have $1,009,111. But what if you want to retire at 40?...
by G. Brian Davis | Last updated Sep 7, 2020 | FIRE, Fun & Travel, Real Estate Investing, Spark Blog |
Besides sounding like you’re shivering, the BRRRR method of real estate investing is an acronym standing for buy, renovate, rent, refinance, repeat. Some investors refer to it as the BRRR strategy, skipping the “rent” portion as self-explanatory. Whatever;...
by G. Brian Davis | Last updated Jul 16, 2020 | FIRE, Fun & Travel, Personal Finance, Spark Blog |
No matter how much you earn, you won’t build wealth if you spend every penny you bring in. A person who earns $75,000 and saves $25,000 per year will create wealth faster than someone who earns $1,000,000 and spends $995,000 of it. Flashy cars and imposing homes may...
by G. Brian Davis | Last updated May 28, 2020 | FIRE, Fun & Travel, Personal Finance, Spark Blog |
When the coronavirus pandemic hit, some pundits leapt to the conclusion that “the FIRE movement is dead, long live the FIRE movement!” They couldn’t have been more wrong. More than ever before, the core values of reaching financial independence ring true. When a...
by G. Brian Davis | Last updated Feb 5, 2020 | FIRE, Fun & Travel, Real Estate Investing, Spark Blog |
At 30, John Soforic was broke. But he had a vision: he wanted to earn $220,000 per year in passive income. So he wrote himself a check for $220,000, which he set aside where he would see it. By his late 40s, that vision had become reality. Not that he waited that long...