by G. Brian Davis | Last updated Feb 10, 2023 | FIRE, Fun & Travel, Personal Finance, Real Estate Investing |
I don’t pay a dime for housing. Before that, I only paid around 30% of my mortgage payment. How? By finding ways to have other people pay my housing costs. It’s called house hacking, and there are many ways to achieve it. Not all of them require you to move or buy a...
by G. Brian Davis | Last updated Jan 20, 2023 | 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 Dec 20, 2022 | 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 at an average historical stock market return of 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 Feb 10, 2023 | 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 method, skipping the “rent” portion as self-explanatory. Whatever; semantics....
by G. Brian Davis | Last updated Nov 2, 2022 | FIRE, Fun & Travel, Personal Finance, Spark Blog |
Feeling a little “blah” about the idea of a traditional apartment or a suburban house with a white picket fence? You’re not alone. From the rise of tiny homes to the spiking interest in green housing ideas, people from all walks of life are rebelling against...
by Tara Scott | Last updated Jan 26, 2023 | FIRE, Fun & Travel, Spark Blog |
When you can cover your living expenses with passive income from investments, working becomes optional. Turns out there’s a term for that: financial freedom, also known as financial independence. In other words, freedom from the daily job to make ends meet, freedom...