It's the middle of the month and that means it's time to review August 2020's passive income. August was a mess because our tenants broke their lease and we proceeded to list and sell our condo. We're trying to do a 1031 exchange which means that if we act quickly we won't have to pay taxes on the gains. The goal would be to have the property closer to where we live now. Unfortunately, we haven't been able to identify and move forward on … [Read More...]
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How to Remove Tech Risk from your Portfolio
One of the best things you can do financially is to set up an automatic purchase of a broad-based stock index. For many people, it's a mutual fund that mirrors the S&P 500. You can set this up with companies that charge very low investing fees such as Vanguard, Fidelity, and Schwab. The above is probably the least controversial advice in the world of personal finance. If I wanted to live up to my Lazy brand, I simply just point you to that … [Read More...]
It’s Back to School Day!
I hope you had the Labor Day weekend possible. As usual, we have to grade everything on a 2020 curve. Today is the first day of school. Every parent should be singing along with the Staples commercial below: Unfortunately, there are only a few parents able to celebrate. It is with a lot of guilt that I write that we are dropping them off at the school and leaving. Think of how strange that sentence is. I'll save (most) of my … [Read More...]