Today I wanted to look at our next several years of expenses. Most people are probably fine with looking at one year of expenses. However, we have two Big Financial Events (BFEs) colliding that will drastically change our financial picture. In 6-7 years, we'll finish paying off our primary mortgage and two investment property mortgages. Around the same time, the kids will be graduating from their expensive private school. That may translate … [Read More...]
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Passive Income Update: December 2020
We made it through 2020. Too bad 2021 is worse so far. I hope we can get through the next couple of weeks without too many incidents. I look forward to things being boring for a while. Before I fully switch into 2021, I need to finish off the financials for 2020. As always, I'll add some personal anecdotes, so you don't fall asleep with the boring financial writing. December was filled with birthdays and Christmases. Instead of doing … [Read More...]
How To Teach Kids About the Stock Market?
I'm going to go with a quick post today. I've been working on the last update of 2020, but this question came up and gave me some pause. We'll push that update to Wednesday. For the last five years, I have been investing our kids' money. They were ages 2 and 3 when I started. It was enough money from grandparents and such to get started, but also not any money that they'd miss. That's a great thing about investing money when the kids are … [Read More...]