We posted before about how we are targeting FIRE in stages of increasing spending levels: Our stage 1 is relocating full-time to Costa Rica and a level of spending that can easily be covered by our current income streams. This first stage is also purely hypothetical -- a Plan B option we set up just in case we need to drastically reduce our spending. As of now, the longest time [...]
With the upcoming tax season comes the inevitable reckoning with our numbers and seeing how we are doing with our businesses, mutual fund accounts and investing in real estate. We had no new acquisitions but still had six real estate closings in 2019! We did a cash-out refinance on our Florida duplex to pay back a private loan we took from a friend. We also sold our entire portfolio in [...]
During the morning of Christmas Eve, our family of four was in midtown New York City, but not for the Rockefeller Center Christmas tree. Instead, we were at a law office signing important documents everyone should have (and more paperwork than a typical real estate closing!). Our daughters signed their power of attorney documents, which name who can take over their financial accounts and decisions if they are unable to [...]
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