Our current portfolio is mostly traditional investments, including paper assets and rental real estate. However, we currently have about 5% of our money in two private loans: one to fund a fix and flip; and another to fund a growing start-up. We have considered other alternative investments (such as a coffee farm in Panama or special use facilities, like assisted living), but so far we have passed. Recently, we have [...]
March 2021
How To Prevent A Layoff From Destroying Your FIRE Plan
– Posted in: CareerIf you have a job at a high enough salary that you can save a high percentage of it each year, you can calculate how long it takes for that savings pool to eventually grow large enough that it equals years of take-home pay. For example, if your net salary is $100,000, and you frugally live off of $30,000, you can bank $70,000 each year. Say that your salary just [...]