SUMMARY SUNDAY IS A WEEKLY POST WHERE I PUT OUT A SHORT LIST OF THE PERSONAL FINANCE BLOG POSTS AND ARTICLES I LIKED THE MOST THROUGHOUT THE PREVIOUS WEEK. LINKS TO EACH POST ARE IN THE HEADERS. I HOPE YOU ENJOY THEM TOO!
My 15-Year Journey to Financial Independence
Budgets Are Sexy – June 9, 2017
Money is an important part of life. Early on, it puts food on the table and warms your house when it’s cold outside. But its ultimate power is to buy you freedom. But this type of freedom isn’t just about sipping margaritas on the beach. Financial freedom is about becoming who you MUST be. It’s about being happy, in the deepest and truest sense of the word.”
It’s somewhat common in both the Financial Independence/Retire Early (FIRE) and military communities to build wealth through real estate. This is a good case study of a guy who built his wealth through flipping houses and rental properties. What’s really interesting is that he did this before, during, and after the Great Recession, and he discusses how he got through it.
If you are interested in using real estate to increase your portfolio, I recommend checking out the writer’s blog. He is a guest on Budgets Are Sexy, so you need to go to http://www.coachcarson.com to learn more.
GUEST POST: What is “Real Estate Crowdfunding”?
Future Proof, MD – June 10, 2017
Prior to the JOBS Act, there were 2 very imperfect ways for investors to access commercial real estate: by pooling cash with other investors to buy and manage property; or by investing through a real estate investment trust (REITs). The former is prohibitively costly and time-intensive for most investors, while REITs are typically opaque, highly-correlated with public markets, prone to high fees, or all of the above. Real estate crowdfunding offers an alternative that, at its best, is more transparent than REITs, and more efficient than direct real estate ownership, with a lower barrier to entry.”
Here’s another guest post on real estate investing. If you are interested in getting into the real estate game but aren’t quite ready to actually buy a property, you can try the methods explained in this post. Personally, in addition to my rental property, I’ve been invested for several years in a real estate investment trust (REIT). I consider the mix of the two to be a good way to diversify while also learning what I like.
The Real Reason We Buy Stuff
Budgets Are Sexy – June 9, 2017
While it’s important to accept responsibility for our actions, it’s also important to not always give ourselves such a hard time too. We win some and we lose some, but either way we were making decisions with all the info and beliefs available to us at that time. You’re never going out of your way to buy something you’ll later regret! You’re buying it because you really want it in that moment and you think you’re making the right call.”
Okay, okay, I probably shouldn’t post two articles from the same blog given one of the purposes of Summary Sunday is to expose you to a bunch of different personal finance writers. But I think this quick read by J. Money goes along really well with the Personal Finance is Personal post I published on Wednesday. Plus, the Financial Independence post was by a guest writer (Chad at http://www.coachcarson.com), so it’s not really a double dip, right?
See, there are going to be times when you look back at a purchase and think “What the hell was I thinking?” That’s normal. Have you ever bought an article of clothing and ended up never wearing it? I bet that when you bought it, that wasn’t the plan. So yeah, maybe it ended up being a bad idea but it didn’t start that way. Just keep that in mind for next time and try not to beat yourself up over it.
Thanks for the mention! I’ve read both of the BAS posts, highly recommended!
They were all great!
Thanks for the shouts! So glad you liked them 🙂
Budgets Are Sexy is always a winner!