Matching Expenses with Passive Income
In my past 2 posts, I shared how I spent nearly $200K last year and how I’m about to purchase a brand new fourplex in Indiana that should yield about $70K per year. Today, I’ll talk about how the fourplex fits into my goal of getting my passive income to match my expenses. Let’s see where I am today and how much work I have left to go!
Investing in a Pre-Construction Fourplex
For years, I’ve been interested in a unique real estate investment model in which investors buy turnkey fourplexes before they’re built. This allows investors to buy a property at a lower price than they would pay for a finished building. However, for the past 10 years, I have miraculously found an excuse not to pull the trigger. But finally, last year I took the plunge! In this post, I’ll share with you how the process works and what the numbers look like.
Reaching Financial Independence in Silicon Valley With $10,000,000
Financial Independence, Retire Early, AKA the FIRE movement, has become a major theme among millennials this past decade, including myself. Shortly after you start reading about it, you’ll learn that FIRE means different things to different people. In this post, I’ll give my take on what FIRE means to me, why I think it’s important, and how I determined my FIRE number. That is, how much money one needs to reach financial independence and retire early.