On your path to a destination of Financial Independence, a simple but powerful goal of free & clear rental properties (a.k.a. no debt) is a good idea. Your free & clear goal might be, for example, to own 10 houses that together rent for $12,000 per month ($1,200 per house) and net $7,000 per month [Continue Reading]
Destination Financial Independence – The Peak and Plateaus of Early Retirement
I’ve never climbed extreme mountains. The idea of risking hypothermia, frostbite, and deadly falls never appealed to me. But I do love the outdoors, hiking, and ascending less risky peaks. And I love comparing the climb towards financial independence to the thrill of climbing a real mountain. But there’s a problem comparing financial climbs to real climbs. [Continue Reading]
The Rental Debt Snowball Plan – How to Get Free & Clear Rental Properties
This article is about using real estate investing to help you reach a destination of financial independence. More specifically I’ll be sharing the basics of a plan called the Rental Debt Snowball, which helps you achieve a goal of free & clear (no debt) rentals. Your free & clear goal might be, for example, [Continue Reading]
How to Retire Rich With Embarrassing Old Cars and Fixer-Upper Houses
At coachcarson.com I love to write about starting a business, doing deals, flipping houses, and finding many other ways to increase income. Our incomes are the essential engines that help us retire early and reach a destination of financial independence. But, as I also write about, more income by itself is not sufficient. There are high-income earners [Continue Reading]
When Will Your Period of Financial Sacrifice Be?
“[E]very person, unless they were born with wealth, must serve a financial sacrifice period if they live a normal lifetime. Furthermore, everyone has the option to either serve that sacrifice period while they are young and healthy or they can wait until they are old and sick.” Jim Napier, Invest in Debt I have some [Continue Reading]
Mini-Retirement: How to Retire Before You’re Ready
When will you retire or reach financial independence? I think most of us would be happy retiring (or having the option) sooner rather than later. The problem, of course, is that even with acceleration strategies it takes time to accumulate enough savings to support ourselves without having to work. Fortunately, there is another way to view [Continue Reading]