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Always thinking!

March 30th, 2018 at 01:52 pm

Hi all! It's been awhile since I've posted. I have financial things running on autopilot, with my usual maintenance. Other life things have kept me ridiculously busy. I just concluded a work project that took about 8 months to complete, along with my extremely heavy normal workload. So thankful it's over! That was really tough. It had me evaluating my life goals (which I do anyway), with some serious thought. I dream of retiring in about 8-9 years, and we are prepared for that. We have diligently saved for retirement, at times 50% of gross income, which was really easy to do before kids. The % has reduced in the last 10 years, but our income has steadily risen. At this time, we contribute 25% of gross to retirement, it has never been less than that. I absolutely love my job. But it is stressful at times. So I'm looking for ways to have it all and be happy...chill out about work, stop the all-or-nothing attitude about work...I can enjoy my life and still work! I think it takes a change in mindset which I've been working on. I used to dream of being bored 😂 I don't even know what that is! But do I really want that? Is it ideal for me? Probably not, as I enjoy being busy, productive, talking with people, doing things I enjoy. Just doing a lot of self reflection lately.

We just recently purchased another residential rental property. We've finished the repairs and upgrades and it's ready to rent. I strongly believe in multiple sources of income, now (to prepare for the future) and into retirement. I also started a fun side business that I'm thoroughly enjoying, but the extra income will be put to good use!

Happy Easter everyone!!!

7 Responses to “Always thinking!”

  1. creditcardfree Says:

    I'd love to hear more about your rental properties at some point. For example how much did you purchase for, put down and what will you rent it for?

  2. Bluebird Says:

    I'm happy to provide additional info. We've always put down 20%-25%. Rental no. 1 (purchased for $70K) was my residence before meeting DH, we kept as a rental when we bought our home together. It was paid off at one point but currently has a mortgage balance that is 50% LTV (current value of $115K) at a very low interest rate, cap rate is 10%. Rental property no. 2, no mortgage balance, rented to a family member at below market rate. Rental no. 3 is the new rental property (purchased for $190K) should be a 10% cap rate.

  3. FrugalTexan75 Says:

    Sounds like things ae going well for you.

  4. creditcardfree Says:

    Thanks Bluebird...I'm always thinking too, and thus curious.

  5. Amber Says:

    Thanks for the post, I needed the reminder about work.
    Happy Easter 🐣

  6. rob62521 Says:

    It sounds like your job is fascinating; I don't think you would handle being bored from what you wrote.

    It sounds like you are on the right financial track as far as retirement goes. Good for you!

    Hope you have a blessed Easter!

  7. Bluebird Says:

    Happy Easter Amber and Rob!

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