Housing for Profit? An Update from Sandra Rinomato

I recently posited:  Is it worth it to get a larger mortgage to increase your potential resale value? As you know from my Budget Struggles, housing is my biggest expense and one I hope to cut down to fuel momentum in My Early Retirement Journey.  After binge watching Buy Herself on Netflix, I thought I …

Season 1, Episode 4 How I Negotiated Down My Rent

BACKGROUND. As I mentioned in my early  budgeting struggles, housing is my biggest expense and almost caused me to give up on My Early Retirement Journey altogether.  Before my light bulb moment to make my budget work for me instead of the other way around, housing costs really threw a wrench in my 2018 outlook. …

Season 1, Episode 3 The Case for Geoarbitrage

So one of the initial stressors of budgeting was finding an affordable place to live. Therapeutically unsound, my thoughts exist in an all or nothing world. In my proposed spending budget of $2,500/ month, the recommended spending on housing (30%) was $750/month, all in. At my current spending, I was spending about $1,000/ mon on …

Season 1, Episode 2 – The Budget (Feb 2018 edition)

OVERVIEW SAVINGS GOAL: $600K OBJECTIVE: (shooting for the stars) EARLY RETIREMENT: $600k   DEFAULT: ($300k, landing in the clouds) 10 YEAR SABBATICAL @ $30K/YR GOAL DATE: 2028 (Labor Day) Age 44 GROSS SALARY: $89,440 ($43/HR) NET SALARY: $67,080 (estimated at 25% TAX RATE) SPENDING BUDGET: $2,500/ mon ($30K/YR) SAVINGS BUDGET: $3,115/ mon total (37K/YR) *Using the …