The burden of student loans can feel smothering. And not the smothered by puppies kind, but more a giant hairy man holding a semi-truck. With this being the case, people often want to know if they can get any student loan relief. Let's see what you qualify for!
Something to be aware of, if you are going to be asking for loan forgiveness from the government you can't refinance out of their loans. Keep that in mind before you do any kind of refinancing!
While listening to podcasts I came across a couple that mentioned the Health Savings Account (HSA) as the best retirement plan out there because of it's ability to be tax free when you contribute, while you let it grow, and when you withdrawal.
I found myself thinking that can't be true, these people are lying! Retirement accounts are supposed to be taxed at some point. Believe me, the government wants their cut, so how is this possible?!
Everywhere you go someone is talking about their side hustle and I am no different (even my dog Harper is on board!). Side hustles are great because they can help you get extra spending cash or if you do it right, it could even turn into a full fledged business!
Have you ever seen one of those compound interest charts that say if you invest $100 every month you’ll be a millionaire?
I first saw one of those charts when I was getting my undergraduate degree and it seemed easy enough if you used an average of 12% (historical average is 10% and from 1957 - 2018 the average is 8%). When it came time for me to start investing that is not how it went. It was more like a rock you try to skip along a lake. Just boppin along the surface and any growth I made eventually came back to the surface.
With this one change, and less work, I more than tripled what would have been my return in the stock market over the course of a year.
I know that title sounds like click bait but just continue reading and you’ll realize it’s not. You’ll learn you can create a budget and customize it to allow you to spend on whatever you want AND save money.
We'll go over the steps to make a budget and then work to personalize it for you.
House hacking is the idea of using your primary residence as an investment property. The term is most often used when talking about buying a multi unit property, so a duplex, triplex, or quadruplex. The goal is to live in one of the units and rent out the rest and live for free, or as close to free as possible.
HELLO AND WELCOME!
I'm Jake, a dude interested in personal finance and travel creating the life I choose.
In 5 years I went from living in a basement with Craigslist roommates to paying off 90k of debt, backpacking 3 continents, getting a house for myself and 5 rental units.
Read my story in the about me section.
All photos on the blog are from my travels
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