Do you want to make $250,000 and keep all of it tax free? If you are married that number goes all the way up to $500,000. You can keep all that money and pay NO taxes! That isn't a typo. Obviously this will take some work but here is how you can do it!
The BRRRR Method | Real Estate
The BRRRR method has been used in real estate to make people A LOT of money for a long time but the fancy acronym came around recently. BRRRR stands for Buy, Rehab, Rent, Refinance and Repeat. The general jist is you buy a run down house, fix it up, place a tenant, pull out all the money you put in and do it again.
The goal is to pull out all the money you put in but the dream is to take out more money and basically be paid to buy a house!
Sounds too good to be true? I'll explain it all..
There is nothing I like more than free stuff. Whether it is free food, mints from restaurants, furniture, I take it all! These days travel hacking is my favorite version of free stuff but I’ve recently learned there is something that comes pretty close.
Have you ever wanted a free date night? A massage? A free night in a hotel room?
Theses are all things you can get for free or even get paid to experience. Here’s how!
Do you ever look at your bank account and have no idea where your money went?
Like, I know I just got paid and haven't spent much money but there is nothing in there. I'm sure that's why they say the first step in getting your finances in order is tracking your spending. Once you have an idea of where you are spending your money it will become easier to create a budget and stick to it.
Here are the best apps to track your spending in 2020!
Could you use an extra $7,000 a year?
I know I can, and that's how much I made in 2019 doing my favorite side hustle. I was also gone for a month during the summer.
I started trying to find creative ways to make money at a young age whether that was collecting cans at construction sites, selling packs of basketball cards I made at garage sales, or just helping my dad lay tile. I've continued side hustlin' through my life and in 2018 I doubled my income and made even more money in 2019. But of all the things I do this one is my favorite!
Want to see how I got these results?
In 2018 I made $60,949.62 through side hustles which almost exactly doubled my income, let's see how I did in 2019!
Have you looked at buying new furniture recently?
Well I did and let me tell you, it can be expensive! I'm sure if you broke down the amount of time I'd spend sitting on that couch the price might make sense but I'm not here for a rational numerical point. I just wanted to vent my disappointment that all nice modern looking furniture and my budget don't mix.
This means, as with most things, I'm sticking with the frugal option. I'll be hopping in the '09 Camry and cruisin' around to second hand stores looking to buy used furniture, or best case getting it for free, and trying to make it my own. The only problem I have with that is I'm 30 now, basically an adult, I want my place to look nice. So, the best solution I've found to getting modern looking furniture is to do it myself and here is how..
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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