Trey

#PersonalFinance site dedicated to helping others achieve #FinancialIndependence and #RetireEarly

[Trey @BuildYourFIRE]

Our cheat sheet to FIRE infographic is live! Hope this helps those who need a quick reference guide or motivation on their path.

https://t.co/nLMDixzBhd

[Trey @BuildYourFIRE]

@GoCurryCracker Volunteer management is often time-consuming for staff so they reserve it for smart people like you who are truly dedicated to the org and can help in a real way based on their skillset. The smaller the group, typically the easier it will be to get involved.

[Trey @BuildYourFIRE]

@GoCurryCracker Find an organization you really like, make a major gift, and then reach out to them to get involved with your time. If you get close enough to them you can join their board. Typically boards have sub-committees one of which is probably involving money management.

[Trey @BuildYourFIRE]

@TreadLightly_RE I've been vegan for several years - let me know if you need any help!

[Trey @BuildYourFIRE]

Considering Fidelity’s new 0% expense ratio mutual fund? Read this first.

https://t.co/3xQ8xkHIqR

[Trey @BuildYourFIRE]

@Guyon_FIRE @HackToFI @MastermindWithi @CoachChadCarson Ahhh. Ok. That is good to know. I thought I'd just have to guess.

[Trey @BuildYourFIRE]

Any house hackers out there? I have some questions about how to do a deal analysis and loan types.

[Trey @BuildYourFIRE]

@Guyon_FIRE @HackToFI @MastermindWithi @CoachChadCarson Glad to hear a success story here. How did you come up with the reno amount for the loan?

[Trey @BuildYourFIRE]

@HackToFI Awesome. Thank you for your help!

[Trey @BuildYourFIRE]

Make sure to follow this FI hack pro!

[HackToFi @HackToFI]

House Hack: This is what our house hack numbers look like, and it is why we are so passionate about helping others do the same. $20k a year saved on housing expense compared to our old… https://t.co/dn6KoTIRwr

[Trey @BuildYourFIRE]

@HackToFI @MastermindWithi @CoachChadCarson @Guyon_FIRE And that is "break even" with vecancy, capex, maintenance ect, right? Also, if you break even now, is it safe or speculative to assume that in two years when/if you move out to your next property it will,be CF+ due to rents increasing?

[Trey @BuildYourFIRE]

@HackToFI @MastermindWithi @CoachChadCarson @Guyon_FIRE I know the biggest advantage is the savings. Becuase of this, I'd like to use an FHA/FHA 207b loan, but that makes it a lot harder to find an immediately cash-flowing property.

[Trey @BuildYourFIRE]

@HackToFI @MastermindWithi @CoachChadCarson @Guyon_FIRE Yes! That is why I'm thinking about a duplex. Basically, do you do the deal analysis as if you were going to rent out both sides of a duplex and make sure they cashflow? I'm assuming yes.

[Trey @BuildYourFIRE]

@FIIntrovert So true.

[Trey @BuildYourFIRE]

Remember channel flipping? I find it crazy that I used to sit down to watch TV and have no idea exactly what I wanted to watch. So much time wasted.

[Trey @BuildYourFIRE]

@StephTheBlogger Right?!?

[Trey @BuildYourFIRE]

@DamnMillennial_ We bought it as our main home, and it ended up cashflowing after two years. Figured it was time to give the landlord thing a shot.

[Trey @BuildYourFIRE]

Just got my first ever rent check.

[Trey @BuildYourFIRE]

@RealFinanceGuy1 I think we're on the same page. My point is that if you just picked one of these companies back then to put all your investment money in, you'd probably have $0 now. Although I think some of these companies are still around in some form (ex: American Sugar is now Domino Sugar).

[Trey @BuildYourFIRE]

Why are index funds > single stocks? Here was the first $DJI list. The "safe" stocks in 1896:

American Cotton Oil
American Sugar
American Tobacco
Chicago Gas
Distilling & Cattle Feeding
GE
Laclede Gas
National Lead
North American
Tennessee Coal and Iron
U.S. Leather
U.S. Rubber

[Trey @BuildYourFIRE]

@BudgetEpicurean No, but I'll check it out. Saw that GE was knocked off the Dow so I looked up the wiki like a huge nerd.