Who do you listen to?

Why would you take financial advice from someone who has filed for 2 bankruptcies, faced foreclosure, and had a mountain of debt? Perhaps you would if its because that person climbed out of that hole and you’re in that same hole and looking for a way out.  That’s the allure of people like Dave Ramsey, because that’s where he’s come from and he can help you.  I like his style, his shows are engaging, and I get why people are into it.  If you’re in a mountain of debt and looking for financial peace, Dave is your guy.

This blog is not meant for those people.

But what if you want advice from people who say they’ve retired by 40?  Even if those people are still trying to make money with their blog and their wife has to work and does the main breadwinning in the house?  Even if those people use the euphemism of retirement because they’re too proud to say that really, they’re just a stay at home dad who blogs on the side.  There’s no shame in that, but I just can’t seem to believe they can get away with calling it ‘retirement’.

This blog is not meant for those people either.

If you’ve got a decent job, paid off your debts, and are looking for the next level, this blog is for you.  Once you’ve managed to live comfortably making decent money, but money that will never make you rich, this is the blog for you.  You’ve got some extra capital that you’re looking to put to work.  Me too.  That’s what we’re trying to do here.  The problem is that extra capital is limited.  And while we’re saving up for long term things like weddings, college, etc, we are looking for ways for our money to grow faster.

My wife and I have never been in any serious debt.  We always pay off our credit cards at the end of the month.  (Yes, we do use credit cards all the time!).  We paid off our house on my 39th birthday last December and we are completely debt free.  We’re now looking for ways to use that extra capital to produce more revenue streams and play better financial defense.  This includes:

  1. Starting a business
  2. Exploring real estate opportunities
  3. Investing
  4. Exploring tax savings.

At this point we’re in a holding pattern.  There’s nothing that has come to our attention nor peaked our interest, which is why there hasn’t been a lot of activity on this blog.  Right now the market is ridiculously over valued, the housing market in Portland and other places where we want to buy is a sellers market, and nothing else has come to our attention.

Unless there is a compelling event, we are in a holding pattern.  We are saving our money mostly in cash.  Yesterday, I formed an LLC for software related activities we are going to do, and also as a way to generate some tax savings on our 2015 taxes.  (Yes, I’m planning early, and writing down costs as they come in.)

We are very patient.  We can wait for market conditions to change.  If it takes 5 to 10 years, we will be ready, and the longer it takes, the more capital we’ll have to deploy.  I’m especially excited for real estate.  We weren’t in the position to capitalize on the 2007-2008 downturn.  We had money, but our methods are very conservative.  We wanted our primary residence paid off first.  That is done.  So now the fun begins.