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TouchyMcFeely posted:I currently have just shy of $200,000 in my 401k. I'm on the fence one whether I want to start maxing the 401k out again or use that money to purchase a rental home. We'd be treating the rental home as a retirement investment meaning that profits from it would be going directly into an IRA but contributing to a 401k is just so much easier and less scary. Thankfully we have a bit of time to figure it out but for some reason the idea of being a landlord really appeals to me. A single rental house is a high-risk investment, and if it's part of your retirement portfolio it could really reduce your diversification. There are a lot of ways you could set this up, what approach are you eyeing? Purchase it inside or outside of the retirement account? Contribute how much to the retirement accounts otherwise? Etc. In other words, what are the compromises you'd be making?
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Dec 14, 2014 19:50
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Looks great. Let me help you zoom in on the low-hanging fruit:100 HOGS AGREE posted:- Find additional sources of income. What are you doing now, and what options do you see for branching out?
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Dec 15, 2014 23:42
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Those who were active in the 2014 thread see here: http://forums.somethingawful.com/showthread.php?threadid=3599878&userid=0&perpage=40&pagenumber=4#post439646372
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Jan 1, 2015 21:33
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Nocheez posted:- Reduce clutter in the house. Ooh, stealing this one. I literally have hired somebody to come in and kick my rear end into clearing out junk, the appointment is next week. It will probably take more than one. This fits in with finances sort of somehow because eventually I might buy another house in a different part of town, or even build one. I probably will want to keep the one I'm in now and rent it out, but whether I do that or sell it, it will go a lot more smoothly if I've already gotten rid of all the crap I've accumulated. Who knew you could collect this much useless poo poo in one place in five short years. Oh, and also I'm saving up cash to be able to do the buying or building without selling the current place. Since I don't have any idea how much that will cost I also don't have any idea what my savings goal is so I'm just shoving money away on the regular and trying to buy less shiny things.
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Feb 24, 2015 01:51
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Yeah, it's a real pleasure for me to check into a hotel room and have 4x the room I need for all my stuff in the drawers and whatnot.
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Feb 24, 2015 04:54
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Haha! I've done the capsule thing too and you are exactly right. They gave me one locker at the reception desk and I was barely able to cram my backpack in it.
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Feb 24, 2015 04:58
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slap me silly posted:Who knew you could collect this much useless poo poo in one place in five short years. One carload of useless poo poo has been excised from the premises! This is a financial win because
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Mar 15, 2015 13:40
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Not a Children posted:I submit that the reward for a sucessful year should be a gang tag and further that it should be this: I like! Anyone who wants this and feels they deserve it, post in here with (1) Link to the post with your original goals (2) Link to the post that tells how you did
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Dec 22, 2015 22:01
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slap me silly posted:I like! Anyone who wants this and feels they deserve it, post in here with Just to be clear, be sure you also say explicitly that you want it, I won't inflict it on the undesiring innocent no matter your achievements 
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Dec 23, 2015 01:10
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Not a Children posted:Thanks! Guess I'll embrace it since I made it. TouchyMcFeely posted:I like it and I'll take it! Sundae posted:Sweet. I like it and want it. Happiness Commando posted:I want it. Queued, holler at me if anything looks weird once they kick in. Keep 'em coming!!
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Dec 24, 2015 02:30
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balancedbias posted:YES! I want it! Queued!
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Dec 25, 2015 19:32
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Dead Pressed posted:Oh man, I want that gang tag so bad. That's badass. Oh well, glad I at least set some goals up for 2016. Pity tag since you started the 2016 thread! Queued
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Dec 25, 2015 19:34
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Omne posted:I deserve like half the tag since I accomplished half my 2015 goals Dude, you got married AND bought a house. 
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Dec 25, 2015 19:40
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spinst posted:All and all, not bad. Gang tag please! In progress!
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Dec 26, 2015 04:01
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Omne posted:Good point! I'll take it then Hahaha, my point was the opposite, getting married and buying houses are probably the two biggest BFC sins. But I guess doing it without destroying your net worth is a pretty solid accomplishment  Title change queued!
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Dec 26, 2015 19:07
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SpelledBackwards posted:Me me me! Coming your way!
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Dec 27, 2015 03:11
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GoGoGadgetChris posted:Gimme Queued. Hmm, wonder if BFC needs a Gross Cat House award
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Dec 28, 2015 01:56
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app posted:Sign me up for the gang tag! Incoming!
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Dec 28, 2015 02:41
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Claverjoe posted:I'll leave it to the person behind the tag if you think I deserve the sweet gang tag.  sorry man. Keep plugging away, this'll be a hell of a lot easier once some of your temporary stuff has passed and you did good reducing the credit card instead of increasing it!spwrozek posted:So I leave it up to you slap me silly. pig slut lisa posted:e: I do not deserve the gangtag because I went to Las Vegas last week and broke my rule about not dipping into previous days' winnings/remainders on following days. Ended down $300 farther than I would have had I not done this. Stupid stupid. Devian666 posted:I'll take the gang tag as well. I met and exceeded my goals in the most roundabout fashion possible. Did you at least maintain the $88/mo into the kiwisaver account all year?Not going to bother listing all the others. If I missed yours, holler at me. Nice work, everyone, and keep at it!
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Jan 2, 2016 00:35
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