Category: Debt

Passive Income Streams: March 2018 Report

This past month has continued to help me progress towards my two primary goals of making $7,500 from the blog and $10,000 from AirBnb! We got a few visitors this past month at our BnB, and we had a ton of bookings for the summer months! With that said, we’ve already started increasing our prices, …

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10 Ways to Save Money on Fixed Expenses

The other day I had an interesting conversation with my eight year old son in the car about debt. He asked me, “Dad, why don’t you and mom have a lot of debt? Why do you think it’s bad?” I responded, “Well, Elijah, your mom and I don’t want to be a slave to the …

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Passive Income Streams: February 2018 Report

After a slow January with Airbnb, our income streams started to pick up steam and are continuing to grow! We continued to stay consistently above $1000 in extra income and our mortgage payoff is only three months away. With blogging and giving accountability to our mortgage payoff and passive income, this has motivated me, even …

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Watching Your Dad Go Through Bankruptcy

On March 6, 2008, I received a call from my mom and dad that no one wants to receive. Charlie: “Hello” Mom and Dad: “Charlie, it’s mom and dad.” (mom’s got the phone, and I can tell something’s wrong) Charlie: “What’s wrong? What happened? Did Grandpa die?” (more silence on the far end). Mom: (mom …

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Passive Income Streams: January 2018 Report

This year has started off quickly and it has been hard to focus on my goals. We had an unexpected event in January, which derailed a lot of my goals and the weather has really been messing with our family schedule. Sometimes it just feels like all you need to focus on is the next …

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Why We’re Broke (And How to Fix It)

According to a new report by the Federal Reserve Bank of New York, total debt reached a new peak of $12.96 trillion in 2017’s third quarter — $280 billion above the previous 2008 high (and we all know what transpired around that time, almost 10 years ago). And with that, credit card debt also went up another …

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How to Stop Living Paycheck to Paycheck – Passive Income

In 2008 I read Robert G Allen’s “Multiple Streams of Income“, and it laid out a pretty descriptive picture of living paycheck to paycheck. Are you one of those people? Are you struggling just to make the minimum payments on your credit card? Are creditors calling you every day? Have you looked at creating a …

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Passive Income Streams: December 2017 Report

2017 is now in the books and boy what a year it has been. I think most people can agree that almost all asset classes have risen this year, and it has been extremely productive for our passive income streams. This year I set out some lofty goals and was able to make over $13,000 …

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Why I Got Out of Debt…Then Got Back in 2 Months Later

A 5 year goal was finally realized – walking into the bank with my wife and proudly signing the paperwork to pay off the remaining balance of the home mortgage. Years of my wife and I donating her paycheck to the cause, saying no to some of the finer things, and getting a little lucky …

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Passive Income Streams: August 2017 Report

This past month has been focused on my monthly goals and writing them down. I had a record total 19 goals listed to accomplish in August and accomplished 12 of those goals. That is a big deal to me because I’ve broken a lot of my yearly goals into the smallest measurable unit (and added some …

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