Search found 99 matches

by FPMLLC
Wed Dec 11, 2013 8:31 pm
Forum: Money Questions
Topic: Thinking about pre-paying home loan. Good? Bad? Thoughts?
Replies: 22
Views: 4115

Re: Thinking about pre-paying home loan. Good? Bad? Thought

This is all good advice, and I can see how it is a very personal opinion. In my situation, if I Paid it off I still have access to cash if need be via business accounts, savings, and a small nest egg that is slowly building in my safe... I already max out my tax deferred accounts and fully fun a ROT...
by FPMLLC
Wed Dec 11, 2013 5:55 pm
Forum: Money Questions
Topic: Thinking about pre-paying home loan. Good? Bad? Thoughts?
Replies: 22
Views: 4115

Re: Thinking about pre-paying home loan. Good? Bad? Thought

That is always an option, to maintain the HELOC just in case. I have about 13K in savings account, and business account is funded if it ever got DIRE. I just am really drawn to the idea of being 100% personal debt free. I know I would make more with out paying it off, but seems so far away. And With...
by FPMLLC
Wed Dec 11, 2013 4:43 pm
Forum: Money Questions
Topic: Thinking about pre-paying home loan. Good? Bad? Thoughts?
Replies: 22
Views: 4115

Re: Thinking about pre-paying home loan. Good? Bad? Thought

I have averaged 26% this year, not too surprising since the market has been doing well. And the math tells me not to pay it off. But i have three things that I am working with. 1. (not my plan but it's there) My mother is very well off, and eventually she will be gone (something she reminds me of al...
by FPMLLC
Wed Dec 11, 2013 4:12 pm
Forum: Money Questions
Topic: Thinking about pre-paying home loan. Good? Bad? Thoughts?
Replies: 22
Views: 4115

Thinking about pre-paying home loan. Good? Bad? Thoughts?

Hey guys, It's been a while since I've posted. I will update my journal later but here is my dilemma. I am currently working on a big project, and expensive one. But it's under business Tax ID, so I keep them separate. Over the past 23 Months I have Paid off Wife's student Debt - $12,439 Wife's Car ...
by FPMLLC
Thu Aug 22, 2013 12:40 pm
Forum: Transportation Questions
Topic: Decided to sell truck/motorcycle to pay off debt.....
Replies: 6
Views: 1395

Re: Decided to sell truck/motorcycle to pay off debt.....

Wow, I just saw this and it was a flash back. I ended up selling that truck and paying off all of my wives student debt. Great feeling. I bought a cheap $500 jeep that was great. I had to put some work into it, and was at a total of $1400 when I got rear ended. Their insurance company cut me a check...
by FPMLLC
Thu Aug 22, 2013 12:36 pm
Forum: Lifestyle Questions
Topic: How Will You Celebrate Achieving ERE / FI?
Replies: 23
Views: 3430

Re: How Will You Celebrate Achieving ERE / FI?

The day I realize, I have enough to survive the rest of my life, I have savings, college paid for kids, a paid off house....I'm going to sleep in. I'm going to sit in my yard, take the sun....and then what ever I want.
by FPMLLC
Thu Aug 22, 2013 12:34 pm
Forum: Lifestyle Questions
Topic: Five years... Wait, how long??
Replies: 41
Views: 4302

Re: Five years... Wait, how long??

Five years does feel like a very long time. I have found myself over the past few weeks getting off track, and even more disgusted with my job. I used to travel a lot which I loathed, but the experience was fun for a while and the money was great. Now I took a pay cut, don't have to travel, but get ...
by FPMLLC
Mon Jul 01, 2013 2:31 pm
Forum: Housing Questions
Topic: Income property
Replies: 23
Views: 3421

Re: Income property

@johnny H....slum lord is the way to go, don't hate me just yet. But I have houses that I bought very cheap, cleaned up and fixed to a safe level, and city subsidized rent is more then you can collect in a nice house in a decent area. But there is WORK involved, and programs expire, run out, or peop...
by FPMLLC
Sat Jun 29, 2013 8:29 pm
Forum: ERE Journals
Topic: My Goals for my 31st year on planet earth..
Replies: 17
Views: 1371

Re: My Goals for my 31st year on planet earth..

Ok, well today was the day. I paid off my home equity line of credit....it's zero! It took me 7/8 months but that $24,000 cloud over my head is gone. It's an odd feeling, for the past 5 years I've always had an outstanding debt there. And I've always paid something towards it. Today was the last day...
by FPMLLC
Mon Jun 17, 2013 4:47 pm
Forum: Miscellaneous
Topic: Miter v. table saw
Replies: 8
Views: 1548

<t>Depends on what you plan on doing. They are different animals. <br/> When you say carpentry, are you talking about framing a house? A deck? Or small wood working projects, like making a frame ect?<br/> A table saw is a great tool, you can do miters, dado cuts, tail cuts, and makes it easy. You wo...
by FPMLLC
Tue Jun 11, 2013 6:19 pm
Forum: Lifestyle Questions
Topic: minimalism
Replies: 19
Views: 1900

<t>Minimalism is a funny thing, mostly because its a personal journey and choice. I consider myself minimalist, but have plenty of shoes, and hold on to stuff.<br/> I think minimalism is like anything, can be more more of a personal identifier and obsession. I can see where the people who own 100 it...
by FPMLLC
Tue Jun 11, 2013 6:17 pm
Forum: Housing Questions
Topic: what is your home / apartment / van like?
Replies: 65
Views: 11195

<t>I currently live in a 1650 sq ft 3br, 1.5 bath. Detached 260sqft work shop. A 1300 sq ft deck and pool and lots of garden space. Currently own roughly 44% equity.<br/> The house is old, but we got it at a great price. The home itself is small, but we loved the huge yard. We have a daughter and pl...
by FPMLLC
Tue May 28, 2013 7:25 pm
Forum: Money Questions
Topic: SWR Alternative
Replies: 20
Views: 1275

<t>I like that a lot. I find that when I compute my SWR, it is all over the place. Given I am a ways away from ERE, I do the math now and again just to check in. <br/> @johnnyH- Same with me, I have a lot of trouble maintaining a steady passive income. With out taking dividend payments into consider...
by FPMLLC
Mon May 20, 2013 7:53 am
Forum: ERE Journals
Topic: My Goals for my 31st year on planet earth..
Replies: 17
Views: 1371

Double post

by FPMLLC
Mon May 20, 2013 7:52 am
Forum: ERE Journals
Topic: My Goals for my 31st year on planet earth..
Replies: 17
Views: 1371

<t>@GPMsgnus.....smoking I gave up, alcohol is a different story = )<br/> so April was a good month, sold my last motorcycle, after all was said and done. The difference between my Income/expenses was just over $8,000. I am thrilled,<br/> My home equity line is do $3300 which will be completely paid...
by FPMLLC
Mon Apr 22, 2013 12:08 pm
Forum: ERE Journals
Topic: My Goals for my 31st year on planet earth..
Replies: 17
Views: 1371

<t>Hey everyone. So april is proving to be a good month. I did change my goals from nov-nov to Jan-Jan, it's just easier to keep track of for the Tax year...no biggie.<br/> I am down to 7550 on the line of credit, and should be down to 3500 by the end of the month. I have been killing this debt, and...
by FPMLLC
Mon Apr 22, 2013 11:57 am
Forum: Miscellaneous
Topic: My Original ER plan needs to be reevaluated.
Replies: 17
Views: 1177

<t>Hey Everyone, thanks! I needed some other thoughts. I really do think that being a landlord is very profitable. I ran the numbers and these properties have paid me pretty well over the past few years, despite all the headaches. And right this second in my life I am ok with having to work on those...
by FPMLLC
Mon Apr 15, 2013 2:12 pm
Forum: Miscellaneous
Topic: My Original ER plan needs to be reevaluated.
Replies: 17
Views: 1177

<t>@ Larry, its not that I'm discouraged. It just seemed like I'm setting myself up for another full time job. Sure I've owned them five years and if you add it all up its probably not that often I am there, but I AM there and with more properties I will have to spend more time there.<br/> @dcj- I a...
by FPMLLC
Mon Apr 15, 2013 5:19 am
Forum: Skills & Tools Questions
Topic: How to design wood projects? (hand sketches, CAD software...)
Replies: 10
Views: 1542

<t>@bigato if you master ANY CAD program let me know, I'll hire you. I have about 20 ideas in my head for production products. I have made a few prototypes but need the CAD for both patent applications and to give them to mfg companies. I tried and it drives me insane!<br/> Sounds like you've got a ...
by FPMLLC
Mon Apr 15, 2013 5:14 am
Forum: Miscellaneous
Topic: My Original ER plan needs to be reevaluated.
Replies: 17
Views: 1177

<t>So After today, I am reconsidering my ER plan. <br/> I own two rental properties, and wanted to buy more totaling 8-10 dwellings. This would provide enough to live off of, and once they were paid off I would be VERY comfortable. Here is the problem, I only have two, and a lot of the great great d...