A JOURNEY TO FI

Estate Planning: Why It Matters and Which Option is Best for You

JJ — Mon, 13 Mar 2023 13:00:00 +0000

Estate planning is the process of arranging for the distribution of one’s assets and affairs after death. It’s an essential part of financial planning, as it ensures that one’s estate will be distributed according to their wishes and can help avoid conflicts and legal battles among heirs. In this post, we’ll explore the importance of estate planning, the main options available, the differences between a will and a revocable living trust, and the circumstances in which one might consider using...

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Embracing Change: Leaving a Job Without Leaving a Job

JJ — Mon, 27 Feb 2023 15:00:00 +0000

I have been working in a managerial role for six years, beginning roughly in 2016. My leadership journey began when I was presented with an opportunity to relocate from The Woodlands, Texas to Denver, Colorado, a place my family and I had grown to love during our previous two-year stay. Although I found my previous role fulfilling, I believed that the move to a new location, coupled with a promotion to a managerial position, was the right choice. However, in...

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Helping My Parents Downsize: From Stressful Talks to Successful Results

JJ — Mon, 30 Aug 2021 13:00:00 +0000

Time does not fly by, especially in the middle of the COVID-19 pandemic. Probably, at this time last year, we all thought we’d be out of the woods but here we are. It is almost the end of August of 2021 and we are seeing a rise in restrictions with the Delta variant. Face mask mandates are still on and I’m back to full-time work from home. No complaints on my part but hey, not all news is bad news....

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Buying a Car Online-ish

JJ — Sat, 10 Apr 2021 14:00:00 +0000

Let’s go back in time to Thanksgiving of 2020. Trust me, you’ll quickly connect the dots. For the very first time during the pandemic, we decided to let our guard down and spent the festivities at our friend’s house. Not only that, this time we decided to be in charge of the Turkey, which based on feedback turned out better than expected. We arrived at our friend’s house around 2:00 pm and were ready to leave at midnight. It was...

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Our Savings Rate in 2020

JJ — Sun, 24 Jan 2021 15:00:00 +0000

I’m always looking forward to the beginning of a new year but 2021 deserves special recognition. This past year was filled with lots of challenges but we remain grateful and optimistic for a brighter future. Don’t get me wrong, we are definitely not out of the woods but I would like to believe that the worst has passed. The holiday season just came to an end and, as usual, it feels like the right time to go back and evaluate...

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Turnkey Real Estate Investing: An Option For Out-of-State Investors

JJ — Sun, 20 Dec 2020 13:00:00 +0000

We’ve always been fascinated by real estate investing. It is an asset class that offers the opportunity for diversification, appreciation, and cash flow generation. No wonder many in the community decide to pursue it to accelerate the path for achieving Financial Independence. The math behind real estate investing (REI) is not difficult, the real challenge exists in identifying a property that generates positive cash flow. Not all markets are created equal therefore there are areas in the country where real...

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An Immigrant’s Journey to Financial Independence: One Life Live it Podcast Interview

JJ — Sun, 13 Dec 2020 16:18:55 +0000

I met Chris and Debbie back at CampFI Rocky Mountain in July of 2019. My attendance was filled with valuable lessons, but you can’t beat hanging out with like-minded individuals eager to share experiences and to learn from one another. That first night at CampFI we all gathered in a big room and kicked things off by telling a little bit about ourselves and our why of FI. If my memory serves right, Chris was still working but his family...

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Why We Decided to Refinance Our Mortgage

JJ — Mon, 14 Sep 2020 12:00:00 +0000

We recently finished the process of refinancing the mortgage on our home. Initially, we thought the effort would not be worth it; however, after setting refi goals, getting in touch with lenders, and running the numbers we couldn’t pass on this opportunity. In the end, we were able to lower our rate by 0.625% and realize a decrease in our monthly mortgage payment of 21%. Refinance Goals Initially, we debated whether or not a refi would work for us. The...

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