Recent content by gravesend

i read this article a few days ago and i didn't think it added any novel ideas on how to save/invest/increase wealth. it basically said that if you want more money when you retire, you better save more when you're working.

DanTien, When I was 25 years old, my parents gave me 20k to supplement my 20k for a 20% downpayment on my condo.  I did not need the money from them, but since it was my first big-time purchase, that 20k really eased my worries.  with some money left over, i bought and sold and bought and sold...

the site is currently down, i'll check again later. what does DH stand for? I am still trying to figure out some of the acronyms.

Hi all, Just a question to see if anyone has put their goal of achieving FIRE on hold to pursue other interests, and then got back on track after all is said and done. i'm 28 y/o and would like to explore living overseas in asia.  I'm too comfortable at my current position and fear losing that...

Laurence, I've been reading about people who blog for money. I came across www.problogger.net whose owner claimed that he made $14k/mo recently. (it was his ft job) Also, i read in Kiplinger mag about a guy who's website is about his personal finance.  i think he makes a good chunk of change...

you're right. i did not take vacancy into account. with that, the # is lower. i'm usually cautious about making sure the rent at least covers the expenses (it's hard to find such a thing in NYC area unless you put a big down payment) hopefully, i'm ok with this one. i am wondering if being in a...

i am starting to worry. i am in contract to buy 2 condo apartments within commuting distance to NYC and i had planned on renting them out. But based on my calculations of projected rental income, the ROI is roughly 4%. What happens in a recession? Will rents drop because people won't be able to...

Geeman, I have some experience in r.e. "flipping"   Here's my story. I started at 24 to look for a place to buy to live in and was in contract for a 1br condo in 2002.  while in contract, I found another incredible deal and assigned the contract to a family member who at first was...

Thanks for your advice above. We (the kids) have been quite stressed lately dealing with the new construction condo and thinking about funding their retirement etc. i need all the help i can get. as for the break-ins, our theory is inline with yours and Marshac. But 3 in 6 years is just...

4% CDs? Wouldn't those terms be really lengthy? They would like to have more flexibility than that.

sometime between 10 am and 2 pm yesterday, my parents' home was broken into. these guys were pros. the metal window bars in the back of the house was pulled out of the wall. the safe in the house was broken into as well. there's been 3 breakins in 6 years. so the plan had been to move (waiting...

Nords, I know i gotta chill! And yes, i've read that book.. which makes me want to break away from the comfortable 85k even more! the best story in that book is about the man who's bigger picture was to help his people become more self-reliant. i still haven't figured out what my calling is...

peter76, thank you for sharing your experience with me. i needed to hear from someone who's going through what i'm going through. what do you plan to major in your mba program? the feeling about the job is that i don't know if i can fake my way to FIRE. I'd want to earn my way there.. or...

Hi Laurence, I just feel lost because I've been working at a job that I knew from the beginning that I didn't like, but took it out of necessity. I was laid off a month before closing on my apartment and took the first job that hired me. From then, I've applied to several jobs but haven't been...

thank you all for your comments. while i do have interests outside of work, i just can't help but feel depressed everytime i go back to the office. not only that, i also feel like a fake and that I am not contributing anything to society. how do people deal with that?