Written By Paula Pant
Hey! I know you love numbers, so I’ll cut to the chase:
Last year, our rental properties earned $125,618.49 in gross income.
After expenses (including the mortgages), the properties netted $43,211.67.
This is our passive income from real estate in 2017. It’s the cash flow the properties put in our pocket last year.
And […]
Written By Paula Pant
There’s a scene in a classic 1950’s TV show, The Jack Benny Program, in which a mugger points a gun at the title character.
“Your money or your life,” the mugger says.
Jack Benny is silent.
“I said, your money or your life!” the mugger repeats.
“I’m thinking it over!,” Jack replies.
The scene […]
Written By Paula Pant
Today is the 10-year anniversary of the day I quit my job.
More accurately, it’s the 10-year anniversary of my last day of employment. Exactly 10 years ago today, on April 4, 2008, I finished my final day as a salaried employee.
I have never been employed by someone else since.
The notion that […]
Written By Paula Pant
“My dreams feel impossible. Everything is so far away. Five more years until I pay off the car. Twelve more years until I pay off the house. Do I have to wait until I’m 50+ to enjoy life?”
______
Let’s say you have a goal that’s audacious and unconventional.
You want to create […]
Written By Paula Pant
Once upon a time, in southern California in 1994, there lived a man named William Bengen.⠀
His friends called him Bill.
Bill was born in Brooklyn, and he studied aeronautics at MIT. He wrote a big paper on advanced model rocketry. Then he became an executive at a soft drink company. Finally, 17 years […]
Written By Paula Pant
A few years ago, my friend J.D. Roth told me a story that’s stuck in my mind ever since. ⠀
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During his 20’s and early 30’s, J.D. was broke and in credit card debt. But in his mid-30’s, he started a business, and within three years, he sold it for a […]
Written By Paula Pant
I live in a two-bedroom condo. It’s furnished with a used couch and used coffee table.
My shoe rack is made from old cardboard boxes glued together.
Almost everything else in my home is from Craigslist, Amazon and Overstock. I consider IKEA to be a splurge.
My favorite hobbies are hiking and camping (free […]
Written By Paula Pant
Brandon always wanted to be wealthy. He just didn’t know why.
“I don’t like fancy cars, and big houses just seem inefficient,” he said. “I just wanted to have money to manage.”
But in 2011, Brandon discovered the concept of financial independence.
“That just blew my mind — it was just like, oh, I […]
Written By Paula Pant
Here’s the funny thing: I hate flying.
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Yet I’ve taken 18 flights in the last 9 months. Including one Wednesday. And my next flight is today.⠀
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To be clear — I’m not afraid of flying. I just don’t enjoy it. It’s noisy. It’s cramped. I can’t sleep. I […]
Written By Paula Pant
I live in Las Vegas. This is my home.
Here are a few things that happened today:
Thousands stood in line for 6-8+ hours to donate blood. Hundreds more donated water, snacks and shade. Locals gathered on Facebook to offer free housing, rides, and pet-sitting for victims and volunteers. Airlines donated free flights to […]
