If you’ve been following for a while now, you know that I bought a house in 2016 with the intent of eventually turning it into a rental property. I started off living there while renting out the basement so that my living expenses were reduced by more than half. As of about a month ago, I moved out and rented out the entire townhouse which covers the mortgage and I make a bit of income each month.Read More
On the surface, assets and liabilities seem to be very straightforward.
Assets are things that make you money and liabilities are things that cost you money. However, once you take a deeper look, you might find that something you might have originally thought to be an asset is actually a liability.Read More
In May of 2016, at 24 years old I bought my first property while making a little less than $50K a year. Following the purchase of my house I was promptly congratulated by friends and family and you can bet my parents were bragging to whoever would listen. I had friends say “man, I really need to get my life together, you already have a house!” The purpose of buying my house was not to check a box on the long list of societal expectations.Read More