re: Tired Of Pinching Pennies!!

quote:

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You are choosing not to touch the rental income, you are choosing not to sell it for a lump sum profit, you chose to purchase a larger home at the limit of your means, without adjusting your asset portfolio to accommodate it. Man, honestly it's hard to get behind you when you are choosing to put yourself in the position you're in. It sounds like you need a compass.

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Buying a larger home was pretty necessary for the point we were at in our lives. We were outgrowing our 1,000sqft home and wanting to add more children to the family. Keeping it as a rental was a long term play for us because of the $700/mo cash flow. Knowing we dont have the funds in our personal savings, Im choosing not to touch that profit just in case SHTF.

I consider myself pretty knowledgable when it comes to financial literacy it just seems like life and the economy are making things tight.

For everyone saying tithing to the church should not be happening, that is something I will have to chew on. That is a foundational principle I have held my entire life even when things were tight and I have always been blessed in life. May think about exchanging some of the 10% for my talents though.