With the beginning of the New Year, comes the standard desire for change. At least for the majority of us. Well, we happen to be no different in that we know that we can do better. Therefore, when we had our end of the year budget meeting to go over all of the numbers, we decided to make a big change with our budget.
While we have a diversified retirement portfolio mix of Roth and Traditional IRA’s and a 401k, we have decided to get into another form of retirement investments. Real estate investment. As someone who has been engrossed in the real estate investment world with other investors for the past couple of years, I have learned a lot. So much so that we decided to take the plunge on our own. This is solely to diversify our retirement investments even more with the hopes of early retirement through passive income. However, we just made our first mistake!
Greetings, Frugal Farmer friends! Today we welcome Tina Roth, a blogging cohort who blogs over at ProFinance blog
. Read this awesome article and then head over and check out the great articles on Tina’s blog.
True, mistakes do give you the chance to learn, but repetitive mistakes lower the odds of success. Making one or two mistakes early in the life is okay – but make too many of them when you are all grown up, and you are sure to fail in life.
When we become adults, everyone around us expects us to be responsible with money. During teenage years, we recklessly spend money. But when we are in our late 20s or early 30s, we have to take care of it to secure our future.
It is that time in life when committing a mistake results in paying a hefty price. However, a lot of people still commit mistakes. In this article, I’ll discuss some common mistakes with money, made by us, and how to avoid them. Read more