Future Article Concepts (Lazy Survey Outcomes) and Private Updates


My final submit was a free ebook giveaway. To enter to win, I requested readers to incorporate concepts on what sort of future article concepts you’d be all in favour of studying (the lazy survey) or anything in your thoughts. 

There have been 109 entrants to win the ebook and 77 messages about future content material concepts.

Lots of you wrote to say that you simply benefit from the weblog and to thank me. I’m grateful for all your encouraging messages.

As I went via your responses, I categorized them to see what themes bubbled to the highest.

I’ll use the lazy survey outcomes to plan weblog posts sooner or later. Thanks for responding. 

Within the meantime, I believed it might be enjoyable to share what I found and reply some frequent questions that most likely don’t must be entire weblog posts. 

Should you didn’t chime in final time, please contact me or go away your content material concepts and subject preferences within the feedback part on the backside. 

Present State of affairs, FIRE, Transition to Retirement

Lots of you requested about me — the place am I on the street to retirement, particulars of my portfolio, household, work, and so forth. 

It’s been some time since I up to date my Portfolio web page, so I’ll purpose to do this by June thirtieth. 

Financially, progress towards early retirement is sweet. I hit my monetary independence (FI) quantity in early 2021, giving me some flexibility.

However I’ve no plans to cease constructing wealth. 

I’m nonetheless working a full-time job in the identical profession I’ve “endured” for 20 years.

I’m going into the workplace one or two instances per week, and I’ve loved returning to company paradise.

My firm and associates are nice. The retirement plan is the very best I’ve ever seen. 

I really feel rejuvenated returning to the workplace after being caught at house for 2 years.

Cafeteria meals is free to encourage individuals to come back again. Everyone seems to be vaccinated. 

I’m grateful for the top-tier worker advantages, particularly as we’ve navigated my son’s Kind 1 Diabetes analysis

However my final two work initiatives have been difficult and never so gratifying. I’ll spare the main points, however I seek the advice of for a fancy group with numerous cash to spend, however technical and cultural sandbags restrict vital progress.

I query my profession typically, particularly since we’ve hit our FI quantity and my facet enterprise (writing, blogs) is worthwhile and will use extra consideration. 

I’ve hinted right here a number of instances that I’m contemplating leaving my profession to deal with full-time running a blog.

I take pleasure in writing and operating web sites and consider I will help extra individuals make smarter monetary selections — and make an trustworthy residing doing it. 

However I can preserve a full-time profession and facet enterprise so long as I’m motivated. 

Nonetheless, the need to focus all of my “skilled” vitality on monetary writing is robust.

Ideally, I’d work about 20-30 hours per week on my enterprise, and spend extra time on household, well being, home initiatives, journey, and neighborhood engagement.

I’d “retire” from my profession and trip my enterprise into full retirement, presumably previous age 55.

Our youngsters are 10, 8, and 6.

Leaving my profession (and the wonderful healthcare plan) is an enormous step. See Well being Insurance coverage and Early Retirement under for extra.

Plus, faculty prices loom.

There could also be alternatives for part-time work, transition to retirement, or a sabbatical, however I haven’t explored these choices critically but, and I’m undecided a hybrid method is the fitting transfer. 

When the time is true, I hope to discover a appropriate break in my challenge work and exit on good phrases. Don’t count on an enormous countdown or main announcement on RBD. You’ll know while you begin seeing extra frequent weblog posts. 

F.I.B.E.R. empowers me to contemplate choices past my conventional profession.

Earnings Investing

Earnings investing has been the first focus of RBD because the starting. RBD began as a dividend development investing and journey weblog.

However to succeed in a broader viewers, I scaled again what I write about particular person shares as a result of most individuals don’t personal them and are higher off in low-cost index funds.

We additionally reduce on touring after we had youngsters.

I began diversifying my earnings portfolio past dividend shares into peer-to-peer lending, actual property crowdfunding, and facet hustles. Primarily due to alternatives I discovered via networking for this weblog. 

Construct earnings streams. Discover the bizarre grew to become my mantra. That tagline helped to speak the broader subjects to count on on my weblog — private finance, investing, and entrepreneurship with a nod to my roots in journey.

I’ve at all times tried to write down with an uncommon perspective, preserving you guessing every article. 

Matters about passive earnings, dividend shares, product critiques, and various investments are at all times the preferred. 

So these subjects will at all times be part of the weblog.

The subsequent weblog submit I intend to publish is a brand new tackle incomes earnings exterior of your wage. Keep tuned. 

Parenting and Cash

Conversations with my youngsters about cash don’t generate a lot curiosity but.

They’re youngsters, so they give thought to cartoons, music, sports activities, mates, and their subsequent snack. 

One of the best ways I’ve discovered to get my youngsters to know cash is to take them to 7-11 with their very own money.

If you wish to see a younger mind at work, watch them spend $5 at 7-11.

Sweet vs. salty snacks, ice cream, ten forms of bitter gummies — how do you select! It offers them some incentive to accumulate extra money. 

My son loves pets, and my spouse and I don’t desire a canine (perhaps a cat, we’ll see).

So he’s exploring the concept of a pet sitting enterprise this summer season. 

We wrote a marketing strategy collectively, figuring out all of the neighborhood companies he might do (accumulate mail, stroll canines, feed cats/fish, and so forth.). Then labored on pricing and an promoting plan. 

By means of his love of pets, I’m hoping to get him enthusiastic about income, bills, and revenue. 

I’ve a spreadsheet that I name the financial institution of Dad, the place I maintain some cash and pay curiosity on cash they’ve acquired from grandparents.

My 10-year-old son set a aim to go to Australia sooner or later, so we consider his stash as his Australia fund.

My 8-year-old daughter loves pandas. She needs to go to China sooner or later.

Household journeys to those two locations could be epic commencement items.

As for investing, I haven’t began any custodial accounts aside from their Virginia 529s. I really feel a bit behind on creating non-education funding accounts for them.

Once they begin incomes cash, I’ll open Roth IRAs and contribute no matter they earn.

Or I would open three custodial accounts, contribute $100 a month into VTI, and allow them to trip. Nonetheless, investments within the little one’s identify can impression future monetary support. So there’s rather a lot to consider. 

I haven’t researched this extensively but, so perhaps that’s a future weblog submit. 

Well being Insurance coverage and Early Retirement

Lots of you requested about medical health insurance in early retirement. 

It is a difficult subject, and I don’t prefer it. 

However it’s a essential subject. 

I haven’t dug deep into early retirement healthcare as a result of my plan upon leaving my profession is to make the most of COBRA for 18 months and use that point to determine it out. 

Healthcare varies state-to-state, so researching and writing about it could not apply to most of my readers. I’m additionally hesitant to dedicate a lot brainpower to the subject for a weblog submit earlier than I would like it in my life. 

I just lately appeared into my state’s Healthcare.gov plans and located my present well being insurer’s plan. Nonetheless, I dug just a little deeper to be taught that two of the important thing medical doctors we depend on aren’t in-network (complicated and annoying). 

Healthcare is the primary purpose I’m nonetheless in a full-time profession. To go away full-time work and depend on my writing enterprise, I’ll must generate various earnings to cowl medical health insurance alone.

Now that now we have glorious insurance coverage and a life-long continual sickness in our household, it gained’t be straightforward to simply accept insurance coverage that’s something much less. 

This subject will come up sooner or later on the weblog. I simply hope I don’t pull my hair out writing it. 

My pal Fritz wrote extensively on the subject as he went via it in early retirement. So try these articles to see his detailed thought course of. 

Put up-Retirement Cash, Nicely-Being

I’m not retired but, so I don’t put a lot thought into post-retirement well-being. 

I’ll possible soar proper into full-time running a blog after I go away my profession, preserving me busy and cognizant. 

Nonetheless, mentally planning for retirement appears important after I’ve talked to retired individuals. 

Retirees who don’t have a plan for after retirement typically return to the workforce or develop into bored. 

I’ve at all times deliberate to journey extensively in retirement (see Journey part under), so retirement boredom has by no means been a priority — although I take into consideration situations the place I won’t have the ability to journey in retirement, requiring a Plan B.

There’s additionally the subject of post-retirement cash.

I don’t have an in depth drawdown technique but as a result of it’s not on my radar since I plan to maintain incomes for now.

However the fundamental thought is to reside off of my wage, facet enterprise earnings, money financial savings, and dividends main as much as full retirement. 

I intend to go away my retirement accounts untouched for so long as doable. I’ll possible draw down the standard IRAs first and go away the Roth IRAs for final. 

Actual Property Investing

Lots of you instructed I write extra about actual property investing. 

I owned a rental property from 2011 to 2019. 

From unintentional landlord to the massive sale, it was a profitable rental. We walked away with an honest money windfall. 

In the interim, I don’t count on I’ll purchase one other rental property — although I’d prefer to, maybe as a retirement exercise. 

Although our space is expensive to personal, I’d possible purchase a property close by. I’m additionally all in favour of trip properties and part-time leases.

Nonetheless, I’m apprehensive about complicating my life as I’m approaching the interval I need to journey extra.

Journey is best with fewer obligations at house. 

There are a number of methods to automate and outsource actual property investing actions, however proudly owning extra properties complicates issues. 

So I’m way more all in favour of actual property crowdfunding which affords a number of choices for proudly owning high-quality actual property with out the effort. 

Fundrise stays my favourite crowdfunding platform. I’ve been investing there for 5 years, and my returns are above 10%. 

The subsequent article I publish can have a bit extra element on the success of that funding. 

However for all issues actual property investing, I’ll refer you to my pal Chad who has a weblog and YouTube channel with glorious content material. 

Journey

For a time, journey was my calling in life.

In 2001 and 2002, I traveled for 14 months, visiting 18 international locations, spending solely $10,000. 

Once I returned, I set my retirement aim of age 55 as a result of I needed to spend my retirement years visiting locations I didn’t make it to in my 20s. 

A part of me needed to proceed touring then, however I had a stronger need to quiet down and begin a household. 

Twenty years later, I’m approaching retirement and this era the place I count on to journey extra extensively.

I nonetheless like to journey and have dozens of bucket checklist locations focused. 

However even when I retire early, my youngsters will nonetheless be in grade faculty, so I can’t simply take off for six months to observe my ardour. 

Actuality has modified.

Now, I need to journey WITH my youngsters earlier than retirement journey once they have time without work. 

It’s a part of why I’ve this facet enterprise, so I can transition from a full-time profession right into a extra versatile way of life to accommodate extra journey dates.

We’re now working via a household vacation spot bucket checklist. We went to Common Orlando this previous spring break and have a pair extra journeys to Orlando deliberate.

As soon as we’ve visited the Florida household sizzling spots, we need to increase to Caribbean and Mexico resorts. Then just a few street journeys (nationwide parks, Canada), and finally, we’d prefer to take our children to Europe, China, and Australia earlier than they head to varsity. 

We’ll use journey rewards for some flights and lodges. However these journeys shall be pricey, which is a part of why I’m nonetheless targeted on energetic incomes and constructing wealth.

Since I already write about retirement and journey (to a lesser extent nowadays), I like the concept of beginning a retirement travel-focused weblog sooner or later and personal an ideal URL for it.

Nonetheless, I’m not touring sufficient to do this now. 

Tax Planning

Fairly just a few readers indicated they’d be all in favour of listening to extra about taxes and my private tax discount technique.

Two issues:

1) I’m not a CPA or tax legal professional. So whereas I can provide you some element on how I’m coping with taxes, there are extra certified of us on the market. I need free tax recommendation too. Sadly, the very best tax recommendation comes from a CPA that understands your scenario. Right here’s my finest recommendation, max out tax-advantaged accounts earlier than investing in taxable accounts. 

2) My occupation has vital tax-related parts to it. So I sidestep many tax subjects to keep away from any potential conflicts of curiosity. Unlikely, however doable. 

Make Extra Cash

I put the making extra money subject into two buckets:

  • Passive earnings
  • Energetic earnings

Passive earnings is the long-term aim. 

Energetic earnings is the place we will transfer the needle within the close to time period. 

Incomes earnings from writing is rather more fulfilling than working for a corporation. The work I put into it will increase the monetary output.

That stated, I don’t need this weblog to develop into a weblog about running a blog. A number of well-known private finance blogs have gone in that path. It’s not my intent right here. 

There are additionally different niches in private finance about utilizing apps or surveys to make more money quick. That’s not my factor, so I most likely gained’t write about these merchandise right here.

So I typically confer with my writing enterprise, and I would even recommend that you simply begin a weblog as effectively (it’s a really low-cost endeavor) — or a YouTube channel, podcast, or no matter suits your ardour and the wants of others. You’ll want an internet site for all of these if you happen to intend to monetize your enterprise. 

Something I write right here shall be about passive earnings or energetic entrepreneurship.

Different Investments (Together with Crypto)

Different investments have develop into one of many extra gratifying subjects to write down about as know-how and loosened laws have opened up so many new asset lessons for strange buyers. 

I do intend to write down extra investing platform critiques and comparability posts about options as a result of I consider options deserve allocations in fashionable portfolios. 

Nonetheless, I desire various investments that produce earnings and have intrinsic worth.

That’s why you haven’t learn a lot about Bitcoin, DeFi, Ethereum, and NFTs right here.

I don’t see worth in them past being price what another person can pay

You might be welcome to dabble within the crypto house, and I could finally, if the proper of asset comes alongside. 

The know-how and international economic system surrounding the know-how are thrilling. I’m all in favour of seeing the place this large new trade and the keenness round it takes us. 

However I’m not going to purchase a crypto asset in hopes that the subsequent man can pay greater than I did. 

Bonds

Bonds are boring and traditionally underperform shares over the long run. So in my youth and main as much as my mid-40s, I’ve by no means been that . 

I personal about 10% bonds in my retirement accounts via index funds. I additionally personal municipal bond ETFs for tax-free earnings in my taxable accounts. 

As charges rise and I age into my 50s, I count on I’ll write extra about bonds. 

On the finish of 2021 and this January, I purchased my first I-Bonds from TreasuryDirect.gov. $20,000 price complete.

These bonds have gotten loads of press just lately as a result of they’re now yielding 9.62% for the subsequent six months — a virtually risk-free yield from the U.S. Authorities.

There’s a weblog that focuses on I-Bonds known as TIPS Watch, the place I’m discovering invaluable info. 

That 9.62% charge is sweet for the subsequent six months after you purchase them. Curiosity is tax-deferred. There’s loads of time to make the most of them. However there are limitations ($10,000 max funding) and liquidity restrictions.

I’ll write about these in additional depth in my subsequent weblog submit (focusing on Might nineteenth).

Different Matters Folks Introduced Up

These have been the most typical responses, however I acquired a number of different subject strategies.

Right here’s an inventory with just a few feedback: 

  • Monetary Advisors — I desire DIY monetary administration. Should you do get an advisor, go together with a fee-only fiduciary. Vanguard is the very best deal I’ve seen. It solely expenses 0.30%.
  • Franchising — I don’t have experience right here, and I desire on-line companies which have a lot decrease startup prices. 
  • Automotive Shopping for — Pay money if you happen to can. Purchase used or entry-level fashions with out leather-based and pointless extras.
  • Fund charges — Search for the “expense ratio”. Index funds have expense ratios underneath 0.10%. Keep away from funds with charges increased than 0.75%.
  • Sustainability — I like this subject rather a lot. It’s an space I need to discover extra, presumably with one other weblog sometime (specializing in the individuals and firms tackling massive issues).
  • “Take away the worker mindset” — Due to Shawn for this phrase; I could flip it right into a weblog submit.
  • Minimalism — I really like this subject however wrestle to persuade my household it’s price it. I’m at all times decluttering, however combating a family that doesn’t GAF. Makes it irritating. 
  • Mindset — Worker, retiree, creation mindset. Issues to consider.  
  • Choices Investing — I used to dabble in choices and made cash with lined calls and LEAPs. However they take an excessive amount of brainpower and a focus for a part-timer. 
  • Money Financial savings — Excessive yield financial savings charges ought to rise this 12 months. I exploit Marcus and prefer it. 
  • That means of Life — Want I knew. Strive this ebook.

Sloth photograph by way of DepositPhotos used underneath license.

Favourite instruments and funding companies proper now:

Credible* – Now is a superb time to refinance your mortgage and save. Credible makes it painless.

Private Capital – A free software to trace your web price and analyze investments.

M1 Finance – A prime on-line dealer for long-term buyers and dividend reinvestment (assessment)

Fundrise – The simplest approach to spend money on high-quality actual property with as little as $10 (assessment)

*Promoting Disclosure: RBD companions with Credible which affords charge comparisons on many mortgage merchandise, together with mortgage refinances and pupil loans. This content material just isn’t supplied by Credible or any of the Suppliers on the Credible web site. Any opinions, analyses, critiques or suggestions expressed listed here are these of the creator’s alone, and haven’t been reviewed, accredited or in any other case endorsed by Credible. RBD is compensated for buyer leads. Credible Operations, Inc., NMLS Quantity 1681276, not out there in all states. 320 Blackwell Road, Suite 200 Durham, NC 27701.

 

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