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How to Make $465 an Hour on AirBnB
By the end of the week, we will be three months into our 6-month AirBnb experiment. We are trying to find out how much money we can make with a rental on AirBnb instead of long term renting. We’ve previously covered what you should consider when converting a long term rental into an AirBnb. Today, however, we are going to be focusing specifically on the money you can make with AirBnb. How Much Money Can You Make on Airbnb? Buying the Condo When we decided to get into rental properties, we started out by looking for a place that we could move into. The goal was to save money by…
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September Update – First Month of Early Retirement
We’ve both officially passed the first month of early retirement, and we haven’t gone broke yet! That’s a win in our book. It’s been a month full of traveling, to FinCon in Washington D.C. and immediately afterward overseas to Cyprus. The month has been a rapid transition from hustle and bustle in the states to slower island life in the Mediterranean. This article is the first of what I hope will be many monthly updates in our ‘retirement’. We will cover spending, & income, and let those two categories tell the story of our month. Income “Work” The last of our paychecks trickled in from back when we were peasants…
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Should I Convert a Long Term Rental Into AirBnb?
Unless you’ve been living under a rock the past half-decade, AirBnb is one of the first companies that comes to mind when you are thinking of staying overnight in just about any location. There are currently over 6 million AirBnb listings. These accommodations vary wildly from a 14 bedroom mansion with a lazy river to a damn air-mattress in the back of someone’s car. The question is, should you capitalize on this popularity as a landlord? Should you seek out properties for AirBnb? Or, even easier, do you convert a long term rental property into an AirBnb? Convert a Rental Into an AirBnb As real estate investors, we’ve debated dipping our…
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How We Made Facebook Marketplace Our Bitch
It should come as no surprise that we love selling, and even occasionally buying, stuff. When we sell stuff through Facebook Marketplace, we get a small thrill. It’s essentially killing three birds with one stone. We are getting rid of something, making money, and giving an item a new home where hopefully it can fulfill its purpose. The same could be said when we buy stuff through Marketplace, except we are the ones on the other side giving new life to a forgotten item. Selling Shit Time for the good stuff. You may not know this, as we’ve been very secretive about it, but James and I are moving to…
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Side Hustle for Money
Are you interested in starting some sort of side hustle to make money on the side? Chances are, if you’re reading our blog, you have at least thought about it. What’s holding you back though? Do you not know what to do? Or is it that you don’t know where to start? Well, I’ve got some great news for you! Side Hustle Course* Side Hustle For Money If you have found yourself daydreaming about breaking out of the 9-5 grind, making some income on the side to help pay down debt, or even to save up for a big purchase, you’re going to want to start paying attention. Our friends,…
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Small Sacrifices for Big Results
In preparation for this move, we have started selling our stuff off. In doing this, we may have done a semi-crazy thing and made a small sacrifice.
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How to Put Lipstick on a Pig
What in the hell is ‘putting lipstick on a pig’? In the real estate world, this is an endearing term of dressing up a relatively shitty rental, or even personal home. Our ‘pigs’ usually have good bones, and are in good locations, but aren’t very easy on the eyes. This perfectly describes one of our duplexes. We will dive in and discuss the background of the property, first. Then, the ‘lipstick’ that we put on this pig. Finally, we will breakdown the financial result of our efforts. Background A few weeks ago, Emily and I listed one side of a duplex that had recently become vacant. To give you an…
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4 Ways To Get Started In Real Estate
As you all know, we are a little obsessed with real estate. In our opinion, it is one of the ‘easiest’ ways to reach financial independence in the shortest amount of time. Since we are still fairly young, we obviously don’t want to spend what are potentially the best years of our lives working on or for something we aren’t 100% passionate about. We are using our able bodies and minds to save and invest in real estate now so we can use that as our means of living in the future while our minds and bodies can work on other enjoyable tasks. If you would have asked me 4…
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From Janitor to Regional Manager: My 5 Year Career Path
College was never really my thing. Unfortunately, high school was incredibly easy for me and it did little to prepare me for higher education. My college experience could be summed up by a couple of years of taking bullshit classes. In less than two years, I had three different majors, and I still genuinely didn’t know what I wanted to do with my life. I suppose that I was lucky that my family was incredibly poor because Pell grants covered my tuition at the local community college. Part-time retail jobs gave me some spending money through college, and I spent every dime that came in. Once I realized how much…
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9 Fitness Side Hustles: Make Money & Look Better
Hot on the heels of our feature on the fitness episode of the What’s Up Next Podcast with our friends Doc G & Paul David Thompson, we thought it would be great to cover 9 fitness side hustles that can not only make you money but also keep you in shape. We’ve probably made this clear, but physical fitness and health are both huge aspects of our lives. There are so many similarities between fiscal and physical health. From the slow and steady accumulation of wins that culminate into a much larger goal, to the fact that there are generally no effective shortcuts. Despite what you may think, get rich quick…
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