NP’s FIRST 5-Step Financial Plan

I know, I know — I still need to write up my next progress report post. Before I get to that, though, I want to write up something on a new little thing I’m going to be tackling from this day on: small, doable, 5-step financial plans. Here’s my first one:

  1. Get mortgage on RENTAL PROPERTY
  2. Pay off DISCOVER loan
  3. Save $3,000 for EMERGENCY FUND
  4. Pay off CREDIT CARD debt
  5. Buy 2nd RENTAL PROPERTY

Yeah, it’s a pretty basic, but it’s my plan going forward: a simple, and most importantly manageable, 5-step financial plan to help get myself back on track and chugging along!

Continue reading

Life, Job Update & Rental Property Success!!

Hey, it’s been a while!

I haven’t forgotten about this blog — I simply haven’t had much to say in regard to my financial journey since I’ve been out of work since August due to my hectic fall semester schedule and my chronic illness. I’ve also been super busy fixing up the house that I’d bought back in late June.

Life and Work

First of all, about my job — I hate it. It’s draining, having to deal with talking to 40 to 60 different people everyday, dealing with their problems and sometimes even getting yelled at. Sure, the pay is decent, but it’s not worth my sanity and well-being. So having to take a leave of absence for school did not require any second thought.

Speaking of school — I don’t believe I ever mentioned it, but I’m currently finishing up my degree in secondary education: a high school teacher, basically! I’ve got one semester left, which is student teaching. I’ll be doing that next fall, but in the meantime I’m back at my cushy and boring-as-hell insurance job. Once I finish my degree and earn my teaching certification, I’m quitting my job and jumping into the world of substitute teaching ASAP — I’m not quite ready to be a full-time teacher, haha.

The Rental Property

Now, as for the house — it’s all fixed up and rented out! It took a lot longer than I anticipated on the repairs, but it was an absolute breeze to rent out once it was finished. I currently have some great tenants in there, who I rarely ever hear from unless it’s time pick up the rent. Nice!

I’ll post the “financials” in my next progress update post, which I’ll be writing up soon!

NP.