Financial Independence Interview for EvenStevenMoney

interviewI had the pleasure of being interviewed for a financial independence interview for blog called Even Steven Money.  As I have done a few of them in the past, for other blogs, I find that they are always a great inflection of my own goals.

The questions make you think and put down some thoughts on paper.  The interviews become part of your permanent “internet record” that you (and others..) can look back on and reflect.

In this interview, I go through some of my background, financial independence goals, motivations, and some random thoughts.  As I wrote the answers to the interview, it did remind me of some of my past.  I have some a long way from my start, just a kid that always thought I would wind up in jail at some point.  (For the record, I have never been in a jail cell except for on a jail tour.  Getting bailed out before you get put into a cell doesn’t count.)

You can read my full interview here

Let me know what you think of the interview?  I may post more about my background in a future post, stay tuned.

 

4 Replies to “Financial Independence Interview for EvenStevenMoney”

  1. I loved the interview. One question I have on your retirement goals and funding – it seems like you aren’t counting on the cashflow or equity from your properties at all. Is that correct? If so, why not? Not asking out of criticism, just curiosity. It seems like you could easily have retired years ago by living off the rental income alone. (Not criticizing – just curious). Your blog is an inspiration. I have a 3 unit building that I live in – some day I hope to build up to a much larger inventory like you!

    1. Thank you for reading!

      I am counting on my rental income between now and when I turn 62. At that time, I may start to sell rentals, or have them managed. Or hire an employee to manage them. The rentals produce almost $14K a month if I manage them myself. Doing a bit of work, like showings and some minor maintenance, I can squeeze even more out of them. At least another $1K a month. I only need ~$4K a month, so I definitely have a surplus, and I intend to spend a bit more with the extra time I will have.

      I could have given up the FT job years ago, but I was too busy getting ‘deals’, and rehabbing, I didn’t have time to stop and think about it. Even now, it makes me a bit nervous giving up a 6-figure income with my FT job.

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