Is It Time To Buy a Condo?
This pandemic has really done a number on the housing market. Busy metropolitan cities like New York, London, and Madrid that were previously red-hot became radioactive as the pandemic shut downtown cores down. The closing of amenities like cafes, restaurants, and gyms and the shift to remote work made thousands of people look around and ask “Why am I paying so much to live here?” And it’s not just the pandemic messing things up. Here in Toronto, condo prices have historically been made artificially expensive by real estate speculator/investors who would snap up dozens of units at a time and […]
Reader Case: Dentist in Debt
Gross/net annual income – ~$125000 USD. I recently got a job in the public sector, but am hoping to get a part time job in the private sector to supplement my income. Monthly spending Rent – 1225 (just moved to a cheaper place. I live in PDX.) Disability Insurance – 216 Cellphone service – 36 Internet – 38 Electric – 70 Hulu – 1.99 Renter’s Insurance – 11 Car Insurance – 66 Malpractice – 82 Gas – $90 For “fun” spending, I try to keep it between $1200-1400 per month (I’m working on curbing that more…mostly reducing clothes shopping) Debt Dental […]
Can the Gamestop Saga Crash the Stock Market?
On a wall in our apartment is a section covered with post-its that both FIRECracker and I use to store potential article ideas. On one pink post-it are the words “Robinhood + Gamestop” I had put up there a few weeks ago when I had noticed something strange happening on the financial markets. Back then, there was a strange amount of chatter and interest in a random stock, Gamestop, for seemingly no reason. Similar things had been happening to other companies like AMC and Blackberry, and it was causing their stocks to spike to the complete surprise of the people […]
From Broke and Homeless to $100k in 1 Year
“Your book changed my life” That was the subject line of an email we recently got, so of course we had to read it. Inside was one of the most inspiring stories that have ever crossed our inbox, and the fact that our book had even a minor role to play in that was beyond humbling. So we reached out to the reader asking if they’d mind if we shared their story with our audience, and to our surprise they graciously agreed to be interviewed. This is her story. In 2019, you were in a pretty bad place. Can you […]
The Wealth Trap
During our normal nomadic existence (which we are super chomping at the bit to get back to any day now), we get to meet all sorts of interesting people: entrepreneurs, digital nomads, World-Schoolers, friends from the FIRE community. And because we had been travelling so long, we had gotten into the habit of thinking that was normal. But now that we’ve been back in Toronto for a year, we’ve become re-acquainted with a type of person that we thought we had left behind: Home Boners. Basically people who’ve bought way too much house, are leveraged up to their eyeballs in […]