21 07, 2017

9 Things You Need to Know About Deducting Hobby Cost Losses on your Tax Return

By | 2017-07-21T13:35:48+00:00 July 21st, 2017|Taxes|0 Comments

Part of the joy of living an affluent life is having more free time to enjoy your personal interests, passions and hobbies, such as photography, woodworking, horseback riding, and the list goes on. However, there’s an aspect of enjoying your favorite hobby (or hobbies) that you may not be aware of, and which could end up costing thousands of dollars, and causing far more stress than you bargained for: deducting hobby losses on your tax return. According to the Law Offices of Jeffrey B. Kahn, whose principal Jeffrey Kahn is certified to appear before U.S. Federal tax court, the IRS has what [...]

11 07, 2017

Taking a Second Look at a Rental Property

By | 2017-07-11T00:26:19+00:00 July 11th, 2017|real estate|2 Comments

I honestly thought I would have owned a second (or even a third) rental property by now, but it just hasn't happened.  I looked at a property with a buddy way back in 2014, but if I remember correctly it ended up being way too big of a project for my firt investment property, and I didn't even go for a second look.  Again, my memory may be a bit off but I think the buddy I took a look at it with, did go back a few times but he couldn't come to terms with the price.  As I write this post, I am [...]

7 07, 2017

My Investment Club Update

By | 2017-07-21T15:23:13+00:00 July 7th, 2017|Investments|2 Comments

It has been a few years since I started an investment club with a few friends, but I haven't shared an investment club update in over a year, so I figured why not share what we have been up to, and as important (to me), how we have been doing. Starting my Investment Club I kicked around the idea of starting an investment club for years; one of the cool things about having a regularly updated personal finance blog is that I can actually track ideas with dates.  It looks like the first inkling of an idea for an investment club occurred [...]

5 07, 2017

July 2017 Net Worth Update

By | 2017-07-05T15:18:41+00:00 July 5th, 2017|Personal Situation|1 Comment

For the past few years, I have calculated my net worth at the beginning of each month and then share how much it moved.  I realize it is a purely selfish exercise being that, even if you were a personal finance voyeur I don't share actual numbers so the peeking in would be less than satisfying.  Prior to actually calculating the numbers, I try to give a guess of how I did for the previous month.  I am pretty sure that my net worth increased a good amount this month to no fault of my own.  There are 2 reasons I believe [...]

3 07, 2017

Why do I need to use a travel credit card?

By | 2017-07-03T11:09:50+00:00 July 3rd, 2017|credit cards|0 Comments

Do you know how to take a flight to Berlin paying nothing at all? You may think this is a joke unless you see that millions of people annually economize certain amounts spending them on other services. What is more, they have a lot of pleasant benefits like free baggage check or priority boarding. In fact there is not a secret what they do, they simply use a travel credit card! 5 reasons to acquire travel credit card If you love traveling, you spend a lot of money visiting different places, booking tickets on flights and hotel rooms. Some people have enough [...]