I have a love-hate relationship with owning rental property.
On the one hand, my rental properties are one of the main reason why I had the confidence to leave work behind. On the other hand, my rental properties are my main source of investment stress.
Whenever there is a tenant issue or a maintenance issue, my mood sours. Weird situations always arise that are hard to predict.
To counteract this change in mood, I’ve had to change the framing. Instead of seeing my rental properties as a source of passive income, I now view them as having a part-time job.
As a fake retiree, it took years for me to accept this mental shift because it felt like going in reverse. But the shift has made a positive mental health difference whenever I need to spend time dealing with rental property issues. Now when issues arise, I no longer feel
During the pandemic, we learned that Americans can save a lot more money if we want to. Take a look at the historical American personal saving rate chart according to the U.S. Bureau of Economic Analysis and the St. Louis Fed.
After lockdowns began on March 18, 2020, the U.S. personal saving rate skyrocketed from a respectable 9.3% pre-pandemic to an impressive 33.8% in April 2020! Americans suddenly decided that saving money during a time of great uncertainty was a priority. So that is what we did.
As the initial six-month shock of the pandemic began to wear off, Americans decided to lower our saving rate to 13.3% in November 2020. Then, when news of a new strain of COVID emerged in the beginning of 2021, Americans decided to increase our saving rate again, reaching 26.3% in April 2021.
Since April 2021, the personal saving rate has steadily declined
Since 2012, I’ve been arguing that freedom is priceless. After giving up a healthy income and my career for more freedom, how could it not be?
But maybe I’ve just been telling a lie to make myself feel better about not being richer! We lie to ourselves to help justify our decisions. Otherwise, we might feel like idiots for giving up so much.
In this article, I’d like to explore when freedom matters most. It seems all freedoms are not created equally and have different values at different ages.
Jail Time For Money
For example, in a past newsletter I had erroneously calculated Elizabeth Holmes would only serve half her 11.25 years sentence with time off for good behavior. A part of me entertained whether I’d be willing to give up 5.625 years of my life for $4.5 billion if I could get away with what she did.