Should you read Rich Dad, Poor Dad?

If you, like me, listen to real estate or financial independence related podcasts, you probably have heard people mentioning Rich Dad, Poor Dad by Robert Kiyosaki as their favorite Real Estate related book. There is even a person who counted it! In about 300 episodes of the Bigger Pockets Real Estate podcast, the guests mentioned it 135 times (source) ! So, should you read it then? If so many people recommend it, it can’t be a bad book, right?...

March 26, 2021 · Justyna

My reasons to pursue financial independence

I have been generally interested in the idea of passive income and investing for a very long time and I have been saving money since I can remember. But I haven’t really done much investing until 2018, when I stumbled upon Mr Money mustache and ideas of Financial Independence Retire Early (FIRE). I got hooked up on the idea and started my FIRE journey. The recipe for FIRE is simple, but it’s not necessarily easy!...

February 28, 2021 · Justyna

How to pick your investing strategy based on risk and returns

How you should invest depends on your situation in life. If you are young and don’t need the money in the next 30 years you should be investing differently compared to if you are saving for a house down payment in 2 years or if you are planning to retire soon. The two most important factors to consider are the risk and the return. Another thing to consider is the liquidity of the investment, but let’s assume in this post that we are only investing in liquid assets (ones that are easy to sell)....

January 31, 2021 · Justyna

What is net worth and how to track it?

I started tracking my net worth at the end of 2018 and since then I updated it about 28 times. It has been very useful to me and in this post I would like to encourage to start doing it too. What is net worth? Net worth can be defined as your assets minus liabilities. Here are some examples of assets: cash stocks house expensive items, e.g. a car, a horse, a boat debts other people have to you And now some examples of liabilities:...

January 30, 2021 · Justyna

DIY index like portfolio, stock investment alternative to index ETFs that is better tax-wise

There is no doubt that stocks can be a great investment. Compared to other asset classes they are pretty easy to acquire, there is no need for tens of thousands of euros for a downpayment, they don’t require debt and are very passive. They give us an opportunity to be invested in businesses without having to create those businesses. Last ten years were great for the stock market, even the coronavirus crisis didn’t depress the market for long....

December 31, 2020 · Justyna

Best resources for analyzing buy and hold real estate deals

If you analyse your investment opportunity poorly or don’t analyse it at all you might get very poor return on investment or even lose a lot of your money (potentially your whole down payment!). So, tread carefully, just putting money blindly in real estate will likely not work very well. Luckily there are a lot of resources that you can learn from! I will present you some of my favorite learning resources and tools....

November 30, 2020 · Justyna

How did I get into real estate investing?

The pressing need for investing I have always been a saver. I would stash away the cash I got for birthdays and other occasions since I can remember. I saved up money through high school, I saved significant parts of my paychecks from all my jobs in Poland (where I come from). Obviously I would sometimes spend some of that money, but I had a solid habit of saving. When I moved to Ireland at the end of 2015, my Polish savings suddenly became much smaller - I got hit by the fact that now the one month of apartment rent was approximately 4....

October 25, 2020 · Justyna

How to get your spare room rented (contract template included)

You might be forced to rent one of your spare rooms to be able to afford the mortgage or you might use it to build your financial advantage. Renting a room in Ireland can be a fantastic opportunity to drastically improve your finances, because it offsets your housing costs and provides great tax benefits due to rent a room relief. If you are still on the fence about doing this, you might read more about the benefits of this approach in my previous post....

September 26, 2020 · Justyna

Accelerate your financial independence with renting a room in Ireland

Buying is cheaper than renting Rents in Dublin are quite expensive, especially in South Dublin and close to the city center and they keep increasing. There is a significant difference between what the rents were in 2015 and are now even with the rent control. Renting isn’t necessarily bad - it has its advantages, e.g. you don’t have to worry about the surprise repair costs, you can move easily. But financially in Ireland it’s not the best bet....

August 28, 2020 · Justyna

Evaluating buy and hold investment returns in real estate

Welcome to the second post in the series of evaluating real estate deals. You can see the previous post that discusses what are the sources of return here. Today we will learn how to know if the investment is a good investment looking at its returns. This is not a comprehensive ‘how to analyze deals’ post. People could write whole books on this topic. Instead we will take a look at some basics of investment returns....

June 28, 2020 · Justyna