Finance

Category Archives for Finance.

Up $11K, condo for sale, moved, and uncertain – April 2020 Freedom Update

April 26, 2020 by Harlan 7 Comments

What a month for my April 2020 Freedom update. My condo is on the market now (!). COVID-19. I moved into an apartment around the corner. And I’m still employed – for now.

I’m concerned my property value is going to drop like a stone.

I always thought I was doing the right thing by investing in property. I had no idea how much control an HOA would have and how much they can affect your asset. I just want to offload this thing as quickly as possible – and I’m willing to give somebody the deal of a lifetime if it means I can get out.

Would anyone like to buy a perfectly good condo in Dallas?

This experience has soured me on condos (specifically HOAs), and to some extent, Dallas. I’m just ready move on with my life.

I will never buy property with an HOA ever again. And this whole thing really makes me wonder if I really want to deal with owning property at all. I love my new apartment – everything works and I’m not responsible for anything. I can cancel my lease and be out of here with a 60-day notice. It’s so… unattached. So freeing.

Although with COVID-19 happening, I definitely see the value of living in a paid-off house, especially with money being uncertain.

So a lot has happened in these last four weeks. And I really hope even more happens in the next four.

For starters, my investments have started to recover. But the idea of “normality” still seems very far away.

April 2020 Freedom update

Taking a $25,000 beating & dealing with panic in a bear market – March 2020 Freedom Update

March 24, 2020 by Harlan 17 Comments

This year has already been difficult in many ways. So I’ll have to unleash a whole lot of not great news. Of course, everything is down right now. And I’m fighting my HOA about a roof repair and thinking about renting an apartment nearby and trying to sell my current place.

All that’s been going on in the background as everything I’ve worked to save in the past year or two has been wiped out in the stock market. I’m hoping I can sell before my property value suffers too much. I will never, NEVER live in a place with an HOA EVER again.

That said, I’m grateful to have a job that’s allowing us to work from home. But this – all of this – moving, renting, selling, and making repairs to my current place (including the roof and ceiling!) are going to cost me everything I have. Like, everything.

But I have to try.

I few weeks ago, we lived in a different world and I was in Cabo. How quickly things change

For a second, my finances are going to spin out of control. And oddly enough, it’ll all be OK.

March 2020 Freedom update

One IRA maxed, a return to credit cards & up $10,000 – February 2020 Freedom Update

February 24, 2020 by Harlan 9 Comments

Hello my droogs. How quickly things change in a day.

I started this post with such excellent news to report: big gains, strong performance, and hard work paying off. As I write this, I fear I’m about to go into battle with my HOA over repairs that haven’t been made for a month – right before my (nearly free) Cabo trip. So I’ll try to put myself back into my previous headspace and vent about the rest later. Because I need to vent.

The good news is a continuous upward trend. Though I fear coronavirus is about to give my stocks a hell of a beating, I’ll have to see it as an opportunity to buy more at a discount. Because it’ll pass and that’s what it is.

This month finds me almost done maxing out my 2019 Roth IRA. Then I can finish paying my credit cards and turn attention to the 2020 Roth IRA. All according to plan.

I’ll be back in Mexico at the end of this week, a lot further ahead than I was before – even if it doesn’t feel that way right now

The HOA stuff might throw a wrench in my progress soon, and I hate that. But life, right?

Sigh – going back to previous headspace again. As it stands now, my overall net worth is up to $137,885 – 28% of the way toward my $500,000 goal. Baby steps feel so good.

February 2020 Freedom update

Booked: How I used points to save $2,000+ on five days at FinCon 2020

February 3, 2020 by Harlan 7 Comments

Dang, conferences are expensive these days! Especially if you’re paying for it yourself and not getting reimbursed from a job. But FinCon is one I’m happy to self-finance.

I’m genuinely interested in the content, meeting like-minded peeps, and immersing myself in a world of ideas about money. Now that I’m FIRE-ing up my efforts more than ever and missed last year in DC, I simply had to go. But I didn’t want to pay the piper.

So I burned a batch of old Marriott points for a five-night stay only four minutes from the conference hall, plus a few Amex Membership Rewards points. And used Citi ThankYou points and statement credits to fly there and back. The only thing I’ll pay for is food, rideshares to/from the airports, and dog boarding. 💥

There’s yours truly among the revelers at FinCon

All told, I think I paid ~$100 for the flights and hotel. FinCon, here I come!

FinCon 2020 with points

Invest Vs Pay Down Credit Card Debt & Up $11,000 – January 2020 Freedom Update

January 27, 2020 by Harlan 5 Comments

Most of my thoughts recently have been on money instead of travel. Now that I have aggressive financial goals, I want to meet at least a few milestones before I take another big trip.

I’m seeing the juncture of points & miles with personal finance so clearly. I’m understanding how much you can really save on travel by accumulating credit card rewards – and sinking the extra funds into investment accounts.

Of course, I’ve always known how awesome points are if you’re passionate about travel. And you bet your bottom dollar I’m gonna treat myself to a nice big award (!) trip to celebrate soon enough.

Travel will always be my #1 passion. Now I’m wondering: where is the intersection of traveling cheap and living frugally?

This month, I was waiting for the right time to post this update. But there is no perfect time and things will always be in flux.

With that in mind, let’s dive into what happened in January!

January 2020 Freedom update

Balance transfer cards 2020: A godsend when you need more time (but don’t fail the test)

January 8, 2020 by Harlan 7 Comments

Hi lil lovies. The holidays were wild, eh? I’m writing this in a medicated haze with flu-like symptoms. But I wanted to write. And I’ve been meaning to talk about is how I’m using balance transfer cards to:

Meet my current financial goals (which I need to update)
Smooth out large, unexpected expenses (like when my AC quit in July and I had to get a new HVAC system)
Give myself a jump-start to purchase big items when I want them (I bought myself a rowing machine because I really really wanted one and I’ve been using it regularly)

This is because I didn’t have enough in a savings account, which will change this year. So hopefully I won’t have to rely on them in the future.

But for now, they’ve helped me consolidate a lot of balances spread over several cards with big interest rates. I paid a one-time balance transfer fee, and have a 0% APR rate through April 2020. So I haven’t paid a dime of interest since. And honestly? It’s been the one thing that’s given me time to get caught up.

Balance transfer cards aren’t a perfect solution. But they’ve bought me time and helped me avoid a ton of interest while I got my plans together

The test, of course, is paying them back before the 0% promotional rate expires. If you don’t, you’re right back to where you started. 🌀

The good thing is these rates are a year or more (usually more). A lot can happen in a year.

While I’m glad balance transfer cards have been available to me as a financial tool (which is absolutely how I think of them), moving forward I want to depend on savings rather than having to buy myself time.

Balance transfer cards 2020 – should you, could you, would you?

Freebird Promo Code for $10 Cashback: “OUTANDOUT”

December 26, 2019 by Harlan 11 Comments

Here’s the latest Freebird promo code you can stack for up to $10 cashback on Uber and Lyft rides booked through Freebird.

Here’s how to do it. After you download Freebird, enter this.

Freebird promo code:

“OUTANDOUT” – $10 cashback ($5 for each of your first 2 rides)

Freebird lets you book Uber and Lyft rides through their app – and you’ll earn points on each ride. Once you earn 5,000 points, you can cash it out for $10. So you can potentially do even better when you add points to the mix.

I love using the Freebird app for Uber and Lyft rides

Plus, any Uber and Lyft credits and promos stack with Freebird!

Freebird promo code powers up your Uber and Lyft apps

My First Month of Diligent Saving & Net Worth Is up $20,000 – December 2019 Freedom Update

December 2, 2019 by Harlan 14 Comments

November was the first month I got down and dirty with my new financial goals. Having them in mind gave the month shape and purpose – I felt for the first time in a while that I was working toward something urgent and real and palpable that I could measure.

If naming things is empowering, creating a plan is getting superpowers. I watched as each dollar flowed into and out of my accounts.

Slow and steady wins the race, but I have an out-of-control, flaming emergency! I have GOT to pay off my credit cards by April 2020 before the 0% APR rate expires. And I’ve got over $14,000 left to go.

Last month, a combination of strong market and aggressive payments boosted my overall net worth to $115,806 – a full $20,000+ increase.

And while it’s nowhere near the $500,000 goal I want to hit, it’s an awesome start. And to that end, this is my first Freedom update (Freedom is what I call money). I hope I look back on these posts and marvel at my progress. One day…

Getting started on my FIRE in a big way – getting rid of credit card debt is my #1 prerogative right now

I know “never say never” buuuut… I will NEVER have credit card debit ever again as long as I live. In the future, I’ll dip into my healthy savings account. Because this hurdle really freaking sucks.

December 2019 Freedom update

It’s Official: SoFi Money Will Reimburse All ATM Fees Worldwide, Even Forex Charges

November 24, 2019 by Harlan 6 Comments

Welp, that’s it. Now that all SoFi Money ATM fees are gone, SoFi Money is officially the best checking account available today. It’s great right out of the gate, requires no futzing or maintenance, and now, they’ll even reimburse Visa’s forex fees internationally – so you get free withdrawals with absolutely zero fees worldwide.

They’ve tried hard to overcome any hurdle to be the best checking account around. You get:

Free, unlimited, and INSTANT ATM withdrawals worldwide. Even if Visa charges you a forex fee, they’ll reimburse that too
0.2% APY on any balance you carry
Zero fees, no minimums
Easy to use app and website
$75 bonus when you open an account and make two direct deposits of $500 each – bonus appears in a day or two and it takes 2 to 3 minutes to set up

I’m proud of their efforts. And I’m switching to make this my full-time checking account after my next pay cycle.

Well how ’bout that?

Yes, I’ve had a Chase checking account for over a decade. And I’ll keep it because it’s free, and for the incredibly rare times I need to do something in a branch. But for everyday banking, bill payments, and my financial clearing house, I’m going all-in with SoFi Money. #officiallyconverted

SoFi Money ATM fees – nothing to see here!

Need a Checking Account With NO Fees, Minimums, or ATM Charges EVER? Try These.

November 10, 2019 by Harlan 22 Comments

It’s been over 4 years since I first professed my love for the Fidelity Cash Management account – one of the best no fee checking accounts. And about the same amount of time since I wrote about the Aspiration Summit account.

But that was before SoFi Money came on the scene. That account has no fees – but also free unlimited ATM withdrawals worldwide AND 1.6% APY on any balance you carry. It’s now the one I recommend most if you’re looking to dump your brick-and-mortar bank (and you probably should).

There’s a new sheriff in town, and it’s SoFI Money

All are fantastic checking account options because there are no fees, no minimum balances, and no direct deposit requirements. Essentially they’re free to open and keep forever, even if you never use them. Even better, these accounts reimburse ATM fees from ANY ATM in the world. And there are no hard credit pulls to open.

There are a couple of key differences. But, bottom line, you should have at least one of these accounts!

Best no fee checking accounts

1. SoFi Money

My Audacious Plan to Increase My Net Worth to $500,000 in 5 Years – November 2019 Freedom Update

October 28, 2019 by Harlan 47 Comments

I’ve been wanting to talk about personal money stuff for the longest time. After all, my tagline has always been “Investing. Positivity. Oh, and travel.”

Fear held me back because I didn’t want to sound like I didn’t know what I was talking about. I was afraid of impostor syndrome. And revealing financial details can introduce shame because you’re officially throwing out your yard stick for everyone to see.

But you know what? I started this blog over six years ago before I knew what I was doing with miles and points and learned as I went along. I got a lot of stuff wrong, things changed, and I grew. I was scared then too. But also:

YOLO
Eff it
Jump in both feet first
Learn as you go
Start somewhere
Do it ugly
Nothing is ever lost by creating

The biggest point of contention was that – I’m 35 now – a strapping young buck to be sure, but when I see other financial bloggers retiring at 30 and I still have student loans and credit card debt I’m like… feeling so behind.

This is me 10 years ago in LA. I wish I’d done more to help him (he wasn’t thinking about FIRE) – but I can start helping future me right now

But by what measurement? I can’t – and shouldn’t – compare someone else’s end point to my in-process. Although I wonder… what the hell have I been doing for the last 15 years? 😵

In the spirit of starting somewhere and being where you are, I want to keep myself accounted for and confess my dirtiest financial deeds.

November 2019 Freedom update

SoFi Money Review: Free ATMs, 0.2% APY, No Fees, & $75 Bonus – I’m Impressed

October 27, 2019 by Harlan 19 Comments

I took the bait – so there’s my Sofi Money review. Everyone’s abuzz about SoFi’s cash management account, SoFi Money, because you get:

Unlimited, free ATM use worldwide allowing you to use any ATM that accepts Visa for free AND they’ll reimburse any fees that Visa charges (!) – an amazing perk for travelers
0.2% APY on your balance
No fees, no minimums
Sub-accounts to save for your goals, and joint accounts for your S.O.
Blazing fast sign-up – I had an account open in 2 to 3 minutes
$75 bonus when you open an account and make two direct deposits of $500 each – and it posts within a day or two

Plus, when you refer someone who uses your sign-up link, you get $25. Get on the gravy train (and thank you for using my link to join)!

Because of these features, I’m considering making SoFi Money my everyday checking account, even though it’s online-only. For over a decade, I’ve banked with Chase and can’t remember the last time I visited a branch.

My Chase account and SoFi Money are both free to have (I have an old Chase account that’s no longer offered), so I’ll switch everything over to SoFi Money for a while and see how it goes. Nothing to lose and free ATMs + an easy-to-use site and app to gain.

SoFi is offering a $75 bonus for opening an account and making two $500+ direct deposits

While Fidelity, Schwab, and Aspiration all have no-fee accounts with free ATM withdrawals (I compared them here), none of them have an APY on the balance you carry or immediate ATM reimbursements (Fidelity refunds you within a few days, the others can take up to a month).

And while I’m wont to offer yet another bank account option, scoring $75 for a couple of minutes of work is nothing to turn down.

You can sign-up for a SoFi Money account here.

SoFi Money review – the ultimate free bank account, especially for travelers

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