You work hard for your money. Countless hours are endured at a desk, in a cubicle, perhaps in adverse outdoor conditions. You need your money to work as hard, or harder, than you do. Since we all have limited amounts of hours we can work, income generation outside of our normal jobs is vital.
I don't know about you, but the idea of slaving away until age 70 doing something I don't enjoy doesn't sound appealing.
But how do we escape?
In the same way debt never sleeps, income generation created passively doesn't sleep either. Weekends, holidays? No problem, the money is working for you.
If you structure your affairs correctly, you can have multiple streams of income outside of your nine to five job to make life just a little easier.
Passive income gives you the freedom to:
Are you ready to escape and find your freedom today?
Your home is likely the largest investment you will ever make. If you are a homeowner, chances are careful due diligence was done when selecting the perfectly constructed home, the right neighborhood, a great price per square foot, etc. Now the time has come to do some upgrades. Much like a stock portfolio, you want your investments to increase in value. But what upgrades will actually increase home value?
You may think updating your home can wait. Or you'd like to spend money in other ways. I get that. But life changes fast. One year you can be totally content, have no plans to ever leave your beautiful location. And wham, the next year you are feverishly searching Zillow for homes two states away.
This is when home updates become important. You want your home to be attractive to not only you, but future buyers should the selling situation ever happen. Speaking from experience, it all happens fast.
Are you thinking of moving to a new state in the near future and unsure of the impacts to you, your family, and your finances?
There are a lot of considerations to make when contemplating a big move. And to top it off, sometimes a person has to make a quick decision which adds tons of stress to the mix.
Having gone through this exact situation, I am here to help! Let's take a look at the most important items to think about in regards to moving to a new state.