thefinancediaries

a foodie dream wedding tbh

we loveddddd our 50 guest French wedding, don’t get me wrong. that was the most perfect week ever

but there’s something about an intimate extra small supper party wedding

I love weddings in all shapes and sizes ❤️

we were preapproved for 2x what we ended up spending on our house

we found a beautiful house and went to make an offer

while writing the offer, I looked at what the mortgage payment was going to be, and I wanted to vomit

that was soooo much money to lock up into one thing

I told my husband and he agreed that was diabolical

we found a cheaper house with room for improvement and boy was that the better choice

the peace of mind: our mortgage is less than 12% of our combined take home pay. TWELVE!!!!!!!!

we pay less for the mortgage, taxes, insurance than we would on a rental

the extra $$$$ goes entirely towards good things: investing, traveling, restaurants, donations

reframing how you see things is so important

we’re so unbelievably hard on ourselves

I always find the people who questioned themselves the most are the ones that are actually usually achieving the most

you messed up? reframe: you learned a lesson you won’t fail again

you feel behind? look back at how far you’ve come

I love renting my house when I’m away for the summer. It’s a win for me (financially) and a win for anyone looking to stay on the beach

airbnb is so fun because you can get so incredibly creative: who can have an RV with a very cool deck set up, a yurt under the stars, a massive compound for family gatherings and weddings, you can even rent out your couch!

there are so many ways to make money, just find a cool way to differentiate yourself from the rest

there’s nothing more financially stressful than being overleveraged ‼️‼️

when you buy a house, you want some key things:

1️⃣ not overpay

2️⃣ have MULTIPLE exit strategies: be able to sell it for more than what you paid (buying undervalued assets), lease for a profit, BRRRR, etc

3️⃣ not have your entire finances revolve around this house

this seems really easy in theory, but it’s a lot harder to execute

I’m very adamant that homeownership is not for everyone because you can do sooooo much with your money when it’s not tied into a single personal residence

retirement isn’t an age, retirement is a number

the sooner you start, the quicker you reach that number

don’t put off investing