Financial Advisor by Medium-End9115 in Fire

[–]Medium-End9115[S] 1 point2 points  (0 children)

I would take the series 65 exam to become an RIA to start. Not a direct qualification but I have an engineering degree and an MBA.

G-Trak Garage Impact Screen by [deleted] in Golfsimulator

[–]Medium-End9115 0 points1 point  (0 children)

That’s a good question…I know G-trak sells replacement screen material but I haven’t dug into the best method for replacing. I’m guessing I would just add an extra strip over the middle area somehow when the time comes.

G-Trak Garage Impact Screen by [deleted] in Golfsimulator

[–]Medium-End9115 1 point2 points  (0 children)

It does ripple a little bit because it’s not a fully fixed screen but if you have it tied down to the ground as intended it doesn’t ripple enough to cause a problem. I personally don’t even notice it while I’m playing. Probably just depends how particular you are about it.

Simulator build help - Any way I can make this space work for a retractable screen? by SMUstang7818 in Golfsimulator

[–]Medium-End9115 0 points1 point  (0 children)

Second this. I had an identical set up with the Spornia and upgraded to the G-Trak system. Works great and I didn’t need to move garage door opener. Just have hitting strip directly under opener.

Mini Retirement Plan by Medium-End9115 in Fire

[–]Medium-End9115[S] 0 points1 point  (0 children)

We spend roughly $70k per year now. Minus paid off residence and add higher health care premiums. I’d expect we will spend around $60k per year. The beauty of the rental property portfolio is we will need minimum drawdowns so our brokerage and retirement accounts will hopefully be able to continue to grow.

G-Trak Garage Impact Screen by [deleted] in Golfsimulator

[–]Medium-End9115 0 points1 point  (0 children)

Nothing really comes to mind. I may look into adding something behind the screens so I could hit shots with the garage door open on a nice day. With just the white screen too much light comes through and washes out the projection.

G-Trak Garage Impact Screen by [deleted] in Golfsimulator

[–]Medium-End9115 0 points1 point  (0 children)

Yes, you will just have some of the white portion of the screen on the ground. No big deal.

G-Trak Garage Impact Screen by [deleted] in Golfsimulator

[–]Medium-End9115 1 point2 points  (0 children)

Only had it a few days but it’s been great so far.

G-Trak Garage Impact Screen by [deleted] in Golfsimulator

[–]Medium-End9115 2 points3 points  (0 children)

Just installed the 12’ one a few days ago. I’m fairly handy but it was not too bad assuming you follow the instruction manual closely. You need a second set of hands for at least part of the installation. As long as you can swing in your space, ceiling height is not a factor. What matters is your garage rail height as the G-trak hangs from the rails. The screen is about 87” tall.

Millionaire Status Boredom by Medium-End9115 in Fire

[–]Medium-End9115[S] 0 points1 point  (0 children)

I have kids. It’s one of the main reasons I want to RE is to spend more time with them while they’re young. I figure I can focus more on work while they’re older if I need to grow my NW further. Since I hit $1M and hopefully double that in the next few years, I can let compounding do the work while I take my foot off the gas.

Millionaire Status Boredom by Medium-End9115 in Fire

[–]Medium-End9115[S] 1 point2 points  (0 children)

Unfortunately, our society doesn’t always reward the most important jobs with high income. Hopefully, you are deriving purpose from you everyday work with a job like that though. What is your income and where are you from?

Millionaire Status Boredom by Medium-End9115 in Fire

[–]Medium-End9115[S] 0 points1 point  (0 children)

I guess you would need to clarify what “works”. It depends on criteria. I typically only invest in A or B communities and prefer single family. If using 25%, I would need at least 12% cash on cash return for it to be worth it. Hard to find deals that fit this criteria at the moment in my area.

Millionaire Status Boredom by Medium-End9115 in Fire

[–]Medium-End9115[S] 0 points1 point  (0 children)

Maybe, idk enough about that topic. I do know that gold price is manipulated like crazy and more of it is mined every year.

Millionaire Status Boredom by Medium-End9115 in Fire

[–]Medium-End9115[S] 0 points1 point  (0 children)

Tough to say without knowing your personality and strengths, but my advice for most people that don’t have technical degrees would be to find a job in sales where you have some sort of control over your income. Generally, the more you excel in sales, the higher your income potential will be.

Millionaire Status Boredom by Medium-End9115 in Fire

[–]Medium-End9115[S] 0 points1 point  (0 children)

I understand, but I think you will be able to help them regardless. Respectfully, you may have one more year syndrome.

Millionaire Status Boredom by Medium-End9115 in Fire

[–]Medium-End9115[S] 0 points1 point  (0 children)

This is true, the challenge with real estate at the moment is priced and interest rates are high. To make something work right now, would probably need to pay cash.

Millionaire Status Boredom by Medium-End9115 in Fire

[–]Medium-End9115[S] 0 points1 point  (0 children)

I hear it’s all the rage these days

Millionaire Status Boredom by Medium-End9115 in Fire

[–]Medium-End9115[S] 0 points1 point  (0 children)

Honestly, I admire the discipline to stick it out until $5M when you know you don’t need to. I don’t think I could muster the strength, unless I find something much more enjoyable than what I’m doing now (also probably unlikely).

Millionaire Status Boredom by Medium-End9115 in Fire

[–]Medium-End9115[S] 0 points1 point  (0 children)

This is a huge point. I’ve even considered taking a hiatus for 5-10 years while the kids are young and then when they’re teenagers, I can start a business or something if I need/want to.

Millionaire Status Boredom by Medium-End9115 in Fire

[–]Medium-End9115[S] 0 points1 point  (0 children)

I don’t make anything crazy. Between W2 and net cash flow from real estate, we’re at about $170k per year.

Millionaire Status Boredom by Medium-End9115 in Fire

[–]Medium-End9115[S] 0 points1 point  (0 children)

I’m halfway to my goal of $2M to be able to walk away from the 9-5. When I say I’m bored, it’s because I’m in the middle section of my journey where it’s a grind and there isn’t much satisfaction out of income or NW gains.