Budgets - Part 2

By the end of the summer, I should have reached all the short term budget goals I've been working on for the past several months. The question then becomes what are my new goals? If it were up to me, getting a Tesla would be the main goal, but I think I'd have a hard time getting my wife to agree to that. Instead, I have come up with the list of goals below. I have not yet allocated specific amounts to them yet, because I won't have any exact figures...

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Budgets - Part 1

If I was single and living by myself, I would be much more aggressive about saving for a Tesla. However, being married and having a child means my priorities have to change a bit. Although my wife likes the Tesla, she does not burn with white hot desire to own one like I do. So when it comes to budgeting money, compromises must be made. Where We Were We're just coming out of a several month period of aggressive savings and debt reduction. Towards...

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The Oatmeal Tesla Comic

If you haven't seen this yet, go check it out! This is why I want a Tesla! http://theoatmeal.com/comics/tesla_model_s The love this guy has for the car makes me certain I'm going to have tough time holding out and not buying one the second I accumulate enough for a down paymen...

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Goal Progress: May 2014

At the beginning of each month, I'll post an update on my goals, including a brief discussion of any notable events that might have occurred during the previous month. The latest month's figures can always be found under the Featured menu in the menu bar at the top of the blog. As this is the first entry, there's not much to report. The chart below shows my savings since the start of the year. I should note that, to date, all the funds I have saved...

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The Calculation Spreadsheet

In order to figure out how much money I'll need to save and invest in order to have a passive income stream that covers my car payment, we need to do a bunch of calculations and there's no better place for doing a bunch of calculations than on a spreadsheet! (But don't worry. As I promised last time, there's lots of little bunnies in this post to soothe you.) Being the nice guy that I am, I've made a spreadsheet just for this task and have shared...

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And We're Off!

Welcome! I've created this blog to track my progress towards my goal of owning a Tesla Model S. I'm doing things a bit differently than most people, however. Most people would save up enough for a down payment on the car or perhaps even the total cost of the car, then go out and buy it. Not me. I've been investing in real estate for over a decade and one of the most important things I've learned from that is the power of passive income. For the...

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