As part of this series, I’m sharing the Top Three articles I’ve read over the prior week with you all every Thursday.
The articles that are featured can either be fresh or selected from other blogs’ archives. The only rule to be included in the collection is that it’s an article that I’ve read in that particular week.
Generally, I try to select pieces that made me think about something from a new perspective or that emotionally spoke to me. I hope you’ll enjoy them as much as I did!
Here are this week’s TTT:
Early Retirement Now on what you may not know about FIRE
While this blog does not have too many posts (50 in 5 years), I find them exceptionally well researched and clearly laid out. This article is no exception. It highlights 10 things that the FIRE community in general may be missing when it comes to this philosophy. The whole list is worth reading and digesting, but one point stood out to me, which is the concept of asymmetric risk. Would you risk missing 20% of your flights? I personally show up to the airport early every time, because as the author states, the cost of being even one minute late is asymmetrically high compared to the cost of being early. The same can be said for carrying a 20% risk of running out of money in retirement. Too high for me for sure!
Kevin from Financial Panther on Airbnb revenue
I have my own experience with house hacking, but not yet with Airbnb. At the moment, I am considering to take a longer trip some time this year, and I have been playing with the idea of renting out my entire apartment on Airbnb during this time. I love Kevin’s idea of actually making their place available for weekend bookings “any time” and taking personal trips or staying with friends if their place gets booked though. What a great idea! I will definitely look into the requirements to list on Airbnb in my area.
Jenny from Good Life Better on her real estate experience
Real estate is always a good investment… right? Right?? Well… Maybe it is not quite that simple. Jenny shares her experience with buying a competitively priced unit, being significantly under water for many years, until eventually being able to sell with a small profit. All’s well that ends well? Again, maybe it is not quite that simple. It sure was an emotional journey for Jenny, and when considering inflation, she just about broke even. For more on the story, as well as her conclusions, check out the article!
Do YOU want to be featured? Have you written an article that I absolutely must read?
Let me know about it, and I’ll consider including it in the next TTT.