Tag: update

Mid-Month Update

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I’ve started and stopped blog posts a few times this month. Mostly because these are unusual times and what more can I lend to the conversation that hasn’t already been said.

Looking back at our February update I have to say that I severely underestimated the impact and fallout from the Coronavirus. Past viruses came and went with little to no economic impact. The Coronavirus has spread rapidly and forced society as we know it to come to a screeching halt. This in turn is leading to a global economic shutdown and the financial markets reacting wildly due to the unlimited uncertainty. Continue reading “Mid-Month Update” →

February 2020 Financial Update

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Oh where to begin on this one? In our January update we talked about the end of the month impact on the financial markets from the Coronavirus. At that time we had some panic selling that turned the markets negative for the month and wiped out some nice gains. I was tempted to buy into the market, but ultimately decided to hold off which turned out to be a good decision.

Then came February and the panic took full hold with massive irrational moves to the downside. For me, it was time to move once we passed the 10% correction threshold. I half jokingly tweeted on Friday the 28th as the market closed that I thought we were near the bottom. Continue reading “February 2020 Financial Update” →

Full-Time RV Finances

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In our last blog I discussed that we are moving forward with going full time in our RV later this year. As you will recall we didn’t expect to have to make plans so far in advance, but it became quickly apparent after a visit to one of the resorts that we were actually almost too late. Since then we put down deposits for November and December to reserve a space.

While this is a current unexpected expense, it is refundable if we don’t meet our timeframe goal and need to cancel. It also gives us some much needed flexibility by booking two months instead of one. Additionally if we do meet our November 1st goal, the deposits go toward the space and the out of pocket cost will be lower at that time. So there really is no risk of losing any money by making this move and it gives us peace of mind. Continue reading “Full-Time RV Finances” →

Reality Bites

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As we inch closer to March it has quickly become clear that we need to start making some plans and decisions.

We were at our favorite campground recently and stopped by the office to inquire about their extended stay rates for when we decide to go full time in our RV. They gave us the rate, which is just below our budgeted amount 👍🏻, and then the young lady said we had better book it soon as October is already getting full. Wait, what? October is getting full already? Are you kidding me?

This comment thrusted us into a situation of needing to better understand how this whole process works as we were not planning on making a decision until after the College Road Trip 2020 in August/September. It turns out now there is no way we can wait that long if we hope to have a place to live after our house sells. What we thought would be a smooth glide until the second half of the year is now turning out to be a sprint to a goal date. Continue reading “Reality Bites” →

January 2020 Financial Update

Published on by RV-on-FIRE.com4 Comments

As goes January so goes the year. Well, that’s the old Wall St. adage at least. If that holds true we are in for a down year I guess. But wait, wasn’t January was flying high until the dreaded Coronavirus started spreading across the globe. So are we now saying a week of panic selling is now indicative of the entire month and in turn the entirety of 2020? You see how ridiculous old adages and knee jerk panic selling and buying can be. Continue reading “January 2020 Financial Update” →

Healthy Life, Happy FI

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It’s been a couple of weeks since I posted our last blog. I didn’t know if it was writer block, burnout or just sheer laziness. But I didn’t feel like writing or doing much of anything for that matter.

It’s interesting because just when things are going well and excitement for our future plans should be building, I seemed to have hit a funk. Business has been great, the markets have been great and we have a couple of small weekend trips booked. We also started mapping out our college road trip and even have a preliminary itinerary for getting to the university on time. Planning these trips is one of my favorite things to do, but I’m finding it hard to enjoy it this time. What the heck is going on? Continue reading “Healthy Life, Happy FI” →

December 2019 Financial Update

Published on by RV-on-FIRE.com4 Comments

Goodbye 2019! What a year for the markets as well as personal change and direction. And if everything goes as planned for 2020 this ride will not stop.

The month of December unexpectedly proved to be the busiest month on the business front. It seemed like there was a mad rush to close out real estate deals before the end of the month so bookings were up and so was revenue. Because of this I expect January to be slow as the pipeline reloads. However, I am very new to this industry so this is just a gut feeling and hopefully I’m wrong. Continue reading “December 2019 Financial Update” →