On my way to financial freedom
I made some decisions which increased my budget and set back my completion time by about 200 dollars and a week. I had to try and patch up this old sagging gable, or tear it off and have nothing, or build a new one. I opted for the last option. One thing they say about real estate is you need curb appeal, and you pretty much triple your investment dollars on bathrooms, kitchens and decks. So I stomped the old gable off and it destroyed the crappy metal railing when it gravity and 300 pounds took its course. So I built a brand new gable that covers the entire deck/porch and then I'm going to make new railings with baluster supports. It will look WAY nicer when I'm done. I've got the gable built but it needs shingled yet, painted and the bottom filled in, etc.
Anyhow, on as for financial freedom, I got to thinking about everything. Really this is quite amazing. In just a couple of months and maybe 1000-1500 in materials and my work, I've increased the value on this house from 13,000 to probably 30,000. So I've increased my net worth by over 15,000 and my cash flow will be +250 after PITI. Then someone else will pay off the mortgage. Amazing stuff when I think about it. I mean, most people buy a house and make interest payments and their net worth takes 30 years to go up maybe 50-200k (in this area). In 2 months I increased mine by over 15k? I think that is amazing. How many employers will give you a 250 dollar a month raise every two months? I am still blown away at how sweet the real estate business is. Its been a lot of hard work but the numbers keep me motivated. I've worked my ass off to have zero net worth and a crappy income most my life. Its nice to see that I'm finally on my way to financial freedom.