Aspiring Entrepreneur? Plan Your Escape From Your Job.

Posted Leave a commentPosted in General
Aspiring Entrepreneur

Have you ever thought about walking away from your current 9-5 job to start your own business? What’s stopping you? It’s likely to be one of two things: common sense or integrity. Both are very valuable traits.

Common Sense and Integrity

Common sense says that you most likely have commitments, obligations, and responsibilities that show up monthly, weekly, and even daily. Would it be smart to risk any of those commitments? It could cost you big time in the immediate future or long term.

You would put both yourself and your new business under immense pressure if you went in without being prepared.

It’s significantly better to have a support system in place when starting a new venture. Your family, friends, and countless other individuals can play a significant role in your future success.

Integrity takes a long time to earn. The integrity you have earned at your current job will give you some credibility to start with. Use the integrity you have built with your employers and with your work colleagues as much as you can. These could be very useful and influential contacts in the future.

It’s unwise and unhelpful to put your integrity in jeopardy.

So, instead of just pulling the plug, it’s important to plan your escape. Common sense and integrity need to be your guiding principles moving forward.

Business Preparations

It makes good sense to do plenty of research on your new business and get all your questions answered before you make any decisions. Here are a few things you can take in for consideration.

  1. Get an insider’s opinion. Getting an insiders’ view would serve you well. Standing on the outside looking in is significantly different from being on the inside looking out. It could save you time and money as you move forward into your own business.

    – Find someone who has already done something similar and ask them, “If you were doing this all over again, what would you do differently?”The answer they provide will be the most valuable conversation you could possibly have for your new business.
  1. How will you generate a profit? This is a crucial part of moving forward with a new business. It’s important to figure out, the easiest and most effective way of generating a profit from your new business. Yes, a profit… income… not just breaking even. Both the business and you as an individual will not survive without an income.
  2. How will you scale up? Determine what you need to have in place to scale your business to grow. Customers are key! They are the people who will provide your profits and build the reputation of your business.
  3. How much time do you need to get the business started? Determine how much time you have available to get your business off the ground. Naturally, the more effort and energy you put in, the quicker everything will go.

Once you’ve determined these aspects, it should be possible to calculate what needs to be done in order for you to create a timeline for escaping from your job.

Related: I am Afraid of Being Laid Off

Start Your Business Wisely

So, now you can quit your job, right? Hold on a second! You’re almost there!

Many smart people get their business into the marketplace by working part-time from home while they keep their regular job intact. Even if it takes 9 months or a year, or even a couple of years, to get it working efficiently and effectively, it’s got to be worth it, right?

Remember to factor in some wiggle room for the unexpected… Make room for some down time and even holidays.

Talk to people who have already made a similar transition to get an idea on what is reasonable and doable for your situation.

Author’s note: I personally started my own business while still being active duty in the Navy. Becoming a licensed REALTOR-ASSOCIATE®, investing in real estate, and starting a blog and podcast. It’s been an absolute blast so far.

Check out our Average Joe Finances merchandise here

Work Smarter, Not Harder

Your new business should have no requirement for you to work 40+ hours a week. Your intent is to move on up in terms of profit and income potential and move down in terms of time needed to create it.

Consider different ways to work smarter, not harder. If hard work was any guarantee of success, most new entrepreneurs would already be wealthy.

It’s not about working hard. Your success will come from having a plan, an effective strategy, and the discipline and enthusiasm to follow through on it.

Speaking of working smarter and not harder… Check out this post by Bella Wanana regarding tax deductions here. Knowing about tax deductions and what you can claim with your business can save you tons of money.

It’s time to work out a sensible plan to quit your job once you can check off these two items:

  • You’re confident that you have a profitable business plan.
  • You’re working part-time on your business and showing some profits

Yes, this entire process takes patience. Just remember what your “why” is. In time, you’ll look back at the job you once had and smile knowing that you have replaced that income with something that’s your own.

Mike Cavaggioni
Mike Cavaggioni

Mike Cavaggioni is an Active Duty Officer in the U.S. Navy, REALTOR-ASSOCIATE®, Real Estate Investor, and Finance Coach located in Honolulu, HI. He is the founder of Average Joe Finances and host of the Average Joe Finances Podcast. Mike owns real estate in Hawaii and Virginia and is building a community for people to come together to learn and build their wealth.

Payroll Tax Deferral – What does it mean for you?

Posted Leave a commentPosted in Finances, General
Treasury Secretary Steve Mnuchin during a press briefing at the White House in Washington.
Kevin Lamarque | Reuters

Keeping this one short, sweet, and to the point.

Yesterday the U.S. Treasury Department released their guidance on how the President’s tax deferral would apply to companies.

Considerations

There is a key word everyone needs to focus on with this and that word is deferral. While your paycheck might look much nicer, it is important to know that a deferral means you will pay it back at a later time.

This isn’t all doom and gloom. There are things you can do to mitigate the impact of paying the taxes back.

What should you do if your company elects the deferral?

The important thing to do at this time is NOT SPEND THAT EXTRA MONEY! Look at your last paycheck and note how much FICA tax came out. When you get paid, take that amount and put it into a high-yield savings account, do not spend it!

The Fed is hoping this will cause an increase in spending to boost the economy. While this may happen, really consider saving your money and not spending it… yet.

What happens if the Fed forgives the deferral?

This would be the ideal situation for the taxpayer. If the Fed forgives the deferral, you get to keep it. Now your deferral is basically another stimulus check.

Now you can take that money and do whatever you want with it. Since you already did not expect to receive that money, consider investing it. This could be the opportunity for some people that have never invested before, to try their hand at it.

This will only help if you are employed.

This tax deferral will only help people that are currently employed. If you are currently unemployed, you will not see a benefit. This is an emergency action because our politicians cannot come to an agreement on the next stimulus. I am still hopeful that there will be something in the future to help those that are unemployed.

Related: Side Hustles

If you are unemployed and still struggling to find employment, try taking on a side hustle. I know many side hustles cost money to start, but there are many that do not. If you have a car, consider driving for Uber/Uber Eats or Lyft. There are other options as well such as Instacart, Door Dash, and Grub Hub.

Mike Cavaggioni
Mike Cavaggioni

Mike Cavaggioni is an Active Duty Officer in the U.S. Navy, REALTOR-ASSOCIATE®, Real Estate Investor, and Finance Coach located in Honolulu, HI. He is the founder of Average Joe Finances and host of the Average Joe Finances Podcast. Mike owns real estate in Hawaii and Virginia and is building a community for people to come together to learn and build their wealth.

YouTube Channel and Site Updates

Posted Leave a commentPosted in General

We excited to announce that we now have a YouTube channel up and running. We will add more content to it as we continue to grow. Please check it out, like, and subscribe.

We also started recording our podcast. The podcast itself has not been officially released, but the YouTube video has the entire first episode.

We added a new section called Podcasts & Videos and you can check it out at the top of our page in the menu.

If you are interested in writing on the Average Joe Finance Blog, please email me through our Contact page.

We have also updated our Resources, Affiliate products, and Shop.

Thank you for all of the support and helping us grow the community. The Facebook Group has been an awesome source for those seeking out help or information.

Stimulus Round Two?

Posted Leave a commentPosted in Finances, General

As the world continues to battle this pandemic we see our economy going through some rough times. First time unemployment claims have reached over 30 million over the last 6 weeks according to CNBC’s most recent article on jobless claims (see chart below). Continuing unemployment claims are sitting right under 18 million.

This data from the Department of Labor shows us the reality of where our economy is heading. Not only that, but when you look at the numbers versus where we were in the Great Recession, it’s quite scary. The Department of Treasury is doing what they can by agreeing to keep interest rates near 0% for at least the next 6 months. Lawmakers are discussing different options for the next wave of stimulus checks or other options to keep the economy from tanking. Putting all politics aside, lawmakers on both sides of the aisle have acknowledged that they will need to pump more money into the economy. Right now, lawmakers are looking to have something together by May 4th (May the 4th be with all of them) (Yes, I am a big Star Wars fan…).

If you are in need of unemployment insurance benefits, check your eligibility

Check your stimulus payment eligibility

If you have not received your stimulus payment yet, check the status

So there are three different proposals that are gaining momentum.  Not sure if any of these even stand a chance of making it through, but let’s take a look at these three proposals.

Emergency Money for the People Act

This bill is proposed by Representatives Ro Khanna (D-CA) and Tim Ryan (D-CA). It is meant to provide a monthly stimulus check of $2,000 per adult and $500 for each qualifying child (up to 3 children) for up to a period of one year.

  • Must be ages 16 and older earning less than $130k a year if single and $260k a year if married.  Married couples will receive $4,000 a month.
  • If you are unemployed or claim no earnings, you are also eligible including if you have become recently unemployed.

You can receive your payment easily through direct deposit, prepaid debit card, check, PayPal, Zelle, or Venmo.

The full bill proposal can be read here: Representative Khanna and Ryan’s proposal

Rent and Mortgage Cancellation Act

This bill was introduced by Representative Ilhan Omar (D-MN).  If passed into law, this bill would effectively cancel your mortgage or rent for your primary residence only for one year. No debt would accumulate and no negative impacts will be reported to the credit bureaus. It’s essentially a pause button.

I’m quite sure many of you landlords like myself out there are thinking, “hey, how the heck will I get paid on my rental properties.” Well, this is how…

  • The Rental Property Relief Fund and the Home Lenders Relief Fund would be established and managed by the Department of Housing and Urban Development (HUD aka Section 8). This would cover losses for landlords and lenders enough to cover their losses from tenants and homeowners not paying rent or mortgage payments.

Related: See our post about the benefit of Section 8 Rental Properties

  • Any landlord or lender that accepts this fund will be required to follow federal fair lending and renting practices for five years.
  • An optional fund would also be established for private rental property funding to help increase affordable housing availability.

The full bill proposal can be read here: Representative Omar’s proposal

Getting America Back to Work Act

This bill has been proposed by Senator Josh Hawley (R-MO). This bill is designed to create a payroll tax rebate that’s refundable and covers up to 80% of the employer’s payroll costs (up to median wage). Some of the key takeaways from this bill are:

  • A rehiring bonus for employees returning to their old job that they were laid off from.
  • Would last for the entirety of the ongoing pandemic
  • Keeps employees on the payroll while maintaining employee benefits
  • Reduces the downtime companies face to restart their business

Remember the unemployment insurance numbers from earlier? Well, since more people will be able to keep their jobs or be rehired, this will reduce some of the burden on the unemployment office.

The full bill proposal can be read here: Senator Hawley’s proposal

You might be asking yourself, what do these bills mean? Well, these bills are just proposals. As we know the process for them to be passed into law can be quite… exhausting. However, here is the important thing to think about. When you see those bill proposals above, what do you see? Great, you guessed it! Proposals from both Democrats and Republicans. What does this mean to all of us? It means both sides of the aisle believe we need form additional stimulus pumping money back into our economy. I know many of you may be concerned as I am about the possibility of inflation or even hyper-inflation being caused by this. However, the current chairman of the Federal Reserve Jerome “Jay” Powell suggested the impact would be minimal as the “fed” plans to keep interest rates near zero for the remainder of the crisis.

With all of that said, we hope this article was beneficial to you in some kind of way. Please share our site and join in on the discussion. Do you think any of these bills will become law? If so, which one? Why would that particular bill be beneficial? Hope to hear from you all.

Mike Cavaggioni
Mike Cavaggioni

Mike Cavaggioni is an Active Duty Officer in the U.S. Navy, REALTOR-ASSOCIATE®, Real Estate Investor, and Finance Coach located in Honolulu, HI. He is the founder of Average Joe Finances and host of the Average Joe Finances Podcast. Mike owns real estate in Hawaii and Virginia and is building a community for people to come together to learn and build their wealth.

CARES Act – Forbearance or Deferment

Posted 1 CommentPosted in Finances, General

Are you deferring your mortgage payments or have a loan forbearance? Is it affecting your credit? Is the loan still collecting interest? Here is the down and dirty…

If you have elected to do a loan forbearance with your lender, make sure you understand the terms they go by. Most lenders are doing three-month forbearance where you do not have to pay your loan over a three-month period. The kick to that, is on the fourth month, all three previous months and now the fourth month are due IN FULL with a balloon payment. During this forbearance, your lender most likely tacked on all of the interest over that three-month period as well. If you were unable to pay a monthly payment, how are you going to pay four months at once? This is why it is important that you READ THE FINE PRINT! Speak with your loan officer extensively and make sure this is the right move for you.

Now, if you are looking to defer your loan payments, this is a bit different. A loan deferral is going to tack on your payments to the end of your loan so you are essentially taking those months off.  Some lenders will even not charge interest during the loan deferral as well. This is something that you need to find out from your lender as some will still charge interest.

No matter which way you go, make sure everything is agreed upon in writing!

Which is better for you? Loan deferment is most likely the best option for you as the borrower. Loan forbearance is better for the lender. They are going to collect all of the interest and payments in full.

We have seen on a few different forums and social media that some people are reporting that their credit is getting hit for electing loan forbearance or deferments. It is very likely that if you elect one of these, you will get a not put on your credit report, however, it is not supposed to impact your score.

One of the tenants of the CARES act allows you to negotiate with your lender on credit reporting. If you have been negatively impacted due to the ongoing pandemic, you have the ability to negotiate. If you work things out with your lender and set up an agreement for forbearance or deferment, they are not supposed to report negative impacts to your loan if you are upholding your end of the terms. If you are keeping up your end of the deal and find that the lender reported negative activity to your credit report, dispute it!

Hopefully this helps some of you to make a decision if you should apply for loan forbearance or deferment. If I was to choose, I would choose deferment. We hope all of you are remaining safe and healthy during these trying times. Keep grinding and pursuing your goal to financial freedom.

Join in on the discussion on the forums.

Mike Cavaggioni
Mike Cavaggioni

Mike Cavaggioni is an Active Duty Officer in the U.S. Navy, REALTOR-ASSOCIATE®, Real Estate Investor, and Finance Coach located in Honolulu, HI. He is the founder of Average Joe Finances and host of the Average Joe Finances Podcast. Mike owns real estate in Hawaii and Virginia and is building a community for people to come together to learn and build their wealth.

Where Will You Be 10 Years From Now?

Posted Leave a commentPosted in Finances, General

I originally wanted to make this blog post about Webull, but I still haven’t had enough time to play with it.  My work schedule has been crazy thanks to this pandemic.  However, a topic on a podcast I listen to this morning really hit me and I wanted to talk about it a little bit.  This post may ramble a bit, and if it does, good!  It’s to make a point about what we should be thinking about during a pandemic like this.

Where will you be 10 years from now?  What a question, huh?  Listening to a podcast this morning, this was one of the topics of conversation… It was really something that got my brain juices flowing.  In 2030, when you are telling your story, what will the year 2020 mean to you?  It makes me think back to 2008 during the Great Recession…

The way I thought back then, made it impossible for me to find opportunity.  I have since changed my way of thinking and realize that as unfortunate the current situation is, it’s important to realize the opportunities that are available.  I may not even be able to invest as much as I want to right now, but there is still opportunity.  By invest, I don’t mean just financially…

Think of it this way.  A good majority of us are stuck at home (not me, thanks Navy…).  What opportunity do you have by being home?  Are you teleworking?  Did you lose your job?  Are you on paid leave?  No matter the situation, take your time and work!  Whether it’s something as simple as spending more time with your family, or learning something new… TAKE ADVANTAGE!  I haven’t been able to spend much time at home, but on the weekends, I have tried to focus on spending time with my kids.  I am putting a little time into my real estate course, but focused mainly on getting some of that quality time.  It made me think about why this journey to financial freedom is so important.  The little amount of time I get with my family is precious.  I want more of that!

So, what are YOU doing?  Lost your job?  Try to make money doing something else.  There are a few things online, but you really have to commit the time.  If you are stuck at home, try your hand at eCommerce.  It can be a great opportunity if you have the time to commit.  It’s relatively easy and cheap to start.  If you are still working and doing well with your budget, consider investing in the stock market.  I am currently looking into energy and natural resources such as oil.  It is so cheap right now!  What’s going to happen when things go back to normal and folks are back at work?  Those assets will grow! 

Where will you be 10 years from now?  Still such a powerful question.  I usually plan my life in 5-year increments as it is.  To add another 5 really made me curious.  Ten years from now, I want to be wealthy and a multi-millionaire.  I want to be fully retired and only working because I want something to do, not because I have to.  Ten years… so much can happen.

Now I am in a pretty good spot thanks to putting almost 20 years in the Navy.  When I retire from the Navy, I will get a guaranteed check for life.  That will be a nice chunk of change and some true passive income.  I worked really hard for it.  It’s not enough to sustain my family long term, but it’s a start.  What else will I have?  Well, I am planning to buy more rental properties.  That will be another source of a passive income.  My current property nets me a little over $1,000 a month after all expenses (mortgage, insurance, property manager, maintenance, vacancy…).  What if I get a few more like that?  $1,000 a month is a lot, but that’s off of 2 doors (so really $500 apiece).  If you are getting $100-$200 a month on a door, that’s good.  I plan to have around 20 doors by the time I retire from the Navy, maybe more.  Check this out… With just one rental property that gave me two doors, I am already making ¼ of what my retirement check will be.   What have I been doing wrong the past 18 years?  Sheesh!  

By the time I retire from the Navy, I plan to have already made some sales as a real estate agent.  I want to use that money strictly to invest.  I think I can swing this in my last few years if I can get another set of orders here in Hawaii.  If things don’t work out and I wind being forced to go back to the mainland, I will request to extend one more year here and just retire.  I will make less in retirement than I wanted to, but I can start my work as a full-time real estate agent.  Either way, I am happy with where I am headed.

So, where you are headed?  In 2030, are you going to look back and say “I missed out,” or will you say that “I stepped up and made it happen?”  Now is the time to take advantage!  Whether you invest in assets such as real estate or stocks, just do something.  Don’t be the person that looks back at 2020 and says, “I couldn’t do anything because of what was going on.”  DON’T BE THAT PERSON!  Even if you aren’t in a good spot to invest, take the time and learn and invest in your greatest asset… your brain.

Where will you be 10 years from now?

Mike Cavaggioni
Mike Cavaggioni

Mike Cavaggioni is an Active Duty Officer in the U.S. Navy, REALTOR-ASSOCIATE®, Real Estate Investor, and Finance Coach located in Honolulu, HI. He is the founder of Average Joe Finances and host of the Average Joe Finances Podcast. Mike owns real estate in Hawaii and Virginia and is building a community for people to come together to learn and build their wealth.

Will the Stimulus Help?

Posted 1 CommentPosted in Finances, General

So that’s the question of the day.  Many of your who are here, like myself are Average Joe’s and are working on building our wealth.  My wife and I racked up quite a bit of debt with buying this rental property.  From the personal loan we had to take out to over $7,000 charged as a cash advance, we have a pretty good idea of where my check is going.  Or do we?

Buying this rental property before we even knew what COVID-19 presents a challenge.  One of the tenants gets assistance from Housing and Urban Development (HUD).  The good thing about that is we will at least get enough to cover the mortgage.  However, there are other expenses that come with a rental property… such as paying the property manager, taxes, repairs, and for some landlords, they pay utilities.  We sent a letter to my tenants so they understand that I do indeed care about them and their situation, however, my bills are not going away and rent will still be do.  But that doesn’t mean we cannot assist them in this time of need.  One of my tenants already reached out to me and said that both him and his girlfriend were laid off.  We are willing to work with them because we are all in this together.  We are allowing them to pay whatever they can in April and then start making an additional monthly payment to make up the difference over the next 10 months starting in June.

The letter we used will be posted below (it was authored by Brandon Turner from Bigger Pockets).  He made the letter open for public use and we think its great.  We made some minor changes to it, but we think it sends a heartfelt message that we will get through this.  The letter is below:

Dear Resident, 

We hope this letter finds you and your loved ones safe and healthy. The past few weeks have, undoubtedly, been some of the most life-changing weeks we’ve seen in modern times. The looming threat of the COVID-19 virus has taken this country, and our state, by storm. We are hoping that the extreme social distancing will prove effective to slow the spread of this illness and that we’ll all soon be back to normal. 

As your property manager, we wanted to reach out and address a few important issues regarding the pandemic as well as your tenancy. 

1) Social Distancing’s Purpose: 

Right now, no doubt you’ve heard about (and are engaged in) what we refer to as “social distancing.” The purpose of this world-wide action is not simply to stop you from getting sick; the larger purpose is to slow down the progression of this virus so hospitals will not be overwhelmed with those who are most likely to be affected. Without social distancing, hospitals will quickly be overrun with far too many patients and not enough equipment to handle it. As such, we just encourage you to stay home and follow the guidelines set forth by the CDC, which you can read more about by going to http://cdc.gov/coronavirus.

2) Maintenance and Repairs: 

Due to the restrictions on work and the need to keep government-mandated social distancing, we may be slower than normal to respond to non-emergency maintenance requests. Please don’t hesitate to call us with any requests, but please be patient as we work on what we can when we can. And if any maintenance workers are sent to your home, please be sure to keep at least six feet away from them, to maintain the social distancing. 

3) Rent Payments:  

As of now, the owners of rental properties in the United States are still responsible for making their mortgage payments to their banks, as well as paying for taxes, insurance, repairs, and other expenses needed to maintain your home. We still need to make sure we receive income to cover these bills. 

If you have lost all ability to pay rent, including losing your job, your other sources of income, your unemployment has run out, and no government assistance comes to fruition, then please contact us as soon as possible so we can help you go over your options. Communication is key and urgent. 

This is a rapidly changing time for everyone, tenants and landlords alike and we will continue to monitor the economic landscape in the coming weeks and months. Thank you for being a valued tenant and we look forward to getting through these tough times together. As always, don’t hesitate to reach out if you have any questions. 

Sincerely,

Management”

These are certainly difficult times, but it’s important to remain on the side of humanity while also making sure you do not get screwed over…

So, back to the stimulus check.  What should you do with it?  Well, that depends.  Are you consumer debt free (i.e. no credit card debt or loans?)  If not, take that money and put it into your snowballing debt payoff that we talked about in earlier posts.  If you are consumer debt free and have your emergency account full, consider investing that stimulas check into the stock market.  Not only will it help to stimulate the economy as it was designed to do, but you can get a pretty nice return when the market grows.  If you are new to investing, consider downloading Robinhood as a platform to start. 

Keep saving, and keep investing.  We will build our wealth together!

Mike Cavaggioni
Mike Cavaggioni

Mike Cavaggioni is an Active Duty Officer in the U.S. Navy, REALTOR-ASSOCIATE®, Real Estate Investor, and Finance Coach located in Honolulu, HI. He is the founder of Average Joe Finances and host of the Average Joe Finances Podcast. Mike owns real estate in Hawaii and Virginia and is building a community for people to come together to learn and build their wealth.

Content Inbound

Posted 2 CommentsPosted in Finances, General

So it’s been a while since posting.  There is a lot going on in the world of Average Joe Finances.  WE made a few websites (jumped on the Raid Area 51 Bandwagon and sold some merchandise), had a T-shirt store up and running, and most recently started a Real Estate Investment company.

I am excited to share the journey as we go along… Stay tuned.

Back to the Basics

Posted Leave a commentPosted in Finances, General

So here we are again working on our savings.  My wife and I have been trying to figure out what we want to do after I retire from the Navy.  We are less than 5 years out and we have been messing around with where our money should go.  I think we have come to the conclusion that we are going to buy a sailboat to live aboard and travel.  We have been toying with this idea for a long time and just never thought it could be a reality.

So, where have I been?  I have had some unfortunate medical issues that have kept me away for a while.  During those times, I was also working on another side-hustle by creating a few websites to sell.  That didn’t really work out to well so I decided to focus back to the basics.  What do I mean by back to the basics?  Well, we are focusing on our budget and watching our debt.  We had some renovations done to our house and we are paying off the loan we took out to pay for the work.  Normally, we would stop investing and just focus on the loan, but we have such a low interest rate on it, that I would actually lose money paying off the loan faster versus investing that money.

I have been thinking about different sure things to do on the side here in Hawaii.  The real estate market is really good.  I was thinking about getting my real estate license or work on my CFA certifications.  Sometimes I feel like I need to be doing something else to supplement my income even though we are doing just fine.  I keep feeling like I want to put more away for the future…  It’s honestly not a bad problem to have.  We have this goal of buying a sailboat, but we don’t want to sell the house.  Getting into real estate is something I have wanted to do for years.  I have some friends who own multiple properties and they say it’s not that hard.  It’s about the effort you put into it.  However, effort costs time, and I already spend enough time away from the family thanks to the Navy.  So, these ideas remain ideas and float for a while.

I always keep my eyes open for different opportunities.  Eventually, the right one will come along be it in real estate or finances, and I will jump on it.  Right now, the focus is on the budget and keeping our eyes on the prize.  The recent medical issues have highlighted some service-related medical problems from my last deployment to Iraq.  This has been an unfortunate turn, but we will make the best of it.  Between my Navy retirement and possible disability pay (thanks Navy), we will be in a better place than originally thought.  So, we’ll see what the future holds.  We have out five-year plan to stick with, but there is always room for change, especially if the change is better than the current plan.  This post probably reads a bit rambly (not a real word), because I am rambling in my head as I type.  Well, that’s it for now.  I’ll try to keep up at this blog.

Mike Cavaggioni
Mike Cavaggioni

Mike Cavaggioni is an Active Duty Officer in the U.S. Navy, REALTOR-ASSOCIATE®, Real Estate Investor, and Finance Coach located in Honolulu, HI. He is the founder of Average Joe Finances and host of the Average Joe Finances Podcast. Mike owns real estate in Hawaii and Virginia and is building a community for people to come together to learn and build their wealth.