Back to the Basics

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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 is building a community for people to come together to learn and build their wealth.

The Beginning…

Posted Leave a commentPosted in Finances, General

Welcome to Average Joe Finances.  This blog will be all about budgeting and investing for your everyday “Average Joe.”  This is something that I have recently become very passionate about.  I always thought saving money and investing was too difficult to comprehend.  Trust me, it still is…  But there are some simple ways for your everyday average person to save, invest, be comfortable in life, and possibly even get rich…

This blog is not the place to come if you think you can get rich quick.  That is not what this is about.   What I want to explore with all of you are the different ways you can utilize your current income better, make your income stream higher, budget to save more, and investing your money for growth. 

I am hoping that I can share my experiences, but successes as well as failures to help you not make the mistakes I made and to make good financial decisions.  I am not certified as a financial advisor or anything like that, however, it may be something I do when I retire from my first career.

Here is a little about me.  I am 35 years old and have served in the military for almost 17 years.  I enlisted in the Navy at the lowest paygrade back in 2002.  I have worked really hard to rise through the ranks and am currently an officer.  I am not trying to brag or anything, I am sharing my successes as well as my failures… I am planning to retire from the Navy in 5 years when I am 40 years old.  I will most likely start another career until I am 60 when I plan to permanently retire.  Maybe I will retire before that, but maybe not.  I tend to plan my life five years at a time (and will talk about this in future posts).  I am now in a place where retirement from my first career is part of my five year plan.  It’s scary!  I just started using a financial advisor because I wasn’t happy with where I am at financially just yet.  After sitting down with my advisor, I have come to the realization that becoming a millionaire by the time I retire is not only a possibility, but IT WILL happen.  It made me think… I just really starting being aggressive with making my money work for me at the age of 35, what if I would have started 10, or even 15 years ago?  Well, what ifs don’t matter much when the time has already passed… However, there is some “what ifs” that are worth talking about…

What are these “what ifs” you ask?  Great, I’ll tell you.  The “what if” I am referring to is…  What if this blog reaches out to someone who is in that age range?  What if this blog reaches out to someone in my age range and helps them realize it’s not too late?  What if this blog reaches out to someone who is a bit older, but helps them even slightly live a more comfortable life in retirement?  That is what I want this blog to do.

Again, I am not a certified financial advisor or planner or anything of the sort.  I have taken a few finance classes and I have my own financial advisor that helps me with some of my decisions.  I try not to take what my advisor gives me as gospel and I try to do my own research.  I am just your everyday “Average Joe” that is trying to make a better life for himself and leave a legacy behind for his children.

I would love feedback from those of you who will follow this blog and would love to share some of your stories with the community as well.  I am looking forward to hopefully helping some of you take control of your finances and set yourself up for a comfortable future.

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 is building a community for people to come together to learn and build their wealth.