WODAPALOOZA 2018

WODAPALOOZA 2018

If you haven’t heard of this Miami Fitness Competition, you need to look it up! For all of you Crossfitters out there, this is by far the BEST competition I’ve ever participated in.

Last year I qualified online after doing 8 grueling workouts with 2 other girls and we qualified for the ELITE Women’s Division. What does ELITE mean? It is the highest echelon, the heaviest weights and the most competitive. Certainly RX or (Prescribed) is still very competitive, but the ELITE competitors do this for a living. Their norm consists of 3 workouts a day, 6-7 days/week and have YEARS of competition experience.

What movements were emphasized?

RUNNING

First day, killed everyone’s legs with a 7k run with an intra-workout wreck bag carry for one mile. The next day my hips were dying, and it felt like a ran a marathon. Holy cow, did this first day really emphasize cardio and at 6AM!

SANDBAGS

The worst workout by FAR was the #150 sandbags. As a three person team, after swimming 400m we had to throw this bag over our shoulders 20 times. My time only got 15 reps and boy did it destroy our back. So much of this movement is technique, like most heavy weights.

REGULAR OL’ CROSSFIT

4 of the workouts consisted of Toes 2 Bar, Wall balls (20 lbs to 10 feet), pull ups, Chest to Bar pull ups, deadlifting and double unders. These were by far the most fun, because we have the most experience with these movements.

HEAVY SLED PUSHES

In the midst of all of our pull ups we had to push 200+ lb sled back and forth. We ended up taking our shoes off just to get some traction on this wonky stage. Challenges like this made the competition more interesting because you had to think on your feet and figure out how to move the sled without just muscling through it.

 

The last workout, and my favorite by far was the Hang Power Clean, Front Squat and Jerk Complex at 185/195 and 205 lbs. It really showcased how competitors could handle a heavy barbell and how many people on the team were strong enough to make a dent in this 9-6-3 complex.

  1. If you want to watch any of the workouts, like Crossfit Craic.

4 Reasons Why Real Estate Builds Wealth

 

4 Reasons Why Real Estate Builds Wealth

There seems to be a divide, almost political in nature among investors. Stocks vs. Real Estate. Arguably, it is probably best to diversify and have a good spread based on your own goals and situation about what investments you choose. This is a basic run down about why Real Estate can be a good vector to build wealth FAST.

  1. Cash Flow

Buying properties at the right price in the right market will provide you with monthly income. Obviously, parts of this has to be budgeted for Repairs/Maintenance and CapEx (BIG repairs). However, not many jobs or side hustles can immediately start bringing in $500-$1000/month.

2. Equity

Every month you are (or your tenants are preferably) are forced to stash away your mortgage into an investment similar to a savings account. Over time, you start paying less interest as that principal is being eaten away, month by month and year by year. This investment is very illiquid and unless you sell or re-finance its hard to get that cash out! Which is probably a good thing for most Americans, since dipping into your savings account is as easy as clicking a button on your phone.

3. Appreciation or Forced Appreciation

In certain areas, the ‘icing on the cake’ is the appreciation your building might obtain. New schools, coffee shops, other apartment buildings are being built and making YOUR land more valuable. If you are in an area where none of these things are happening you can MAKE your own appreciation by renovating, remodeling, etc… and reaping the benefits with a higher rent.

4 .Tax Advantages

With a new tax bill, there are still some areas we are figuring out. But overall, owning real estate can be hugely beneficial in terms of the depreciation you write off every year for the building. Real estate is a semi-business and luckily, in America we are rewarded for being entrepreneurs and taking on responsibility to provide a PRODUCT to consumers, in this case housing.

Real Estate is an avenue where you have control over your investment whether that be buying at a certain time in a certain place, versus getting a tenant in, etc… and it can pay off immensely month-to-month and most certainly once that loan is paid off!

If you want more control of your investments other than just paying a day trader consider learning more about Real Estate. Check out BiggerPockets.com for more info.

How to Increase your Net Worth by $15,000 by going on Vacation

How to Increase Your Net Worth by $15,000 by going on Vacation

18-Jan

Checking 4,714.80
Savings 51,983
Real Estate
Rental Property 1 Savings 10,686
Rental Property 2 Savings 3,920.73
Rental Property 2 Checking 2,052.42
Rental Property 1 Zestimate 739,518.00
Rental Property 2 Zestimate 173,000

INVESTMENTS
Lending Club 3,347.79
Roth IRA 19,812.63
Vanguard 24,735
TSP 48,931

Liabilities
CC 1 61.44
CC 2 194.27
CC 3 79.76
Car Loan 0
Rental Property 1 Loan 647,119.08
Rental Property 2 Loan 158,973
Net Worth 286,275.35

Last month was a whirlwind with the holidays and our annual trip to Kauai. After evaluating my finances and overcoming the urge to hold a large sum of cash in a savings account, I paid off loans, moved money around and enacted automatic withdrawals. I’ll go over what I changed in the past 5 months to increase my net worth by $15,000 in 3 months. Back in September my net worth was at $269,000.

1. Pay off debt.

I recently bought a used car, a 2015 Nissan Rogue for my new duty station since it snows here a lot and I’ve been using my high school 2004 Chevy Malibu for most of my twenties. While I did have enough cash to pay for it at once I took out half of the price ($8,000) on a low interest loan. I paid a couple of hundred/month but just the fact that I had this loan annoyed the hell out of me. I didn’t dip into my savings to pay off the rest of this loan, each paycheck I threw $1,000 to the remaining balance which last September was $7,872.

Getting my title from the bank for my car was EXTREMELY satisfying. But of course there is a problem with the HVAC system and is blowing COLD air into my passenger area which is not helpful in -32F wind chill during the ‘bomb cyclone.’

Cars are horrible investments and I hope to someday never own one. But until we get flying, driver-less cars from Tesla I’ll have this god damn used SUV.

2. Rent out a Unit

I recently moved into a fixer upper house and was slacking on cleaning/moving out of the duplex I was in. I was also worried renting this place out in the winter would be challenging but I found a great tenant within a week! I tried using Facebook in addition to Zillow/Trulia/Hotpads/Craigslist. Now I can buffer up my savings for that property since while I was living in it I was paying out of pocket for any repairs/maintenance. My plan is to save three months of extra rent from this unit and then start putting a portion of each rent towards the Principal.

3. Index Funds

I transferred my mutual funds from my primary bank to Vanguard and investing in a Target Retirement Account since pretty much every Personal Finance blog I’ve read encourages using Vanguard for their low fees and I’ve seen about $2,000 in growth just my moving it around! I also increased my automatic withdrawal from my checking account each month to go into this fund and lowered my TSP withdrawal.

4. Extra Mortgage Payments

I additionally started throwing an extra $30 to each mortgage payment which I don’t really miss or even notice each month. I also decided to give an extra $5,000 to the San Diego Rental Property and an extra $3,000 to my CT Duplex.

This is all in the context of traveling across the world, boarding my two dogs and eating out constantly! There are a lot of small things you can do to put money that is not growing any interest in your savings account to use. Paying off debt, usually with the highest interest first is the best thing you can do plus, invest, invest, invest! Whether that be to your 401(k), Roth, or Rental Properties.