Monday, June 13, 2016

Calling the City Planning Department

In Santa Monica, if you want to find out what you can build on a particular lot, you will need to call the city. Specifically the planning department.

The phone number to the Planning Department is 310-458-8341. You also find it on the website smgov.net

You can also go to the public counter at the City Hall Room 111, and speak to the planner. The public counter is open 9-4pm on weekdays.

Sunday, December 6, 2015

Prioritizing The Important Things in Life

Some people have an internal compass that automatically sort, organize, and prioritize the elements in their lives. Whereas other people, like me, do not. I am more on the creative side, scatter brained, jumping on wild ideas. This inability to prioritize and organize also lead to anxiety as small problems are emotionally magnified. Because of this observation about myself, I realized that I need to consciously think through what I thrive for, what is truly important, what take precedence. As I go through this exercise I become less anxious, my goals become clear, and I become more focused.

In order of importance, these are what I value in life.

1 - Health,

2 - Relationship

3 - Money

4 - Freedom, autonomy

5 - Success, achievement, progress, respect


For other people it maybe different. I am not religious or spiritual, but I can see that high up in the order of importance.


Since this blog is about financial freedom I will digress and discuss what constitute a good job. What you like about a job also over lap with some of the elements listed above, especially the last 3. Our professions take up a majority of our waking time; therefore, we should optimize it to improve the quality of our lives.

Here are some elements of a good job:

Control over schedule
Interesting subject
Challenge, growth
Align with your strength
Good colleague
Pay, especially progressive increase in pay
Making a difference in the world


I become grateful for what I have as I go through this exercise. And the things that I lack, knowing it is not essential, causes me less anxiety.

Tuesday, June 30, 2015

Annual Family Expense

This is my estimate for annual cost of living for a family of 4. I currently have 4 properties that I am in the process of turning into cash flow positive. The hope is that I will have enough rental income so that I can live for free thereby eliminating housing as part of my expense.

Childcare 42000
Food 23000
Vacation 18000
Car 9600
Gas 5000
Car Insurance 2000
Life Insurance 2500
Clothes 9500
Children's Lessons 12000
Miscellaneous 10000

Total $133,600

This still require that I make $270,000 a year. I will put $40,000 in my SEP-IRA. With $230,000 left and assuming 40% tax which will leave me with $138,000. The plus side of this equation is that if I have a family of 4 by default I will have a wife with income all of which will be icing on the cake.

Tuesday, June 23, 2015

First Day

Today is the first day to my financial freedom.

Currently I am generating only $130/month of dividend income from my Vanguard stocks. This does not include my IRA which I do not consider a passive income generator at this point.

My goal by the end of July is to have a purchased some notes on my Prosper P2P account, and rent out my last house to try to break even in my housing cost.

I am also keeping a log of how much time is spend in developing "passive income".