Hi everyone at BFS! My name is Carvin, I’m 32 years old. I have been happily married for 3 years. We are a DINK family (double income no kids), but we have 4 cats and 2 dogs, all of which are rescues. We live in a 2500 sq. ft. home that we bought after the housing market collapsed, mainly for investment purposes. I graduated from a private university with an MBA in accounting and financial management.
We finished paying off our car loans two months ago, that was a fantastic feeling. The only debt we have is the mortgage and student loans. I am currently wrestling with whether or not to pay down those loans or ramp up investing. The only time I use credit cards is when I am purchasing something online or something that needs added protection. I pay off the credit cards as soon as the charges post in most cases. I do not want to give them a chance of snowballing and becoming a problem.
My current goal is to save 1/3 of my gross income and invest it. I would like to purchase some rental property in the college town that is close by. I am aiming for making my first purchase in 2015.
I also hope to purchase my next automobile with cash, but I will be driving my current automobile until it cost more to repair it than buying a new car. I hope to not buy anything that I do not already have the money saved for, but I am married and last I checked I get one vote and she gets two votes.
Why I Blog
I love finances, and getting down into the numbers. I enjoy providing people with information that can help them make more informed decisions about their own finances. Blogging has also allowed me to talk to like-minded individuals when it comes to saving money and avoiding debt. That is the secret to keeping your finances in order, surrounding yourself with like-minded individuals.
Crystal’s Comments: Sounds like you are on the ball! And yay for rescue pets – they’re awesome, right? The debate between paying off cheap loans and investing is a long one…good luck with that decision. We are trying to do both, but I seem to lean towards debt payoff for the stability it offers my crazy mind. 🙂
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FYI: I worked at a dead end cubicle job from 2005-2011 for about $30,000 per year. I went self-employed in July 2011 and make between $80,000-$100,000 through blogging, professional pet sitting, hubby's reffing, and our rental home. If you’d like to start your own site (link to my free step-by-step guide), I highly suggest checking out Bluehost (my referral link with a nice discount for you, PLUS a free custom header banner from me!). I even have all of my favorite tools on a resource page - I hope they help you too. Please contact me any time at budgetingfunstuff*at*gmail*dot*com with questions or just to brainstorm! I’d love to help!