Reader Case Research: Residence Well being Aide with Incarcerated Husband desires to Write Thriller Novels

Flowers from Robert

Ann is a 47-year-old house well being aide dwelling in Southern California. Her 4 teen/younger grownup sons dwell with their dad 10 minutes away, which allows her to spend time with them often. She can be newly married to her soul-mate, Robert, who’s serving a Life With out Parole sentence in a California jail 300 miles away. Ann’s making main modifications in her life proper now, together with incomes her BA in English and making ready to purchase a cellular house. She’d like our recommendation on methods to persist with her funds, use her money within the wisest means and work in direction of her objective of someday writing books and educating English.

What’s a Reader Case Research?

Case Research tackle monetary and life dilemmas that readers of Frugalwoods ship in requesting recommendation. Then, we (that’d be me and YOU, expensive reader) learn via their state of affairs and supply recommendation, encouragement, perception and suggestions within the feedback part.

For an instance, take a look at the final case examine. Case Research are up to date by individuals (on the finish of the publish) a number of months after the Case is featured. Go to this web page for hyperlinks to all up to date Case Research.

Can I Be A Reader Case Research?

There are three choices for people fascinated by receiving a holistic Frugalwoods monetary session:

1. Apply to be an on-the-blog Case Research topic right here.
2. Rent me for a personal monetary session right here.
3. Schedule an hourlong name with me right here.
4. Schedule a 30 minute name with me right here

To be taught extra about one-on-one consultations with me, examine this out.

Please word that area is restricted for the entire above and most particularly for on-the-blog Case Research. I do my finest to accommodate everybody who applies, however there are a restricted variety of slots out there every month.

The Objective Of Reader Case Research

Picture by Ann

Reader Case Research spotlight a various vary of economic conditions, ages, ethnicities, places, objectives, careers, incomes, household compositions and extra!

The Case Research collection started in 2016 and, so far, there’ve been 92 Case Research. I’ve featured people with annual incomes starting from $17k to $200k+ and web worths starting from -$300k to $2.9M+.

I’ve featured single, married, partnered, divorced, child-filled and child-free households. I’ve featured homosexual, straight, queer, bisexual and polyamorous individuals. I’ve featured ladies, non-binary people and males. I’ve featured transgender and cisgender individuals. I’ve had cat individuals and canine individuals. I’ve featured people from the US, Australia, Canada, England, South Africa, Spain, Finland, the Netherlands, Germany and France. I’ve featured individuals with PhDs and other people with highschool diplomas. I’ve featured individuals of their early 20’s and other people of their late 60’s. I’ve featured people who dwell on farms and people who dwell in New York Metropolis.

Reader Case Research Tips

Pleased Lunch!

I in all probability don’t have to say the next since you all are the kindest, most well mannered commenters on the web, however please word that Frugalwoods is a judgement-free zone the place we endeavor to assist each other, not condemn.

There’s no room for rudeness right here. The objective is to create a supportive surroundings the place all of us acknowledge we’re human, we’re flawed, however we select to be right here collectively, workshopping our cash and our lives with constructive, proactive strategies and concepts.

And a disclaimer that I’m not a educated monetary skilled and I encourage individuals to not make critical monetary choices based mostly solely on what one particular person on the web advises. 

I encourage everybody to do their very own analysis to find out the perfect plan of action for his or her funds. I’m not a monetary advisor and I’m not your monetary advisor.

With that I’ll let Ann, at present’s Case Research topic, take it from right here!

Ann’s Story

My Alter Ego

Hello, Frugalwoods neighborhood! I’m Ann, I dwell in Southern California and I’m a 47-year previous divorced mom of 4 teen/younger grownup boys who dwell with their dad 10 minutes away. I see my sons often–apart from the one who’s within the Air Drive. I’m the treasurer of their Scout troop and revel in it a lot! I’m a really detailed, organized particular person, and I discover nice satisfaction in maintaining correct monetary information for the troop, plus I get pleasure from being round all of the boys every week, even when my very own two aren’t there.

I’m newly married to my soul-mate, Robert, who’s serving a Life With out Parole sentence in a California jail 300 miles away. We met via a pen-pal web site and had been married within the jail a 12 months in the past. It sounds loopy, however I might fairly be married to him-in-prison than to anybody else out right here. Our relationship is predicated on telephone calls (now free!), texts (0.5 cents/textual content), hour-long video visits as soon as per week if we’re fortunate (free!), rare in-person visits (our objective is twice a 12 months, or extra if potential), and most lately and really excitedly, Facetime-like calls ($2.50/quarter-hour).

Ann’s Job and Hobbies

My job is right for me: I take care of an aged couple, each with dementia, of their house (40 hrs/wk). The one downside is that whereas I’m very lucky it pays sufficient for me to dwell on, my funds is simply too tight.

I like to learn novels (I simply learn Frankenstein for the primary time), knit & crochet (I’m at the moment engaged on two bedspreads), watch films/television exhibits (particularly ones that make me chortle), and {photograph} my life. I’m a homebody. 😊 Coloration and vivid pure mild are my lifeblood. Robert would additionally add that I like to “set up my coloured pencils” (I’m in all probability too organized, ha ha!).

Robert and I are at the moment writing a kids’s chapter ebook based mostly on a nightmare he had as a toddler. He has all the time thought it was a narrative deserving to be advised. It’s sluggish going, since we’re restricted by 15-minute telephone calls, however we hope it would complement my earnings and pave the best way for extra books. We’re writing for a middle-school viewers and are nearly on the focused 20,000 phrases. We make a great crew–he’s the artistic genius whereas I present the construction and particulars for his concepts. I believe I might make an excellent editor!

Ann’s Objectives

One in all my Boys

My objective is to be financially unbiased in order that I by no means have to fret about cash. I discover the Meyers-Briggs personalities very correct, and my character (INTJ) turns into burdened when pressured to consider on a regular basis issues. Since dwelling by myself, I’ve discovered this to be very true! I’m all the time carrying round monetary fear. I’m petrified of being destitute sometime, particularly with current rising prices. After I was first employed for my job and discovered I’d be making $25/hr and realized this could cowl my bills, I felt an unbelievable lightness! I hadn’t realized the extent of the burden I used to be carrying till it was gone. However then costs began inflating and the worry got here again.

I moved and began sharing dwelling bills with a roommate in August, which has helped ease the monetary burden. Nonetheless, I’m nonetheless attempting to recuperate financially from August between the shifting bills (the movers had been solely purported to price $400 however ended up costing $1,284!) and dropping 8 days of labor resulting from having Covid (40% of my month-to-month earnings!). That’s one other downside to my job. As a result of my couple are aged with pre-existing circumstances and suppressed immunities, I’ve to remain house the complete 10 days if I’ve Covid. So I nonetheless put on a masks EVERYWHERE, and I’m so anxious about getting it once more.

I’m additionally beginning a facet hustle with two merchandising machines. It’s going to give me some mostly-passive earnings, in addition to present a job that Robert can take over within the hopeful occasion he’s paroled. Legal guidelines are altering, he has been in for greater than 20 years, and he’s now thought of “aged” on the ripe previous age of 52, so we’re hopeful. It is going to be excellent for his parole packet if he has a job prepared for him to return house to. He has the character and abilities to excel within the merchandising business. I don’t, in order that’s why I solely have two machines.

What brings you to submit a Case Research?

My Oldest Son

What feels most urgent proper now’s that I’m not making sufficient cash. I make sufficient to cowl my primary bills, with only a few frills. And I’m not even paying for medical insurance proper now. I would like recommendation on the place to additional lower my bills (I’ve made nice strides in that this previous 12 months!) and methods to STAY ON BUDGET till I can earn extra. I’m subsisting with MediCal, which I hate, however it’s free, and since I’ve medical circumstances and month-to-month prescriptions, it is a crucial evil proper now.

I actually love my job, however working as a CNA/HHA won’t ever pay a lot. I’m VERY lucky to be making $25/hr. Final 12 months, I used to be incomes solely $17/hr working at a healthcare facility and the 12 months earlier than, I used to be incomes a meager $15/hr as an administrative assistant.

Ann’s Want to Write

I wish to increase my incomes energy, and since my final dream job is to work from home from my laptop computer, I’ve began incomes my BA in Inventive Writing. My best-case state of affairs could be to put in writing profitable thriller novels like Agatha Christie! I plan to go on to earn a Grasp’s as nicely, as a result of then I can train on the neighborhood school stage, ideally on-line courses. Having homeschooled my sons for therefore a few years and having taught an English class for different homeschoolers, I do know I really like educating.

With a bachelor’s in English, there are additionally on-line positions out there to show English to international college students. My plan is to stick with my aged couple till I earn my BA, then discover an internet job utilizing my diploma, however staying with my couple part-time, as a result of I actually love them. Then I can begin courses for my MA. After that, I ought to be capable of work and earn sufficient for my monetary objectives. A good thing about working from house will probably be that I gained’t need to retire till I wish to, as I can hold incomes cash so long as my mind works regardless of what my physique could resolve to do. I plan to maintain up my medical licenses, as I really like eldercare, and it’s one thing I can do part-time, even just some hours per week if that’s all I wish to do. I’ll all the time be capable of discover work since eldercare is a reliable, recession-proof supply of earnings.

Ann’s Plans to Purchase a Residence

Robert’s Residence

My roommate and I’ve determined to separate (our lease is up in September), so I’m within the technique of in search of a cellular house to purchase, since I lately discovered that I can! Hopefully once I replace this publish, will probably be from my very personal nest. I’ve been pre-approved for a $130k cellular house mortgage with a most month-to-month area lease of $1,000. My mixed month-to-month funds can not exceed $1,650.

I do know a rental is a greater funding, however I will probably be happier in a cellular house—it’s unattached, and I’ll be capable of have my very own outside area. Additionally, there are actually no condos in my county within the vary I’ve been authorized for ($250k max). My monetary advisor approves, because the vital factor is to cease losing cash on lease. I’ll use my non-retirement account (which is now at $68k) because the down fee and for the money move crucial when shopping for a brand new house (since there are all the time bills).

I’m very new to being in control of my very own funds and it has been a trial by hearth. In my earlier marriage, my ex-husband managed all of the funds. I used to be blissfully blind to every part besides the cash I acquired for groceries and my private expenditures. However I’ve a superb monetary advisor whom I belief and whose recommendation traces up with what I learn on Frugalwoods and listen to on the ChooseFi podcasts. His recommendation is to withdraw nothing and let my investments develop, whereas doing my finest to contribute $6,000 into my Roth IRA every year (the max allowed). Proper now, I’m not contributing something, however that’s one thing I wish to do.

The Feast or Famine Cycle

Nonetheless Life with Oranges

One other factor that feels very urgent is my procuring drawback. For my whole grownup life, I’ve by no means been in a position to keep on a funds. Purchasing is my coping mechanism when life will get demanding. I’ve a feast or famine means of coping with this. I begin out with the perfect of intentions, sticking carefully to my funds, however once I really feel burdened and overwhelmed, then I OVERSPEND—usually on issues I used to be denying myself whereas I used to be being so good, after which some. After which I really feel so wretched that I’m even stricter with my funds, which in fact begins the entire cycle over once more. I’m additionally this manner with consuming.

I do know that if I used to be in charge of my spending, I might have constructed up my money cushion already. I’ve been utilizing a funds program to funds my bills this 12 months, and it has been actually useful in curbing the senseless overspending. Nonetheless, I can’t appear to manage the emotional spending.

What are the perfect components of your life?

Nonetheless Life with Handspun Yarn

One of the best components of my present way of life are spending time with Robert and my boys, my English courses, and my job. I really like my husband–he’s a beautiful man, by no means just like the stereotypical prisoner. I actually get pleasure from my boys and I’m unhappy I miss out on being with them daily. I do know I may dwell less expensive someplace else, however I don’t wish to transfer away from them. Writing satisfies one thing inside me, and I’m very excited by the concept that I may earn a dwelling doing it. And I actually have the perfect job! My couple adores me, their household values me, and my co-workers are fantastic individuals.

What are the worst components of your life?

The worst a part of my present way of life shouldn’t be having sufficient time. I’m working full-time, education part-time, beginning a small enterprise, and attempting to purchase a house and transfer, on high of creating certain I’ve common time with Robert and my sons. I’ve often scheduled time with my two youngest boys, and Robert and I discuss on the telephone within the evenings after I get house from work.

The place Ann Desires to be in Ten Years:

Monetary:

• To haven’t any cash worries!
• To be nicely on my method to monetary independence, with investments in actual property.

Way of life:

• To have a cat or a small canine and to be working from house, dwelling by myself (with Robert!)

Profession:

• To be a profitable author—working from house and getting paid for my writing.

Ann’s Funds

Revenue

Money owed: $0

Property

Automobiles

Bills

Credit score Card Technique

Ann’s Questions For You:

1. How can I additional lower my bills whereas I’m at school these subsequent few years? And the way can I maintain this funds?
2. How can I eke out $6,000 a 12 months to place in my Roth IRA?
3. How can I management my procuring drawback?
4. How ought to I pay for my Grasp’s diploma?

Liz Frugalwoods’ Suggestions

Ann’s oldest son

I wish to thank Ann for sharing her story with us at present and congratulate her on all of those thrilling life modifications forward!

Ann’s Query #1: How can I additional lower my bills whereas I’m at school these subsequent few years? And the way can I maintain this funds?

Whereas I agree with Ann that her earnings is low, it’s additionally true that she’s managing to dwell on it. That’s an enormous win! Loads of people don’t break even each month and doing so is an accomplishment all by itself. So take some reward right here, Ann: you’re making it work! Wouldn’t it be simpler if she had a better earnings? After all! However since that objective is probably a couple of years away, her inclination to spend much less is sensible.

Anytime an individual desires to spend much less, I encourage them to comb via their bills and categorize every merchandise as Mounted, Reduceable or Discretionary:

• Mounted bills are belongings you can not change. Examples: your mortgage and debt funds.
• Reduceable bills are crucial for human survival, however you management how a lot you spend on them. Examples: groceries and gasoline for the automobiles.
• Discretionary bills are issues that may be eradicated totally. Examples: journey, haircuts, consuming out.

That is all the time an illuminating train as a result of we will’t understand how a lot we will save if we don’t know our classes. That is additionally, by the best way, why I encourage everybody to discover a system for expense monitoring that works for you. I take advantage of and suggest the free monitoring service from Private Capital, however there are many different choices in the marketplace (affiliate hyperlink).

Under is that this categorization train for Ann and it assumes that every one Robert-related bills, which complete $625 per 30 days, are mounted and non-negotiable.

That is an austere, naked bones funds, however it illuminates Ann’s baseline. In different phrases, that is probably the bottom quantity she may spend each month. I eradicated every part Discretionary and diminished every part Reduceable. From a high quality of life standpoint, I can’t say I like to recommend this. However from a saving cash standpoint, that is essentially the most aggressive method to go about it:

At this naked bones funds stage, Ann could be on observe to save lots of an extra $7,932 per 12 months. This may reply her second query of:

How can I eke out $6,000 a 12 months to place in my Roth IRA?

She may simply take $6k of that saved $7,932 to place into her Roth IRA and nonetheless have $1,932 leftover.

Ann’s Query #3: How can I management my procuring drawback?

Paper cranes

Whereas the above naked bones funds solves Ann’s first two questions: methods to save extra money and methods to discover $6k to put money into her Roth, it possible makes query #3 extra of an issue. The problem I see with this funds is that it’s excessive and miserly and would possible catapult Ann into that feast or famine mindset she talked about she’s fallen sufferer to previously. It appears a center floor will probably be extra sustainable for her (and anybody) for the longterm.

To that finish, I encourage Ann to carry out this identical train along with her bills. She could have totally different categorizations for every merchandise and totally different proposed new quantities. What I like about this format is that you may set a objective for a way a lot you wish to spend every month after which work backwards to determine methods to get your spending to align with that objective. I can’t inform Ann (or anybody else) what she ought to spend her cash on or what her priorities needs to be–solely she will be able to establish what she values essentially the most. If Ann is ready to eradicate something that doesn’t match the standards of being a highest and finest precedence, her objective ought to come into sharper focus. She’s already executed the laborious work of monitoring and itemizing all of her bills–now she simply must reckon with which of them matter essentially the most to her.

At work

This feast or famine mindset is a well-known one for lots of parents. We severely prohibit ourselves after which binge in the other way as a result of we really feel disadvantaged. The objective of sustainable, lifelong frugality is NOT to deprive your self–it’s to create a tenable steadiness between treats and financial savings. I name it ‘luxurious frugality‘ as a result of the hope is that you simply’re in a position to create a funds by which your whole wants are met and sufficient of your ‘luxurious desires’ are additionally met. Thus, you’re in a position to really feel plentiful versus disadvantaged.

My favourite ways for attending to this place of luxurious frugality entail frugal substitution and the ruthless elimination of issues that aren’t priorities.

Right here’s that concept fleshed out in a publish I wrote a couple of years in the past titled, Easy methods to Create Sustainable Cash Habits:

Determine: Suppose via your typical day/week and establish each juncture at which you spend cash.

Disrupt: For each money-spending occasion you establish, make a proactive plan for a way you’ll eradicate or cut back that expense.

For every of those spending junctures, determine for those who can: 1) eradicate it totally; or 2) make the most of frugal substitution. (You can too carry out this train by way of spreadsheet with the above expense categorization method).

Listed below are a couple of examples:

• • Frugal substitution: bringing your lunch from house fairly than shopping for it out
  • Elimination: cancelling a fitness center membership you’re not utilizing
  • Frugal substitution: shopping for a costume to put on to a buddy’s marriage ceremony at a thrift retailer as an alternative of recent
  • Mixture elimination and substitution: not consuming alcohol on sure days/weeks to scale back your expenditure in that space

With frugal substitutions, we’re not giving one thing up, we’re simply doing it extra cheaply. Ann’s utilization of the MVNO Mint for her cellular phone service is an ideal instance of frugal substitution (affiliate hyperlink). She’s not going with out a telephone, however she’s spending solely $17 a month on service, which is drastically lower than most People.

The road objects I encourage Ann to research first are Robert’s discretionary spending, her discretionary spending and consuming out–these three objects complete $510/month ($6,120 per 12 months). Once more, the objective is to not berate your self or really feel responsible; fairly, it’s to interrogate if the return you’re getting on these expenditures is value it.

Ann’s Query #4: How ought to I pay for my Grasp’s diploma?

Pleased Dwelling Room Association!

I wish to pause right here to speak about Ann’s pursuit of a BA and MA in English. Firstly, you don’t want a university diploma to be able to grow to be a author. You simply have to put in writing. Whereas an English diploma actually supplies helpful methods and instruments, it’s not a requirement to grow to be an writer. To that finish, I encourage Ann to discern if her objective is to put in writing novels or train English.

→If the actual objective is to show English, then sure, levels are required.

→Nonetheless, if the actual objective is to put in writing books, a level shouldn’t be required and getting one is probably slowing down your writing progress.

If the objective is to put in writing books, Ann ought to make the most of her time to put in writing books versus sitting in a category and doing coursework.

I additionally wish to pull aside the threads of Ann’s competing objectives:

1. On one hand, she has recognized that she desires to earn extra money.
2. Then again, she has recognized that she desires to put in writing books.
3. Sadly, #2 shouldn’t be very prone to make #1 occur anytime quickly.

I believe most of us will agree that discovering a remunerative profession as an writer isn’t one thing to hold a monetary plan on. I write this as a broadcast writer who bought paid to put in writing this ebook a couple of years in the past. It was a grueling, difficult course of and I can consider at the very least 1,000 simpler methods to make cash.

Write since you love to put in writing, not since you suppose it’s going to make you wealthy (and even pay the payments).

Yard Puffball

As a fellow author, I’m not attempting to rain on Ann’s goals right here, I simply need her to be crystal clear about the truth that an English diploma and writing books should not nice methods to make cash. There are A LOT of aspiring writers with English levels who could be thrilled to make the $25/hour Ann at the moment makes. And Ann already is aware of that writing can occur anytime, wherever–it doesn’t must be inside the confines of your “full-time job.” Loads of novelists maintain down day jobs whereas engaged on their craft of their spare time.

Leaping again to the discernment query, if the objective is to show English, then Ann must have a really concrete plan for a way that will probably be achieved. Because it stands, the BA and MA are a troublesome monetary proposition since there’s not a transparent trade-off for elevated earnings.

Listed below are the questions on educating that I encourage Ann to discover:

1. What earnings can she count on as a trainer? It may not be rather more than $25/hour.
2. Will she additionally want a educating certificates or diploma to be able to be employed as a trainer?
3. Can she be employed as a neighborhood school English trainer, as she famous, with out prior educating expertise?
4. Ann talked about educating English on-line to English language learners and I’m nearly 100% sure you don’t want a level in English to do that. Ann already has a university diploma and that’s possible all that’s wanted. I strongly encourage her to discover all of those avenues.

Backside line: if getting a BA and MA isn’t going to measurably enhance your incomes potential, it’s a really costly gamble.

Holistic Monetary Overview

Let’s do an entire rundown of Ann’s property and see the place issues stand.

1) Money: $27,125

Diary-Free Truffles from Robert

Between her three checking and financial savings accounts, Ann has $27k in money, which is implausible! At her present spend fee of $3,579 per 30 days, she’d ideally have an emergency fund of $10,737 (three month’s value) to $21,474 (six months’ value). She’s over this quantity, however I believe that’s advantageous since she plans to maneuver within the close to future, which is a notoriously costly endeavor.

→Motion merchandise: transfer the money to a high-yield financial savings account.

Ann’s money is underutilized in the meanwhile since it’s incomes 0% or 0.05% in curiosity. She ought to discover shifting her money right into a high-yield financial savings account, such because the American Specific Private Financial savings account, which–as of this writing–earns 3.40% in curiosity (affiliate hyperlink). In that account, in a single 12 months, her $27,125 would earn $922 in curiosity! That’s free and straightforward cash!

2) Retirement: $336,210

Between her Roth and conventional IRAs, Ann has $336,210 in retirement investments. Let’s see how this measures up in opposition to Constancy’s Retirement Rule of Thumb: 

Purpose to save lots of at the very least 1x your wage by 30, 3x by 40, 6x by 50, 8x by 60, and 10x by 67.

Since Ann is 47, let’s go together with 5x her wage, which is $260,000 ($52,000 gross wage x 5). By that metric, she is on observe. The caveat, nonetheless, is that Ann has recognized that her wage is simply too low and her funds too restrictive. In mild of that, she’ll wish to control rising this quantity as her earnings will increase to a extra snug stage. Her inclination to max out her Roth IRA yearly is a good one and I encourage her to work in direction of that. For 2023, the utmost contribution allowed is $6,500. Notice that this jumps to $7,500 while you’re age 50 and older.

→Motion merchandise: Decide her Social Safety advantages

Figs

Ann must also determine her anticipated Social Safety advantages by following these directions on methods to retrieve her earnings tables from ssa.gov (the federal government’s Social Safety web site). Her anticipated Social Safety will type the essential baseline of her retirement earnings.

3) Taxable (aka non-retirement) Investments: $69,376

My understanding is that Ann intends to make use of most/all of this for the downpayment on her cellular house, so we’ll take into account this cash already earmarked for that.

A Notice On Cell Properties

Since Ann plans to purchase a cellular house, I wish to embody a couple of notes–which she could already pay attention to–however I’d be remiss to not point out. My main warning right here is about cellular house parks and their totally different administrative buildings.

Questions for Ann to ask:

1. What’s the HOA (house proprietor’s affiliation) charge or park charge?
2. Who owns the park?

This second query is very essential since, ideally, you wish to purchase a cellular house in a park that’s owned by both a non-profit or a cooperative made up of the residents. If a park is as an alternative owned by a for-profit entity, park charges might be hiked dramatically over time. And regardless of their title, it’s costly to maneuver a cellular house, so that you’re basically restricted to staying within the park to procure into. Thus, if the park charges dramatically improve, you’re caught with these charges. Plus, for those who attempt to then promote, the worth of your own home is diminished as a result of patrons will probably be deterred by the excessive park charges. The easiest way to mitigate that danger is to purchase a house in a park that’s owned by a nonprofit or cooperative.

Abstract:

1. 

   A Present Challenge

   Carry out the expense categorization train outlined above and mess around with the proposed new quantities to spend every month:

   • Determine which objects are priorities, which might be eradicated and that are ripe for frugal substitution.
2. Determine the place to save lots of the $6,500/12 months to put money into your Roth IRA.
3. Make sure you’re making a sustainable frugal funds that gained’t result in deprivation and the temptation to severely prohibit after which binge.
4. Spend time discerning if the objective is to put in writing novels or train English:
   • If the actual objective is to show English, create a concrete plan for methods to get employed and know the anticipated wage and necessities (educating certificates, educating expertise, and so forth) prematurely.
   • If the actual objective is to put in writing books, then the diploma(s) should not required and are probably slowing down your progress.
5. Write since you love to put in writing, not since you suppose it’s going to make you wealthy (and even pay the payments):
   • Ann wants a sensible and practical plan for supporting herself and writing books shouldn’t be a steady path to that.
   • Revenue will possible want to return from someplace else whereas the ebook writing occurs within the off-hours. Many authors have adopted this path to nice literary (if not monetary) success!
6. Take into account shifting your whole money right into a high-yield financial savings account.
7. Maintain your eye in your retirement investments and make sure you’re rising them as you develop your earnings.
8. Decide your anticipated Social Safety earnings.
9. Analysis the park charges and park possession construction of all potential cellular houses.
10. Replace us on all of the thrilling modifications you’ve on the horizon! We’re cheering you on!

Okay Frugalwoods nation, what recommendation do you’ve for Ann? We’ll each reply to feedback, so please be at liberty to ask questions!

Would you want your personal Case Research to seem right here on Frugalwoods? Apply to be an on-the-blog Case Research topic right here. Rent me for a personal monetary session right here. Schedule an hourlong name with me right here, refer a buddy to me right here, or e mail me with questions (liz@frugalwoods.com).