Today's Focus

Current Goal: Eliminate Mortgage on Rental Property
Interest Rate is 5.125%!

January 1, 2019: $59,592
July 9, 2020: $13,496

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Tuesday, July 7

My Frugal Miser - June Income: $18,531

Even though the meeting industry is shut down, I managed to keep our income up.  There were some one-time inflows which made this the best month of the year.

The Airbnb is doing great.  We only had 3 empty days.  The trend is definitely towards shorter stays from drive-in guests.

Meeting work was zero.  It's possible we will work one day in July for a special gathering to demonstrate safe meeting practices.  I'm a bit skeptical about the meeting taking place, but we'll see.

Rental income only includes a house and a condo in Birmingham.  The other Birmingham house was vacant.

I received a $1,000 bonus for upgrading a bank account.  My partner received a lump sum for unemployment and made a hefty contribution towards our bills, which is posted in Other Income.

June Income: $18,531

$0 Mystery Shopping/ Merchandising
$0 Meeting Jobs
$1,424 Gig Apps (Rideshare, Scooter Charging, Food Deliveries, etc.)
$1,556 Amazon Deliveries
$1,665 Rental Income
$3,509 Airbnb Income
$23 Interest Income
$10,354 Other Sources

Investment Accounts Change in Value:  $21,873

My investment accounts continued to recover from the corona crash.  Unfortunately a couple of my positions may be permanently impaired.  The largest loss has been Tailored Brands, owner of Men's Wearhouse and Joseph A. Banks.  The company could be headed for bankruptcy and my 12,000 shares will likely not recover.

Sunday, July 5

My Frugal Miser - June Expenses: $24,319 (!!!)

I made a lot of progress in June towards reducing ongoing expenses.  I bought a used Elantra to replace the Sonata.  I will be selling the Sonata soon.  This will reduce auto expenses in a couple ways:  the Elantra is more fuel efficient, so I'll save on gas.  It will also reduce repairs.  The other thing I did was make a significant principal payment on the rental property mortgage.

The rental property has a 5.125% mortgage.  I had money sitting in a bank account basically earning nothing.  In June I paid $35,575 towards reducing the balance.  This cuts $150/month in interest.  I will pay off the entire mortgage as fast as possible, which means $449 in monthly mortgage payments will go away soon!

Large Expenses

  • I paid $1,358 for the yearly insurance on the Airbnb house.
  • I spent $2,308 on our rental properties.  We worked on the vacant Birmingham property last month.
  • $532 was spent on the Sonata.  This includes two new tires (an almost new tire had to be replaced due to damage from a nail) and an emergency repair that required a tow to the shop.
  • We replaced the carpet in our home's living room with vinyl tile.  Eventually I will probably extend the tile to the master bedroom.

Everything Else

Our food costs are always high.  In June we traveled to Birmingham and Las Vegas, which contributed to higher restaurant spending.  Fortunately the Vegas trip was super-frugal.  The hotel rooms were free, I had credits on Southwest for the flight, and I hit a Royal Flush on video poker, which paid for the trip.  I also spent $154 for a Groupon to tint the windows on the new car.

June Business Spending:  $3,970
June Personal Spending:  $5,959
June Car Purchase:  $14,390

June Expenses:  $24,319

$14,390 New Car
$1,151 Auto (service, gas, insurance, AAA, etc.)
$0 Bank Fees
$0 Clothing/ Personal Care
($10) Fun (vacations movies, gambling, alcohol, concert tickets) income this month
$856 Food
$406 Health and Dental
$2,605 Household/Mortgage Payment/Home Repair
$0 Interest Expense
$0 Miscellaneous
$640 Taxes includes quarterly tax payments
$0 App Jobs Expenses (tolls, car washes, etc.)
$0 Unreimbursed Job Expenses
$0 Reimbursed Job Expenses
$309 Utilities
$2,308 Rental Property Expenses
$1,662 AirBNB Expenses

Sunday, June 28

Sleepy Summer Sunday

It's summer here in Tampa Bay and the heat is on.  Lately the middle part of the day has been too hot and humid - temperatures in the mid-90s - to be outside.  There's so much uncertainty these days that I've been spending the indoors time thinking about our future.


I want to keep reducing debt.  The focus this year has been on the last rental property mortgage.  Earlier this month I withdrew $10,000 from a savings account to make a large payment on the mortgage.  The balance is now under $40,000.  When I took out the mortgage in 2009, a 5% rate wasn't so bad.  Rates are around 3% today.  What makes it even worse is that savings rates are almost zero.

I've kept higher cash balances because of all the uncertainty, but I'm seriously thinking about paying off the mortgage soon.  It's a little scary since the meeting industry remains shut down, but then again, our income has remained high.  The Airbnb is doing as well if not better than this time last year.   I needed the security blanket that was a hefty cash balance, but am feeling better about things.  Paying off the mortgage would feel amazing!


Earlier this month we went on a quick 4 night getaway to Las Vegas.  It was so much fun.  Having been stuck at home for so long, we needed to go somewhere.  We visited Mt. Charleston for the first time and went on a 3 hour hike.  It was a great escape from the heat.  

My Second-Ever Royal Flush
Of course we did a fair amount of gambling.  I hit my second-ever Royal Flush!  The $1.25 bet turned into $1,000, which virtually paid for the trip.  

Las Vegas post-COVID-19 is a different place.  With little to do besides gamble, I think the casinos are returning to a more value-focused proposition:  parking is free once again basically everywhere.  Hotel rates were low (our 4 nights were free thanks to my Boyd B-Connected membership).  When I was booking I almost booked a room at the Bellagio.  Rates were $54/night, but with a $45 resort fee I was turned off and stuck to totally free.

New Car

Last week I bought a gently used Hyundai Elantra from Hertz.  If you haven't heard, Hertz went bankrupt recently.  Now is a great time to buy a used car!  The timing couldn't have been better:  I had planned to sell the Sonata at Carmax (Hertz only offered $1,000 for the trade).  The next day, the check engine light came on and it started driving poorly.  I thought I had it fixed, but yesterday it stopped running and I had to be towed.  In retrospect it would have been better to just sell it to Hertz!

Friday, June 5

My Frugal Miser - May Income: $10,426

Even though the meeting industry is shut down, I managed to keep our income up.  Unfortunately my income was slightly less than my expenses in May.

The Airbnb turned in a decent report considering the shutdown.  It sat empty 9 days, and rates were lower on the days I did rent it.  There is some good news:  towards the end of the month, as the quarantine ended, I saw new bookings at close to normal nightly rates.  We even received a 12 night booking in June at rates higher than last year.

Meeting work was zero.  It will probably be this way for the foreseeable future.  Summer is the slow season for corporate meetings, but that doesn't matter right now because gatherings of large groups are still forbidden.

Once again I did deliveries, mostly for Doordash and Uber Eats.  This is a real grind.  It doesn't sound so bad, but it's very long hours for relatively low pay.  Strip out the mileage deduction and very little is left.  Unfortunately Amazon has been reducing the number of routes available to Flex drivers as they shift more volume to the branded blue vans.  It looks like most of my Amazon income is slipping away.

Rental income includes the two houses in Birmingham and the March rent from the condo.  One of the two houses was only rented half the month and is now empty.

I received a $300 bonus for opening a bank account.

May Income: $10,426

$0 Mystery Shopping/ Merchandising
$0 Meeting Jobs
$3,876 Gig Apps (Rideshare, Scooter Charging, Food Deliveries, etc.)
$960 Amazon Deliveries
$2,315 Rental Income
$2,130 Airbnb Income
$33 Interest Income
$1.112 Other Sources

Investment Accounts Change in Value:  $1,740

My investment accounts increased slightly but are still down YTD.

Wednesday, June 3

My Frugal Miser - May Expenses: $11,427

May was another expensive month.  Fortunately the biggest expense by far - paying my 2019 federal taxes - is a one-time cost that shouldn't recur next year.

Large Expenses

  • I paid $309 for the yearly insurance on the Birmingham condo.
  • It cost $133 to take the cat back to the vet when she wasn't feeling good.
  • I booked an October cruise for $473.  Cruise lines are desperate, and this cruise includes free drinks and a $500 onboard credit.  This will be our first Baja Mexico cruise.
  • One of the Birmingham rental properties needed an emergency repair.  It also became vacant (not related to the repair) which means there will be more spending in June to prepare for the next tenant.
  • $820 was spent on the Sonata.  This includes an oil change, new filters, 6 months liability insurance, and gas.  
  • The largest expense was for a payment towards 2019 federal taxes.  I sold 5 properties in early 2019, and had to pay taxes on the capital gains.

Everything Else

Our food costs continue to be high and is perplexing.  Almost all our food comes from Walmart or Aldi.  The most expensive restaurant meal was only $25.  I could definitely cut back on fast food, but it's not a daily occurrence.  I need to work harder at reducing this.

I already know June will be a tough month.  Our largest rental property has to be prepared for tenants and that is always a costly turnover.  The Sonata has 224,000 miles and will need to be replaced soon.  And I need to do some repairs and improvements to our house also.  I would like to move back to Pinellas County which will reduce monthly housing costs, but the current house will need to be in pristine condition in order to sell it.

May Business Spending:  $2,441
May Personal Spending:  $8,986

May Expenses:  $11,427

$820 Auto (service, gas, insurance, AAA, etc.)
$0 Bank Fees
$0 Clothing/ Personal Care
$836 Fun (vacations movies, gambling, alcohol, concert tickets)
$707 Food
$406 Health and Dental
$1,624 Household/Mortgage Payment/Home Repair
$0 Interest Expense
$174 Miscellaneous
$4,305 Taxes includes quarterly tax payments
$25 App Jobs Expenses (tolls, car washes, etc.)
$0 Unreimbursed Job Expenses
$0 Reimbursed Job Expenses
$114 Utilities
$1,560 Rental Property Expenses
$856 AirBNB Expenses

Saturday, May 23

Normalcy is Returning. I See Opportunities...

Every few years the world experiences an unusual event causing society to believe things have permanently changed.  Each of us forms our own unique perspective about these things that shapes our lives.

During my adult life these are the events I remember:

The Internet

My freshman year of college I took a creative writing class.  It was in this class that I first experienced the Internet.  There wasn't much to do online just yet, but I didn't know that then.  Dial-up Internet was all we had, and we didn't know how slow it really was.  AOL chat rooms.  The familiar "You've Got Mail" after connecting to the service.  Being able to read the news online.  Who can argue that this technology that has only been commercially viable for 25 years would change our lives in so many ways?  Today, we watch TV over the Internet, manage our finances online, and shop for groceries, all from the comfort of home.

The Dot-com Bubble

This was the first time I lost money in the stock market.  Like many other investors, I got caught up in rising prices.  I remember a story on the news about Cisco Systems becoming the most valuable company in the world.  $500 Billion market value.  I wanted in and pretty much bought at the very top.  I also bought stock in a defunct operating system and who knows what else.  From the crash I learned invaluable lessons.  I learned that you should never overpay for something.  Patient investors, and even consumers for that matter, will be rewarded... eventually.  I discovered Warren Buffett during this time.  In the grand scheme of things, the money I lost in 2000 was a cheap education that has served me well.  


A terrorist attack on our soil, killing thousands while exposing weak links in our security.  Air travel was grounded.  Stock markets closed.  We were at war.  How did this affect me?  In truth, it barely did.  You see, everyone has a unique perspective in life, and the things going on in mine ensured that 9/11 was barely more than an interesting story on the nightly news.  Not meaning to be insensitive, just pointing out how different people perceive events in their own way.  Within a few weeks of 9/11, and totally unrelated to this tragedy, my life was basically starting over.  I had gone through a traumatic experience and had a renewed hope for what was possible.  Within a year of 9/11 my home situation changed, I had a new job, I was back in school with a new major, I lost my father.  

The Housing Foreclosure Crisis and Recession 

I lost my job during this period.  That's the first thing that comes to mind.  It was somewhat related to and caused by the crisis.  This was also the peak of when I was purchasing foreclosed homes and turning them into rental properties.  I started blogging about my frugal life.  We opened a restaurant.


Relatively speaking, this one has affected basically everyone.  It's the first time in modern history a health scare has shut down the economy, quarantined nearly the entire world, and brought about Depression-era unemployment in a matter of weeks.

How I'm Taking Advantage of the Pandemic

We as a society are resilient.  We bounce back, even if things aren't exactly the same.  After 9/11, the way we fly changed.  But with TSA Precheck and a good knowledge of the rules, it's barely an inconvenience.  After the 2008 crisis, housing recovered. 

There are opportunities for those of us who can see beyond today. 

  • In the stock market, certain sectors have been negatively affected.  I invested a significant sum of money into Vereit.  It's a stock I've owned for years, and it has been cut in half in the last few months.  The company owns single tenant properties, mostly retail.  Think Walgreens, Dollar General, and casual dining restaurants.  They don't own malls or shopping centers, which I think are going to struggle.  Sure, things are going to be rough this year.  But my money is on a recovery.  
  • I am reevaluating my career.  I've been working in the meeting industry since 2012.  There are some things I like about it, but I've never been passionate about the work.  Since this industry will struggle for the foreseeable future, now's the chance to consider something else.
  • I'm looking for opportunities to save money.  The rental car industry is struggling - Hertz just filed for bankruptcy.  I think used cars will be cheaper and plan to buy one soon.  If the housing market also goes down (I don't know that it will), I'd like us to move back closer to the Airbnb.  I just booked a short getaway to Las Vegas.  I'll blog later about how we're saving money.  I'm also looking at cruises.  Now's the time to book a cheap cruise!
I'm choosing to see the opportunities in our current environment, not just the problems.  How can you take advantage of the situation?

Wednesday, May 6

My Frugal Miser - April Expenses: $9,267

April showed some promise as far as reducing expenses, but some hefty unexpected repairs ran up my expenses.

Not So Good

My Birmingham rental properties all cost me money for repairs.  The A/C went out and had to replaced at one.  There was a plumbing leak at a second house and the third property's A/C went out and required a new condensation pump.

Our washing machine had been making funny noises for about a month, and the agitator stopped working.  Even though it was less than 2 years old (builder included it with the home purchase), I've learned over the years it's usually impractical to have a home appliance repaired.  Better to invest that money into a brand new appliance.  Unfortunately, Home Depot was on back order for over half their inventory, so I ended up paying more than I had intended.  We do a lot of the Airbnb laundry at our house, so it was important to pick a decent washer.

My cats got into a fight after they saw a stray in the backyard.  The vet calls this redirected aggression.  One of the cat's claws went into the other cat's eye.  That wasn't cheap.  The good news is she fully recovered.

Food was expensive.  We had a few restaurant meals:  Texas Roadhouse is doing a $6 lunch right now, plus we ordered delivery a few times.  But most of the spending was on groceries.  Early in the month I did some stocking up, so the pantry has more than it usually does.  I'm optimistic that this will offset my spending on food in May.


After paying the $450 annual fee for my Marriott Bonvoy American Express, I decided it didn't make sense to pay this fee since I can't take advantage of the card's benefits.  I cancelled and was issued a refund.

The "fun" category was nearly zero.  It's difficult to spend money during a quarantine.  I bought a little alcohol, that's it.  I'm seriously considering booking a cruise or two though as prices are really cheap for some odd reason.

The phone bill went down after switching from Google Fi.

I also cancelled the commercial liability policy I have for my meeting work and received a $300 refund on that.

April Business Spending:  $4,926
April Personal Spending:  $4,341

April Expenses:  $9,267

$304 Auto (service, gas, insurance, AAA, etc.)
($450) Bank Fees income this month
$0 Clothing/ Personal Care
$10 Fun (vacations movies, gambling, alcohol, concert tickets)
$690 Food
$406 Health and Dental
$2,943 Household/Mortgage Payment/Home Repair
$0 Interest Expense
$253 Miscellaneous
$0 Taxes includes quarterly tax payments
$11 App Jobs Expenses (tolls, car washes, etc.)
$0 Unreimbursed Job Expenses
$0 Reimbursed Job Expenses
$184 Utilities
$4,650 Rental Property Expenses
$265 AirBNB Expenses

Monday, May 4

My Frugal Miser - April Income: $13,371

I was certain my income would drop in April.  It was a grind, but I was able to avoid that outcome. 

The Airbnb was occupied nearly the entire month.  We had a group of workers stay 13 nights.  The rate was half what I normally charge.  I also received a bit of income from cancellations that Airbnb paid out at 25% as a goodwill gesture.

Meeting work was zero.  I shifted to deliveries and hit the pedal hard.  I worked about 90 hours a week.  Even during a global pandemic, deliveries just don't pay much.  Still, $3,500 is nothing to sneeze at.  I also earned $1,200 delivering for Amazon.  Again, that's been tough, too.  Amazon has done away with daytime deliveries for Flex drivers, and has been limiting one day deliveries.

Rental income includes the two houses in Birmingham and the March rent from the condo.  The tenant is over a month behind now.

I received a $250 bonus for opening a new bank account, $1,200 from the stimulus program, and a $1,000 SBA grant.

We both applied for unemployment in March.  So far we have received nothing and were deemed ineligible. 

April Income: $13,371

$96 Mystery Shopping/ Merchandising
$0 Meeting Jobs
$3,541 Gig Apps (Rideshare, Scooter Charging, Food Deliveries, etc.)
$1,206 Amazon Deliveries
$3,065 Rental Income
$2,874 Airbnb Income
$33 Interest Income
$2,555 Other Sources

Investment Accounts Change in Value:  $37,906

My investment accounts recovered some of their losses in April.  I am way down from where I was in February.  It will take some time to recover from this as I have large positions in cruise lines and retail.

Sunday, April 12

Cutting Costs 'Cause of COVID-19

While some of us practice frugality all the time, others may just be learning the ropes.  Never in our lives has practically the entire economy shut down.  There's no better time than today to make some small changes to reduce your ongoing expenses.

Here's what we did in March and early April:

Cancelling Accounts:  $751 refunded

  • Since my industry is shut down, there's no need for me to carry commercial liability insurance.  I called Hiscox and am receiving a $301 refund.
  • Last month I paid the $450 annual fee for my Marriott Bonvoy card.  Why do I need a hotel credit card if I can't travel?  I cancelled that and will be refunded $450.

Consumable Items

  • We're going to start using our supply of paper and plastic bags from retailers.  We spend $.14 per kitchen garbage bag, which gets emptied 2-3 times per week.  
  • We are saving on laundry detergent, water and electricity by doing less laundry.  There's no reason to wash pants every time you wear them, especially if you are quarantined at home.  They aren't dirty.
  • We are removing things instead of replacing them.  It feels normal to simply replace something when it breaks or wears out.  At the Airbnb, if a rug becomes permanently stained, I won't immediately replace it (we will wait for clearance sales for a deal).  If a piece of furniture breaks, we'll decide if it is even necessary.  At our home, I'm similarly not replacing clothes that are ripped or stained.  I've got plenty of clothes, and there will probably be some incredible clearance sales in the next year due to the slowing economy.

Phone Plan:  Saving $120/month

We switched from Google Fi to Sprint's Unlimited Kickstart plan.  Each line is $35/month for unlimited everything, plus they are offering a $300 prepaid gift card.  Basically you can get free phone service for 8 months.  In March I paid off the balance owed for our Pixel 3 phones and sold one of them on ebay.  The other phone has a cracked screen, with virtually no resale value.

In the months of March and April, I've trimmed $1,000 from the budget.  This was painless, no sacrifices at all.  It may become necessary to do more hardcore cost-cutting, depending on how deep this recession becomes.  What are you doing to control costs during COVID-19?

Wednesday, April 8

Economic Quarantine, a Diary: Day 21 (Saturday, April 4th)

Day 21 (Saturday, April 4th)

Today I worked a little over 12 hours.  The morning started out slow, mostly Walmart deliveries.  Fortunately some of the tips were generous.  Lunch picked up a bit and then a friend let me know Amazon had a few routes on the board.  I took a 3.5 hour route.  It was in Lutz, north of Tampa.  Traffic was so light and the neighborhoods I delivered to were mostly ghost towns.  I had 37 stops, spread out a bit but not too bad, and I finished in just over 2 hours.  The nice thing about Amazon is you are paid the entire route time, even if you finish early.

After the Amazon route I drove back to my home area.  It was time for the dinner rush so I continued doing Doordash.  In all, it was a decent day.  I earned $268.  With Walmart deliveries it's possible to receive tips several days later so I am optimistic my earnings for the day will increase.

On the way home I used a gift card to order Outback to go.  We have an Outback/Carrabba's Express near our house, which was designed just for takeout and delivery (brilliantly relevant today, don't you think!?!).  I had the Alice Springs Chicken and my partner had the Sirloin.

At home we watched American Dad for about an hour before I went to bed.  Tomorrow I will probably do more Doordash deliveries.

Tuesday, April 7

Economic Quarantine, a Diary: Day 20 (Friday, April 3rd)

Day 20 (Friday, April 3rd)

I slept in today - all the way until 6am!  I've never been one to sleep late.   Guess the optimist in me is up and ready to take on a new day.  I've always been an early riser.  I fed the cats, brewed a pot of coffee, then read yesterday's Wall Street Journal.  

One investment I would avoid is in delivery companies.  I'm learning quickly that there's no money in it.  Today I was scheduled to do Doordash throughout the day.  Even during this pandemic, the worst crisis of our generation, when EVERYONE is ordering delivery, the pay after deducting for vehicle expenses is less than minimum wage.  Customers just don't care that I am risking my life to bring them food.  One McDonald's order did not tip me at all; another gave me a $2 tip.  A Panda Express lunch order tipped me $3 - I drove 8 miles to deliver the order.  Doordash only pays $2-$4 per order, and I may receive two orders per hour.  It's insane.  Imagine during normal times how little the pay would be.

Evening food deliveries are more lucrative, but you couldn't live decently from working two nights a week.

Monday, April 6

My Frugal Miser - March Expenses: $8,478

March, 2020 was the first month most U.S. households experienced the effects of COVID-19, the coronavirus.  We certainly did.

Not So Good

The alternator died on my car.  Replacing it cost $1005.  I'm at the tipping point where it makes sense to replace the car as the repair bills are starting to cost more than I can justify.

The cost of food was high after a couple months of more reasonable spending.  With meeting work cancelled, there were no more free meals.  Plus there was some stocking up on non-perishable canned goods.

The "fun" category was high.  Right before everything started shutting down we took a last minute cruise.  I lost a few hundred dollars in the casino.  Also in the category, we spent $166 on a fun night out with a work friend.  I paid for all three of us.  We also spent $48/month for unlimited movies at AMC.  None of these expenses will be repeated in April unless I book another cruise, which I'm considering.

I paid the annual fee on my Marriott Bonvoy American Express.  The benefits, once I'm able to travel again, pretty much cancel out the cost of the card, but it's still expensive at $450/year.


We switched phone plans.  Sprint began offering a plan called "Unlimited Kickstart."  For $35/mo per line, we have unlimited talk, text and data.  We also will receive a $300 prepaid gift card each, which essentially means 8 months of free service.  This is simply the best deal I've seen for heavy-data phone plans.  I did have to get a new phone, but it was only $50.  Utilities are high because I also paid off our Pixel 3 phones when I switched.

Our April expenses will see a noticeable drop, but my income is most likely going to fall even harder.  I'm looking for ways to reduce recurring expenses, but there's very little we can cut.

March Business Spending:  $1,280
March Personal Spending:  $7,198

March Expenses:  $8,478

$1,260 Auto (service, gas, insurance, AAA, etc.)
$450 Bank Fees
$31 Clothing/ Personal Care
$1,347 Fun (vacations movies, gambling, alcohol, concert tickets)
$618 Food
$406 Health and Dental
$1,735 Household/Mortgage Payment/Home Repair
$0 Interest Expense
$0 Miscellaneous
$420 Taxes includes quarterly tax payments
$5 App Jobs Expenses (tolls, car washes, etc.)
$0 Unreimbursed Job Expenses
($504) Reimbursed Job Expenses
$924 Utilities
$1,151 Rental Property Expenses
$633 AirBNB Expenses

Sunday, April 5

Economic Quarantine, a Diary: Day 19 (Thursday, April 2nd)

Day 19 (Thursday, April 2nd)

Another day, another stay at home order.  I don't know about you guys, but this is getting old.  The staying at home is mundane, but with it I get this gloomy feeling that the economy is going to take a very long time to recover.

Today, upon reflection, was productive.  A few years ago I found a box of cabinet handles on clearance at Lowe's.  They were a special order that the customer didn't pick up.  I'd used most of them at the Airbnb, but there was a box just sitting in the garage collecting dust.  Since DR Horton didn't include cabinet hardware in my kitchen, I decided it was time to use those handles.  I installed everything I had, but we were short a few.  I found a match online.  Then, to get free shipping, I added extra handles to my order and will use those in the bathroom.

While I was installing the handles I had Doordash turned on.  I only received two Walmart orders over the hours I was available.  I also found a 5:15pm route for Amazon.  I spent over an hour in line at the warehouse.  They've added virus procedures including limiting the number of drivers inside the warehouse, which really slowed the process down.

On the way home from my route, I called a friend back in Birmingham who was going through some family issues.  It was nice talking to him even though things weren't going well for him.  His wife told him to leave and I think he might end up sleeping outside tonight.

Saturday, April 4

My Frugal Miser - March Income: $10,004

March will be the last 5-figure month for income for the foreseeable future.

The Airbnb was occupied nearly the entire month.  We had a 28 booking which paid out in February, so the income isn't reflective of that.  This income will be dramatically lower in April.

I was in the middle of a meeting in early March when it was cancelled.  Fortunately I was paid for the entire meeting as well as another meeting I was scheduled to work.  Meeting income will be zero in April as our industry is completely shuttered.

Rental income includes the two houses in Birmingham but not the condo, as the tenant in the condo did not pay his March rent.

I received a $500 bonus for a credit card I opened, which is reported in Other Sources.

As everything else shut down, I focused on delivering for Amazon and Doordash.  It's a fraction of what I earn elsewhere, but at least it's something.  Contrary to the news, delivering for Amazon is worse now than it's been in the four years I've been a driver.  The company overhired drivers and eliminated daytime routes for "Flex" drivers in favor of the third party companies that drive the blue vans.  Doordash is meager, less than minimum wage, except on weekend nights.  During weekdays, most of the deliveries are for Walmart groceries, and not everyone tips.  It's a shame that drivers are risking their lives, yet some customers are too stingy to tip the driver for the service.

We applied for unemployment on March 28th.  I will include that income in future months assuming it gets approved.

March Income: $10,004

$81 Mystery Shopping
$3,810 Meeting Jobs
$275 Gig Apps (Rideshare, Scooter Charging, etc.)
$1,605 Amazon Deliveries
$2,365 Rental Income
$1,321 Airbnb Income
$24 Interest Income
$555 Other Sources

Investment Accounts Change in Value:  ($95,278)

My investment accounts were slaughtered in March.  I am optimistic about my two largest positions:  Vereit and bonds I own with Southwestern Energy.  Both were way down last month.  My other large positions are in Carnival Cruise Lines, Tailored Brands (owner of Men's Wearhouse), and AMC Theaters.  Those three companies are shuttered and the outlook is bleak.  I know the economy will take a long time to recover but I am optimistic and currently plan to hold onto most of my stocks.

Friday, April 3

Economic Quarantine, a Diary: Day 18 (Wednesday, April 1st)

Day 18 (Wednesday, April 1st)

One of my friends texted me at 1am, waking me up.  It took a couple hours to get back to sleep, but I managed to sleep late and woke up after 7am with my cat walking on me.  We had an Airbnb guest check out early.  He was in town for work but the virus prevented him from working so he left two days early.

We left for the Airbnb around 9am.  I stopped by Lowe's on the way to pick up a couple things that the weekend guest destroyed during their unauthorized house party.  Lowe's was nearly empty.  Fortunately the house wasn't in bad shape and we finished within a couple of hours.

On the way home we stopped by Aldi's.  We are eating at the house much more frequently.  It's saving us money versus eating out but it seems like we need to go to the grocery store all the time as a result.  We had a late lunch of homemade burritos.  We used ground chicken so hopefully they were healthy.

Afterwards I worked a 3 hour route for Amazon, and on the way home I did a couple of Doordash deliveries.

Thursday, April 2

Economic Quarantine, a Diary: Day 17 (Tuesday, March 31st)

I slept really well last night and didn't wake up until 6am this morning... success!  When I did, I brewed a pot of coffee and opened up the Wall Street Journal.  No car in the garage means there's no reason to look for an Amazon route or schedule Doordash.

Around lunchtime our Airbnb guest asked if he could cancel the rest of his stay.  He said he wasn't going to be able to continue working due to the virus.  That sucks, but I'm grateful for the two nights we will be paid.  Guess we'll be going to clean tomorrow.

Right before 6pm the mechanic called to let me know the car was ready.  They offered to drop off the car at my house, and a few minute later I was back in business.  I quickly found an evening Amazon block ($36 to make one delivery) and also did two Doordash deliveries.  In total I earned $54 for about an hour or work.

Also today I looked into other assistance programs such as an SBA loan.  While cash isn't tight yet, I want to be prepared.  It's possible the economy doesn't quickly bounce back after the virus is contained, and I want to be ready.  My personal opinion is that we have a long journey ahead of us.  Things are going to be tight for the foreseeable future.

Wednesday, April 1

Economic Quarantine, a Diary: Day 16 (Monday, March 30th)

On Sunday I had a lightbulb moment.  Walmart offers free pickup.  Let a Walmart employee do my shopping for free.  They even bring the order to your car.  Sounds like the smart thing to do in this age of social distancing.  So bright and early yesterday I placed an order, but no order windows were available until today.  Still, this is much better than Amazon Fresh.  They haven't had a delivery window available for days.  I even managed to grab a pack of toilet paper, but that is being rationed and I had to go inside to purchase it.

There were several issues that popped up over the weekend and today.  Two of my Birmingham properties had issues.  I have to replace the HVAC system at one property.  The other one had a pipe inside the wall burst which leaked through the ceiling in the garage.  I got on the phone with the air conditioning guy, who I've worked with in the past, and was able to knock $1,200 off his quote.  Still going to be painful.  The burst pipe repair is likely going to cost around $1,000.

If that weren't enough, the battery light came on in my car this morning while I was doing Doordash.  I finished my delivery and went home to try to figure out what was wrong.  It's a newer battery so I didn't think that could be the problem.  I cleaned the corroded terminals, but that didn't make the light go off.  Doing some Internet research, it looked like it could be an alternator issue.  I took it to my mechanic, and I was right.  That's another almost $1,000 expense.

So, I'm at home, carless.  The alternator had to be ordered and won't come in until tomorrow.  I spent the day reading.  Sadly, the Tampa Bay Times is cutting back paper distribution to 2 days a week and will be available online the other days.  It's an excellent piece of journalism and I was sad to hear this.  The editor said they have lost over $1 million in ad revenues due to COVID-19. 

We also prepared dinner together.  Usually my partner does the cooking.  We made homemade meatball sliders.  They were AMAZING!  Afterwards, we signed up for a 7 day trial of Cinemax so I put on The Sitter.

Tuesday, March 31

Economic Quarantine, a Diary: Day 15 (Sunday, March 29th)

This Amazon driver can't get a single route!
I forgot to mention that we filed for unemployment yesterday.  It doesn't look like the meeting industry is going to crank back up anytime soon.  I had been holding off on filing for a couple weeks.  For one, I have mixed feelings when it comes to accepting help.  I don't like doing it.  But after yesterday's real estate issues I realized that our cash flow will be dramatically lower for the foreseeable future.

I thought I was diversified:

  • Income from work included meetings and events, rideshare driving and making deliveries.  Even Amazon deliveries have slowed down dramatically as they way overhired drivers here.  There's just not enough work to go around.  The entire meeting industry has ceased and I'm not comfortable giving strangers rides in my car at the moment (not to mention the significant drop in demand).
  • I own real estate including single-family long-term rentals, a short-term Airbnb, and am a minority partner in 5 apartment complexes.  I am also geographically diversified.  The Airbnb is obviously suffering - beaches are closed.  My long-term tenants are struggling to pay or planning to move out.  The apartment complexes are also struggling with cash flow issues.
  • My stock portfolio was heavy on dividend paying companies, cruise lines and retailers.  I expect dividends to be cut, and most of the stocks have plummeted in value.
So, even though our income is derived from multiple sources, it's taking approximately a 90% hit right now.  Thus, I don't feel I have a choice but to file for unemployment.

Monday, March 30

Economic Quarantine, a Diary: Day 15 (Saturday, March 28th)

Day 15 (Saturday, March 28th)

Can we delete this day and move ahead?  

Around 2am I received an inquiry for the Airbnb.  It was a short message asking me to call the potential guest, but Airbnb doesn't allow phone numbers to be transmitted so all I could do was respond to the guest.  Airbnb warned me the guest may be trying to book outside of the platform and reminded me that this was forbidden.  While I was awake I also noticed the thermostat at the Airbnb had gone offline.  No message from the current guest, so I didn't worry too much.

I went back to sleep until nearly 8am.  I never sleep this late, but it was nice to get a full 8 hours for a change.  Then I started looking at my emails.  I still own three rental properties in Alabama.  I had received maintenance alerts for two of them.  One reported that the A/C was not working.  The other reported a fairly significant leak with water damage.  I'm still waiting for the March rent on the third property, by the way.  As they say, when it rains, it pours.

We don't normally include holes in our doors.
And that's when the storm hit.  That "future guest" who had attempted to contact me overnight messaged me again.  Turns out she lives across the street from my Airbnb.  The police were called to the house twice overnight.  There was a party, fighting, the sound of breaking glass.  She'd tried to reach out at 2am not to book our home, but to let me know what was happening.  My heart sank.  I mean, it felt like the world was caving in all around me.

After confirming with the Pinellas County Sheriff's Office that they had indeed come to my house, I only had one choice:  remove the guest.  We don't allow drama.  No parties, no groups over 6 guests.  My partner and I left for the house.  I arranged with the sheriff's office to have a deputy accompany me when I removed the guests.  Three cars showed up at once.  My fears and anxieties were lifted, and a newfound confidence restored by the fact that three officers of the law were backing me up.  Fortunately the guest only protested slightly.  Within half an hour they were gone.

That's a rug.  No, smoking is not allowed.
The house did have some damage, but it could have been much worse:
  • Someone punched a hole in an interior door.
  • Area rug was ruined by smoking (marijuana, not tobacco).
  • Every sheet and pillowcase was stained.
  • Vomit on bathroom floor and behind toilet.
  • Electrical outlet covers broken.
  • The drain pipe for the air conditioner had been knocked loose.  It was 85 degrees in the house because it triggered the shut-off - this explains the thermostat going offline.
Fortunately, we were able to restore the house in a few hours.  All that's left to do is to replace the area rug and repair the door.

So, that was our Saturday.  How was yours!?!

Sunday, March 29

Economic Quarantine, a Diary: Day 14 (Friday, March 27th)

Day 14 (Friday, March 27th)

I woke up just after midnight and had trouble falling back to sleep.  I made the most of it, reading the Wall Street Journal and drinking water.  Finally around 2AM I went back to sleep and I slept until 6AM.  

Every once in a while I do some merchandising work.  Surprisingly, one of my clients had a liquor store project (surprising since most jobs are on hold right now).  I had 12 stores to go to, for $8 each.  Not much, but all I had to do was put stickers on a few bottles of gin.  It was super easy and only took a couple of hours.  

While I was visiting liquor stores my partner was painting doors at the Airbnb.  We're trying to spruce it up while the weather is still nice and while we have some downtime.  While I was out working, I received a 2 night booking for the weekend.  It's such a huge relief to still be getting reservations.  Yes, rates are much lower than normal.  But right now we need cash flow.  It just doesn't feel right having that house sit empty.

Saturday, March 28

Economic Quarantine, a Diary: Day 13 (Thursday, March 26th)

Day 13 (Thursday, March 26th)

I woke up at 5am sharp, which is reasonable these days but not enough sleep.  Instead of jumping out of bed I reached for the computer to see what happened overnight.  Pinellas County issued a stay at home order.  I live in Hillsborough County but our Airbnb is in Pinellas.  Not sure how this will affect bookings.  It's not like business is booming, but we have managed to receive a couple last minute bookings at lower than normal rates.

Companies are beginning to warn about their ability to survive this situation.  Cheesecake Factory said it won't be able to pay its April rent.  AMC Theaters furloughed its corporate staff, even the CEO.  On the one hand, this is really stressful to think we may lose some companies that I do business with.  However, it also makes me wonder why those companies weren't better prepared for hard times.  Sure, the situation is unlike any other.  No one plans for a 100% decline in sales.  But companies should have the means to continue operating at least for a while under dire circumstances.  I hope this virus changes the way companies handle their balance sheets.  Less debt, more liquidity.

This morning we had to clean the Airbnb.  The guests were  radio silent since making their last minute reservation and I was hoping they were gentle with our home.  Turns out they were very respectful, and it was super easy to clean.

Later I did a couple Doordash deliveries and an Amazon route.  

Friday, March 27

Economic Quarantine, a Diary: Day 12 (Wednesday, March 25th)

Day 12 (Wednesday, March 25th)

I woke up around 5:30 in the morning, which is fairly normal for me.  I had a stomach ache, which seems to happen whenever I eat right before I go to bed.  Nevertheless, I jumped out of bed.

After feeding the cats I started to read the newspaper.  My stomach and the lack of caffeine had me feeling sluggish, so I decided to go for a ride on my bike.  There's something about fresh air, especially early in the morning while the weather is still nice.  When I returned from the brief outing I was already feeling better.

Yesterday I made Spam Onion soup.  Yes, it makes me laugh, too.  We had some perishable items that needed to be used up.  The Spam Onion soup included rice, peas, green onions, cilantro, chicken broth, yellow onions and spam, along with some seasonings.  It turned out better than I thought, so I had some for breakfast along with a grilled cheese.

The big economic news of the day was that the Senate finally approved a stimulus plan.  Things looked fairly uncertain until late in the day.  The House is doing a voice vote on Thursday.  I learned a voice vote means they do not have to reconvene the House in Washington, D.C.  But if one House member objects, it would slow down the process.

I completed a 3 hour route for Amazon at the Brandon warehouse today.  I also did a handful of Doordash deliveries.  My income is way down, but it's better than nothing.

Thursday, March 26

Economic Quarantine, a Diary: Day 11 (Tuesday, March 24th)

Day 11 (Tuesday, March 24th)

Today we had some structure!  After lowering rates on the Airbnb we received a 2 day booking and the guests checked out this morning.  We left home around 10am and headed there.  The house was in pretty good condition but I did spend extra time disinfecting, wiping down doorknobs, etc.  While we were there, we got a last minute booking that wanted to check in right away.  I approved the request and let the guest know we would be finished cleaning around 1pm.

As we were driving home I started looking for an Amazon route.  I also noticed Doordash had immediate availability so I signed on.  Both efforts were rewarded:  I found a 3 hour route in Sarasota for 4:15pm and I was able to accept a Walmart delivery on Doordash.  The Sarasota route was pretty easy and I finished in an hour and a half.

Once I got home I showered then had a couple of beers while we watched Karate Kid.  I fell asleep during the movie.

Wednesday, March 25

Economic Quarantine, a Diary: Day 10 (Monday, March 23rd)

Day 10 (Monday, March 23rd)

I woke up around 5am for no particular reason.  Good thing I did because I was able to grab a rare Amazon Fresh route for 7am-9am.  I made 6 deliveries and it was easy.  I tried to get a second route but was unsuccessful.  I turned on Doordash instead and did a couple of Walmart deliveries.

While I was at Walmart I did some shopping.  The store was still out of a lot of things.  The toilet paper/paper towel aisle - yes, it is an entire two sided aisle at this store, was 100% sold out.  There were quite a few other shortages as well, especially canned goods.

This afternoon I got a 4 hour route in Sarasota.  It was a tough one all the way down in Venice.  I put a lot of miles on my car today.  

While driving home I spoke with a couple of my meeting industry friends.  We all agree our industry is on life support.  One company that provides me a significant amount of income laid off 95% of its staff today.  The CEO sent an email out detailing the problems and other cuts they were doing to try to survive.  He said things aren't looking good in the next few months.

Once I got home, I ate a light dinner, checked emails and then watched Schitts Creek.

Tuesday, March 24

Economic Quarantine, a Diary: Day 9 (Sunday, March 22nd)

Day 9 (Sunday, March 22nd)

A few days ago we got a 2 day Airbnb reservation.  I expected the guest to cancel after the beaches closed, but he did not.  So, we left early to go over there.  The house was already clean, but it is oak pollen season and, with very little to do otherwise, I figure the guests might want to lounge on the patio.  We wiped everything down and I dusted a bit in the house.

We came straight home and I started looking for an Amazon route.  I also looked for and quickly found a Doordash schedule.  It wasn't exactly busy:  in 4 hours I received 4 orders, all for Walmart deliveries.  The pay is low - $6-$7 per order - and I'm not sure how tipping works.  One customer gave me $5 cash but the other orders say a tip can be added later.  We'll see.  I ended up with a 3 hour route in Sarasota on Amazon.  That's it.

After getting home from my route, I looked at the news.  A mistake.  Senator Rand Paul has coronavirus.  I'm usually not a fan of big government but this time is an exception.  We can't have our senators coming down with the virus and delaying these important decisions.  Ugh...

Monday, March 23

Economic Quarantine, a Diary: Day 9 (Saturday, March 21st)

Day 9 (Saturday, March 21st)

We slept in the guest bedroom again.  Just trying to change things up.  I woke up with indigestion.  I added too much Sriracha sauce to my dinner!

I've started decluttering the house again.  This morning I started in the office.  I also read the Wall Street Journal.  I had a rare 11am Amazon route.  I completed it, went home, and started looking for a second route.  Success:  I got a 4:30pm route in Sarasota.  That was an easy one:  the warehouse overscheduled drivers, so I was only given one package to deliver.

After the Amazon route I decided to try Doordash.  I have had a driver account for a couple years but only delivered a few orders when I first got it.  It was very busy and in less than 4 hours I made $75.  When I got home, my partner talked me into making a Taco Bell run.  We ate that at home while watching Schitts Creek.  We fell asleep soon afterwards, once again in the guest bedroom.

Sunday, March 22

Economic Quarantine, a Diary: Day 8 (Friday, March 20th)

Day 8 (Friday, March 20th)

Last night we slept in the guest bedroom.  Lit some candles and watched an episode of Schitts Creek before I fell asleep.  That was the first time sleeping in that room.  Just trying to change things up a little, but the bed I normally sleep on is more comfortable.

When we woke up we walked around the neighborhood, another first.  I used to exercise regularly but got out of the habit.  Trying to start again.

Shortly after the walk we headed to Wal-Mart and Aldi to pick up some groceries.  I was surprised by the low inventory levels at Wal-Mart.  The media keeps reminding people there is plenty of food and not to panic.  Seems Wal-Mart shoppers aren't listening.

I was able to get a late afternoon route at Amazon, another $54 route which seems to be all I can get lately.  Before going, I caught up on the last few days of newspapers, read a magazine, and dejunked a basket in the kitchen that was full of miscellaneous crap.  I'm going to start culling more stuff while I have all this time.

I'm a little worried about our rental income.  I have two houses and a condo in Birmingham, plus the Airbnb here in Florida.  My retirement account owns a house in Florida plus we own the house we live in (well, the bank owns it if I stop paying the mortgage!).  The tenant in my condo has been there a long time and hasn't paid the March rent yet.  He said the IRS garnished his wages last check.  One of the two houses is going to be vacant next month because the tenants are buying a house.  Our income has been severely impacted by this virus.

Saturday, March 21

Economic Quarantine, a Diary: Day 7 (Thursday, March 19th)

Day 7 (Thursday, March 19th)

I slept surprisingly well last night.  In the last year or so I've been waking up in the middle of the night and unable to fall back to sleep.  That didn't happen last night.

I started the day by erasing my partner's old phone and listing it on ebay.  My phone has a big crack on the screen so I'm not sure it's worth selling... we shall see.  Then I had my monthly call with my health coach.   This is required for my insurance or I would probably cancel it, as I have to pay $80/month for being overweight and could easily use the money somewhere else.  I agreed to do more "mindful eating" in the next 30 days, which is a fancy way of saying I will eat more slowly to avoid overeating.

Today was the first day I woke up with no work planned.  It's been really hard to get Amazon routes lately.  Early in the afternoon I finally got a 3 hour route in Sarashitta.  I call Sarasota "Sarashitta" because the warehouse historically has had the worst routes of all the delivery stations in Tampa Bay.  But in times like these, I take what I can get.  When I finished the route I was 54 miles from home, which sucked.  The route itself was nice as I was on Longboat Key which is right on the Gulf of Mexico.  Delivered to some really fancy beach homes.

Before I left, I sold 1,000 shares of Vereit that I bought the day before, securing a 15% one-day gain.  In a normal world I should have kept these shares.  Eventually they will go back up.  But right now securing a nice profit while having a little cash sitting in my account just feels like the right thing to do.

Friday, March 20

Economic Quarantine, a Diary: Day 6

Day 6 (Wednesday, March 18th)

I had an Amazon (Whole Foods) route from 9-11.  It was eerily quiet in Whole Foods and many of the shelves were bare.  The hot bar, restaurant and all the self-service bins were closed.  It's all about minimizing contact I guess.  What really shocked me though was how empty the delivery shelves were.  I was only assigned 3 small deliveries.

After that route I was able to pick up a 3 hour afternoon route.  I'm frustrated with Amazon right now because yesterday they issued a press release saying they were hiring 100,000 new people for warehouse and delivery jobs due to overwhelming demand.  That's garbage.  It's so hard to get work right now at Amazon.  I would love to work a full day, but all I've been getting are scraps.  Now they want to hire more drivers?  Why?

Gas is getting less expensive.  Other than the new phone plans, that's the only thing I spent money on Wednesday.  Thornton's sent me an offer to save $.15/gallon, which brought it down to $1.84.  I filled up the tank for $25.  

Yesterday right before markets closed I placed a limit order for a REIT I've owned in the past.  It didn't reach my desired price before the close.  Right after the market closed, the company announced it was suspending its monthly dividend.  Fortunately I was able to cancel the order after hours because the stock went way down today.  I'm still keeping an eye on the stock - it's even cheaper now - but I'm using funds from the house I sold last week and my intentions are to replace the lost rent with dividends, so that doesn't work.

We went to Sprint to change phone plans.  They have a new plan called Unlimited Kickstart.  It's $35/month and you get a $300 prepaid card for signing up.  That will help us cut costs.  It was surprisingly busy at the Sprint store.  I found out most of the stores closed down and consolidated into stores that offered repair services, so everyone was going there.  I got lucky, kind of:  our current phones aren't compatible, so I selected a used LG phone.  The cashier rang me up and activated the phone, only to find the battery was defective.  She ended up giving me a brand new phone for the same $50 price.

My stock investments have lost over $100,000.  It's shocking.  I'm not selling.  I know it's going to take some time, but they will bounce back.  I've bought a lot at deeply discounted prices so I am depending on it.  Today I deployed most of the funds from the rental property I sold.  The majority of it went into Vereit.  It's insanely cheap and, if the dividend stays the same, I will earn as much from this stock as I was earning from rent on that house... with significantly less effort!  I'm not naive though and realize rent concessions for some of these shuttered retailers might hurt the company in the coming months.

Last thing, a bit of (hopefully) good news.  I got a 2 night booking for the Airbnb on Sunday.  The guest booked the non-refundable rate and is coming from Atlanta, which is in driving distance.  It's discounted fairly heavily, but still $200 that we weren't getting already.

Thursday, March 19

Economic Quarantine, a Diary: Day 5

Day 5 (Tuesday, March 17th)

I woke up at 1:45 in the morning.  I thought I had to pee, but I didn't fall back to sleep.  Eventually I jumped online and looked at the news.  Regal and AMC are closing down for several weeks.  Yesterday we saw The Hunt at our local AMC.  Never seen the theater so quiet:  there were only two others in our theater.  Glad we got to see one more before it shut down.

Money will be tight, but I'm better off than a lot of people.  The funds from the house I sold were wired to me yesterday.  I moved a lot of the money into a brokerage account - stocks are starting to get real cheap.  I opened a new account to get the bonus:  $1,000 after 90 days.  

Today we went back to the Airbnb.  We replaced the mattress in the master bedroom and the replacement is one of those fancy mattress-in-a-box ones that need time to expand.  So, we went over there to make the bed, break down some old fence posts, and make a few small repairs.  I needed to replace a couple of damaged tiles in the dining room and address some other minor things.  The Airbnb is looking better than ever.

We ran by Chicken Salad Chick on the way home.  We get a free pint of chicken salad each for the first 12 months it is open because we were one of the first 100 customers when it opened.  The restaurant was also having a buy one get one half price for the Chick Trio so we splurged on lunch - to go!

I had an Amazon route at 4:45.  Earlier in the day Amazon announced its warehouses were only accepting shipments of medicine and household staples.  Will they start having shortages, too?

Got home around 6:30.  Had a hot bath and some fettuccine alfredo, then watched Schitts Creek. 

Wednesday, March 18

Economic Quarantine, a Diary: Day 4

Day 4 (Monday, March 16th)

It's bad enough we have the Coronavirus scaring people to death.  This oil war between Russia and Saudi Arabia is simply gravy on top of the taters.  A lot of consumers are elated.  Here in Tampa, gas is under $2/gallon.  I like paying less for gas, and since the only work I am doing involves lots of driving, it's certainly saving me money.  Problem is, the oil industry in the U.S. can't produce cheap oil like Russia and the Middle East can.  If prices don't go up, a lot of companies are going to go bankrupt.

On Monday I woke up to news the Las Vegas strip is starting to close.  MGM is closing all its strip casinos.  Last night the Fed cut interest rates to zero.  Trump was happy.  The stock markets?  Not so much.  Watching CNBC, futures were down so much that trading was going to be halted at the opening of markets today.  What started with just my industry being affected is now spreading to many other industries.  Fortunately for others, most of those are W-2 positions which will qualify them for unemployment.  Most of my meeting work is 1099, so probably no relief in sight for the thousands of workers in the events industry.

It's weird that so many places are closed, but I'm sure it's helping people keep money in their pockets.  Wonder how this will affect the Orlando economy.  Is Disney going to keep paying its hourly employees?  What about all the hotels that depend on tourism?  How are all these companies going to stay solvent without revenues?  I don't think a couple weeks will spell disaster.  It will be super ugly, but not Armageddon.  Much longer than that and we could see Great Depression Volume 2.

Financial markets were in freefall again today.  The Dow closed with just shy of a 3,000 point loss, and the biggest percentage drop since Black Monday in 1987.  It's a crazy world!

Tuesday, March 17

Economic Quarantine, a Diary: Day 3

Day 3

On Sunday I woke up at 3am, sore from the work we did at the Airbnb the day before.  I never went back to sleep, so I jumped online to see what was going on in the world.  Nothing but a bunch of panic.

We needed to leave the house early to head back to the Airbnb.  On the way I noticed a couple cruise ships parked at the Port of Tampa.  I wonder if they're just going to sit there since all the cruise lines have shut down.  I posted a Facebook ad to have a mattress picked up and was meeting a guy at 8am.  He showed up a few minutes early.  Turns out he owns a tree service, so I asked him for a quote on trimming some stuff.  While we were chatting, he mentioned his Home Advisor leads over the weekend fell off a cliff.

We made good use of our morning.  We opened up the new mattress in a box.  It takes 24 hours to expand so we'll be going back on Monday.  I did more deep cleaning inside the house and we cleaned up the yard.  Ran to Lowe's for mulch and concrete leveler.  It wasn't busy, but that probably has more to do with it being early on a Sunday morning.

We worked at the house until noon then came home.  Traffic seemed normal, and Ikea's parking lot looked full.  It sure seems business as usual around here.  My partner prepared lunch:  a tasty treat of pasta with ground chicken.  I had a scheduled Amazon route for 5-8 but tried to get a second, earlier route without success.

I had my last international Airbnb booking for April cancel this morning.  I was expecting it and glad it happened, as it was only for two days and opening up those days will allow someone else to hopefully book a longer stay.  Then, while making Amazon deliveries Sunday evening I received a 7 day cancellation for this coming Saturday.  This is the second time this date was cancelled.  Thinking more positively, April is usually a good month.  As long as domestic travel isn't restricted I think we will be okay.

On Monday I will receive the funds from the house I sold.  I have to decide how to use them.  On Friday I upgraded my Chase account to "Sapphire Banking" because there is a $1,000 bonus if I keep my funds with them for 90 days.  I can keep the funds in a You Invest brokerage account with JP Morgan, which qualifies for the bonus.  On the one hand, stocks are looking more attractive these days.  But, what if the economy keeps getting worse?  So many businesses are shut down that this could snowball into something really ugly.  Still, I probably will put those dollars to work in the market.  I also am trying to pay off the last remaining mortgage on a rental property, so that could get some attention, too.

Monday, March 16

Economic Quarantine, a Diary: Day 2

Day 2

On Saturday we went to the Airbnb.  It's supposed to be occupied for another week.  Our guests, snowbirds, rented it for 28 days.  In a panic over the virus, our New York guests left for home last week.  They didn't ask for a refund, didn't cancel the remaining days, so we're getting paid for another week.  I was supposed to fly to Dallas today for a meeting I work every year, but it was cancelled.  Good news though:  the meeting planner promised to pay me, as the cancellation happened within the 100% pay window.  It's the last meeting for which I'll receive pay.

At the Airbnb, we spent three hours deep cleaning.  The guests had two dogs, and they shed a lot.  We also cut back some tropical plants that were taking over the backyard.  I have a new mattress to replace the one in the master bedroom.  Decided we'll bring it over tomorrow.  I have a Sonata and can take the new mattress, which is compressed and can squeeze into the trunk.  However, the old mattress, which I bought in 2006 (!), won't fit.  I looked at renting a pickup.  $65 for one day, plus gas.  Plus dumping fee.  Instead, I placed an ad on Facebook and quickly got four takers.  If all goes as planned, a complete stranger will meet us at the house to take away the old mattress for $35.

I also worked two Amazon Fresh routes.  Hoping for generous tips.  Amazon shut down new orders for a while.  We normally have 5-10 routes for Fresh.  Today there were 23.  People think the world is ending.

I read an article on 10x Travel.  A new series, Social Distancing Saturday.  The first article was about the most bingeworthy series on Netflix.  The top voted show was Schitts Creek, so when I got home from my route we watched the first three episodes.  Kind of enjoyed it.

Everything is closed, so binging Netflix looks like an appealing option.  By everything, I mean all the theme parks, international travel, schools, lots of employers.  It's funny though:  traffic in Tampa was heavy for a Saturday.  Everybody was out and about.  Weather was beautiful and I saw lots of boats being towed.  People are going to the beaches.  

Yesterday I had four Airbnb cancellations, two were International, two were panickers.  This morning I had three new reservations.  After the cancellations I lowered rates, and that seemed to do the trick.  We basically replaced the cancelled stays, though rates are lower.  Still, it's not such a bad thing.

Sunday, March 15

Economic Quarantine, a Diary: Day 1

COVID-19 has caused a panic across the world.  My own life has been turned upside down as the meeting and events industry has completely shut down.  Travel bans have caused our Airbnb to see mass cancellations.  Grocery store shelves are empty.  The world is coming to an end.  Okay, just threw that in there to see if anyone was reading...  Over the next couple of weeks I will keep a journal laying out what I am doing to cope with this unprecedented situation.

Day 1

On Friday we returned from a short last-minute cruise.  Before setting sail, I took advantage of what looked like some emerging bargains in the stock market, loading up on Carnival Cruise Lines stock, energy companies, and a retailer.  Last week while we sailed the Bahamas ($90 each for a balcony stateroom!), my brokerage accounts were obliterated.  At the lowest point I had lost over $100,000 on paper.  On Friday, my brother called.  This is rare.  We talk maybe once a year.  He's a pilot.  "Go stock up on groceries," he exclaimed.  Turns out he was furloughed.  His boss told him air travel was about to be shut down, which would lead to shortages of everything.  I figured this was an overreaction, but to be safe, we ran to Aldi's and stocked up on canned goods and other food.

Aldi's had signs limiting quantities on canned goods to four per buyer.  Shoppers were panicking, as evidenced by the run on toilet paper.  Best we get a few things, just in case the shelves stayed empty.  At this point I'm not worried about being stuck at home.  I'm more worried that the frenzied panic by other people would cause a shortage.

After Aldi, I worked a delivery block for Amazon.   Amazon Fresh, which is groceries.  I get tips for making deliveries, but won't know how much for 24 hours.

Oh, one little thing I almost forgot to mention:  the house in Birmingham I listed finally closed today.  I listed it for $149,900.  It sold for $148,000, $17,000 more than I paid for it in 2008.  Not much appreciation in that market, so I'll call this a success.

Friday, March 6

My Frugal Miser - February Expenses: $7,504

February was a solid month:  income easily exceeded expenses.  However, there's still plenty of room for cutting costs.

Not So Good

I spent $950 on bank fees.  This isn't something I will try to cut back.  My self-directed IRA charges $500 in custodial fees each year.  I also paid the $450 annual fee on my Chase Sapphire Reserve card.  It's totally worth it with the benefits I receive from the card.

I spent $461 on utilities, which includes $210 for our Google Fi phone plan.  I might start shopping for unlimited data plans since we've been maxing out our data charges lately.  A lot of the data is from using my phone during Amazon routes or meeting jobs. 

I spent $650 on car repairs.  I needed a new tire and new front brakes and rotors.  My car is paid for but has 210,000 miles on it.


Spending on food was down for the third month in a row.  Most of the meeting jobs provide meals.  In December I averaged $19/day for food.  In January this declined to $15/day (this is for two people).  I brought this down to $6/day last month.  I'm really happy with this! 

The "fun" budget was under $100.  We spend $48/month for unlimited movies at AMC.  Movies are our top entertainment choice so this is money well-spent.

February Business Spending:  $2,233
February Personal Spending:  $5,271

February Expenses:  $7,504

$829 Auto (service, gas, insurance, AAA, etc.)
$950 Bank Fees
$7 Clothing/ Personal Care
$95 Fun (vacations movies, gambling, alcohol, concert tickets)
$169 Food
$406 Health and Dental
$1,903 Household/Mortgage Payment/Home Repair
$0 Interest Expense
$0 Miscellaneous
$450 Taxes includes quarterly tax payments
$0 App Jobs Expenses (tolls, car washes, etc.)
$149 Unreimbursed Job Expenses
($15) Reimbursed Job Expenses
$461 Utilities
$1,098 Rental Property Expenses
$1,002 AirBNB Expenses

Wednesday, March 4

My Frugal Miser - February Income: $13,006

February was a solid month,  I worked meeting jobs 20 days last month.  When I wasn't doing that I was making deliveries for Amazon. 

The Airbnb was rented every day in February and the average nightly rate was $30 higher than last year.  There's still one empty rental property.  It's under contract to sell and should close by the end of March.

February Income: $13,006

$0 Mystery Shopping
$3,843 Meeting Jobs
$0 Gig Apps (Rideshare, Scooter Charging, etc.)
$751 Amazon Deliveries
$3,733 Rental Income
$4,614 Airbnb Income
$66 Interest Income
$0 Other Sources

Investment Accounts Change in Value:  ($25,701)

Markets were down significantly the last week of February.  I have a large position in Carnival Cruise Lines, and as it goes down, I buy more.  At least short-term, this has resulted in losses.

Tuesday, February 18

Ever Wonder Why Drug Prices are So High? Here's One Reason...

$1,176 for 2 nights!
Other than mentioning it in my monthly income reports, I rarely talk about the work I do in the meeting industry.  Sometimes I wonder why all this "meeting" is necessary.  Now, don't get me wrong:  I work hard (usually).  The hours are typically long and, being a male in a female-dominated industry, I am usually assigned to do manual labor.

While it's not restricted just to the pharmaceutical industry, the meetings I work are overwhelmingly for major pharma companies.  I'm not allowed to name names, but these are major companies you are very familiar with.

If it's any indicator of how business is done, there's a lot of overspending in the drug industry.  I believe this is one reason why drug prices are so high.

Here's An Example of the Excessive Spending

This week I am working as a Travel Director for a major pharmaceutical company for a 3 day meeting in Orlando.  The company has representatives attending a larger conference and, while there, has reserved a couple of meeting rooms to conduct business.  I am responsible for overseeing one of the two rooms, and a friend of mine is handling the other.

My Hotel Room:  $1,176.75
It's standard practice in this industry to provide lodging for Travel Directors, even if the meeting is taking place in my hometown.  I might be working from 5 in the morning until 10 at night.  There's no time to commute.  But I would be lying if I told you it was needed for this meeting.  Yes, I need a room, but there's no reason I couldn't commute 5-10 minutes from a less-expensive hotel.  I'm working from 8am-4:30pm each day, and there's no possibility of being needed after hours for anything.

My Conference Registration:  $1,555
This one seems completely unnecessary.  Yes, the company is holding meetings while a parallel convention is taking place.  But I won't be attending any of those meetings.  The company I am representing is renting two meeting rooms directly from the hotel, so I won't need a convention badge to be in those rooms.  Sure, it's nice to have a badge - that means I can eat at the meals the larger convention is providing.  But that's the only benefit.  Instead, I could easily eat from one of the resort's many restaurants and expense my meal.

Other Expenses
I am paid a day rate, plus reimbursed for my mileage.  The agency I work for is paid a fee.  The company is over-nighting me a sign for my meeting room (odd, since they knew they needed a sign at least a week before the meeting).  They are also shipping me a special tie to wear for branding purposes.

Now, multiply these costs by two since there are two of us attending.  But wait, there's more!  For my meeting room, the company will be having end of day gatherings to go over everything.  This is entirely internal - no clients to impress.  And since these meetings may go late into the night, a third Travel Director was hired to "relieve" me at 4:30 each day.  There's also an AV tech to manage the rented projector and screen as well as the cost of the room itself.

But Frugal Miser, there must be a lot of work getting done in your meeting room, right?  That's debatable.  I've been told to expect 3-4 meetings over the course of 3 days with no more than 10 people at any meeting (and most likely less than that!).  For this one event, the company is spending over $10,000 to host two small meeting rooms over a 3 day period.

Sunday, February 9

My Frugal Miser - January Expenses: $9,627

I started off 2020 spending about the same as I brought in.  This is about to change.  I'm going to push myself to earn more income this year.  Hopefully expenses will go down since I will be distracted by work.

One of the larger expenses in January was an expected business expense.  I paid the insurance on my three most expensive rental properties.  I normally pay these in February but I am working on earning a Southwest Airlines Companion Pass so I'm pulling forward any expenses I can pay early.  I also prepaid the annual termite bonds for two properties.

In December I averaged $19/day for food.  In January this declined to $15/day (this is for two people) Last January I spent $583 on food, so there was some progress here.  I know it's early, but I'm pleased to have lowered our spending on food last month.  We only implemented two small changes:
First, we bought some frozen entrees at the grocery store that make it easier to prepare a meal at home (versus making a meal totally from scratch).  This is still less expensive than eating out.  Second, we mindfully let the pantry and freezer dwindle down to use some food that we've been ignoring.  This will help us prevent waste.  We also were more careful to use up our leftovers.  There's still plenty I can do to keep our spending down, and I'm hoping we can make this a trend all year.

We spent a few nights in Las Vegas for my birthday.  Several months ago I purchased a 3 night hotel deal for $150 that required us to attend a timeshare presentation.  After not booking it, Hilton offered me an extra 50,000 Hilton Honors points if I would book in January.  In all, for $150 we got a 3 night hotel stay, a $200 rebate towards a future stay at any Hilton-branded property, and 65,000 Hilton Honors points.  It was an incredible deal.  This helped us keep to a very reasonable budget - flights, hotels, rental car, entertainment (a show, gambling, movies) and food averaged less than $200/day for the two of us.

January Business Spending:  $4,297
January Personal Spending:  $5,330

January Expenses:  $9,627

$402 Auto (service, gas, insurance, AAA, etc.)
$149 Bank Fees
$91 Clothing/ Personal Care
$1,312 Fun (vacations movies, gambling, alcohol, concert tickets)
$468 Food
$541 Health and Dental
$1,673 Household/Mortgage Payment/Home Repair
$0 Interest Expense
$0 Miscellaneous
$289 Taxes includes quarterly tax payments
$25 App Jobs Expenses (tolls, car washes, etc.)
$0 Unreimbursed Job Expenses
$15 Reimbursed Job Expenses
$404 Utilities
$3,192 Rental Property Expenses
$1,064 AirBNB Expenses

Thursday, February 6

My Frugal Miser - January Income: $9,580

January is the start of meeting season.  Last month I worked a 5 day show in Orlando, a 4 day job there, and two single day gigs.  These were all decent paying jobs.  I also drove for Uber and Lyft on New Year's Eve and one extra day the first week of January.

January is also the beginning of peak season for our Airbnb.  Last month we had guests 30 of the 31 days.  I intentionally blocked one night when we stayed overnight to work on building a fence and doing some maintenance on the home. 

Next, our long-term rentals.  We still have a vacant unit in Birmingham.  I decided to list that house for sale near the end of the month.  The real estate market is hot right now.  It's better to be selling in this market than buying.

With the extra meeting work along with the week we were away for my birthday, I did fewer delivery routes with Amazon.

January Income: $9,580

$0 Mystery Shopping
$1,995 Meeting Jobs
$732 Gig Apps (Rideshare, Scooter Charging, etc.)
$778 Amazon Deliveries
$3,018 Rental Income
$2,887 Airbnb Income
$69 Interest Income
$100 Other Sources

Investment Accounts Change in Value:  ($1,664)

In a rarity for 2019, my investments declined in value in December.  

Sunday, January 26

My Frugal Miser's Bank, Credit Card and Brokerage New Account Bonuses

Something I want to focus on this year is making money (or saving it!) by opening new bank accounts and credit cards.  This is as close to a free lunch as I can think of.  While this creates a little complexity in keeping up with promotions and managing new accounts, I think it is well worth it for all the free money and miles I am earning.

Cold Hard Cash

Last year I made $1,200 from 3 account transactions.  In a conversation with my broker, he offered me a $500 bonus if I transferred new money to my E*Trade account.  All I had to do was keep it there for 60 days.  Similarly, Discover Bank paid me $200 to open a savings account and I received $500 for opening and meeting the minimum spend requirement on the Wells Fargo Propel card.  I was also offered $500 from Wells Fargo for funding a new savings account.  I completed this task late last year and, after 90 days, I'll have the money in the bank.

I've already got some ideas for 2020.  I received two bank offers last week to open a new account.  Fifth Third Bank is offering $550 if I deposit $20,000 into a new checking account.  Suntrust will give me $300 if I meet their requirements.

Travel Perks

I love to travel; therefore I live to travel.  But it can't get expensive if you aren't careful.  Last year I opened a new Marriott Bonvoy card, receiving 100,000 Bonvoy points after I met the minimum spending requirement.

I'm cranking things up in 2020.  At the end of last year I opened two Southwest Airlines credit cards.  I met the minimum spend this month and am working on earning the last points needed for a companion pass which will be valid through the end of 2021.  I have a bit of spend left to get there, and in that time I'll be hunting for the next new card.

Finally, I plan to put more thought into the promotions offered by hotel loyalty programs.  For example, Choice Hotels has two valuable promotions each year.  After two stays, you earn 8,000 points, which is enough for a free night at some lower-end properties.  During the second promotion they discount $50 retailer gift cards to 8,000 points - a free $50 gift card after just two stays - WOW!  All the loyalty programs have promotions.  By being more thoughtful, I think there are times when it makes sense to book a hotel with a specific brand, even if the rate is higher, because the value of the promotion brings down the ultimate cost.

How are you hacking your finances?

Sunday, January 12

How Can I Cut My Spending in 2020?

In 2019 I spent over $146,000:  $84K on our various business ventures and $62K on what I consider personal spending.

AirBnB Expenses-$54,311
Rental Expense-$29,020
App Expenses-$86
Interest Expense-$199
Reimbursed Job Expense$811
Unreimbursed Job Expense-$2,144
Auto Expenses-$7,211
Bank Fees-$1,792
Clothes/Personal Care-$1,193
House Expense-$17,204
Health & Dental-$8,677

My goal (or more strongly, my mandate!) is to drastically reduce expenses in 2020.  Here's the plan:

Airbnb Expenses

Last year our single Airbnb took in just south of $30,000.  But I spent $54,000.  It's easy to conclude expenses will be much lower this year:  in 2019 I replaced the siding and windows.  And I didn't go cheap - I selected the nicest windows and siding I could find.  I'm learning firsthand a business principle I've struggled to adopt:  simply, you invest in your best opportunities, not the cigar butts.

Once we realized its potential, I knew how important it was to upgrade some things to keep guests coming back.  A side benefit:  it's still early, but it looks like the power bill will be lower this year thanks to the better insulating properties of the windows and siding.

With that project checked off, the biggest change in 2020 will be that our Airbnb expenses will be significantly less than the income.

Rental Expenses

Four of our five long-term rentals are in the Birmingham, AL area.  Last year I sold 5 townhouses there.  Naturally, spending will be lower (rental income will be as well!).  Lately I've been dissatisfied with the performance of my Birmingham properties.  One of the most frustrating things is an empty property.  It simply takes longer to rent a house in Birmingham versus Tampa Bay.  It's been 60 days already for the one vacant property I currently have, and there haven't been any qualified applications.  I'm thinking about selling it.  Bottom line, rental expenses will be lower in 2020.


This is the discretionary category.  Technically, I don't have to spend anything here, but it gives us balance:  I live (and love) to travel!  In 2019 I spent over $10,000 on vacations, gambling, alcohol and movies.  In 2020, I will significantly reduce spending on fun, but not because we're going to have less of it!

How?  I joined a Facebook group called 10x Travel last year.  The group is all about opening new credit cards for the bonus points being offered.  Currently I'm working on earning a Companion Pass on Southwest Airlines.  In the process of earning the pass (which gets my partner a free seat on any flight I am on), I will earn 125,000 miles.  So, our spending on flights this year will be drastically reduced.  I've also accumulated thousands (in some cases, hundreds of thousands) of hotel points which we can use for free rooms.  By redeeming free flights and hotel stays, I expect this to significantly lower our spending in the "fun" category.

Other Observations

There are other categories that need to go down, but I'm not sure how much I can reduce.  The most obvious is spending on food.  It's a simple equation:  eat out less, save money.  I'm working on this.  Then there's auto expenses.  My car has over 200,000 miles on it, so keeping it will mean ongoing repair expenses.  Probably time to start looking at a new car.  With health and dental, the only thing that might go down is what I spend on dental work.  If my teeth stay healthy this year, I can save a bit.  Finally, spending on housing.  That's a big one:  I spent over $17,000 last year to keep a roof over our heads.  I would really like to move back to the area where our Airbnb is located.  Not only will this save time (two hours of commuting each time we clean - we made over 80 trips last year!), it will also save some on gas for the car.  A final benefit would be buying a house we can rent out on Airbnb when we aren't going to be there.  My partner has been reluctant to do this, but I think if I pick out the right house with the right layout, it could be a minimal inconvenience.  House hacking could significantly cut down our home costs.

So there it is.  These are the areas I'd like to reduce spending on in 2020.  What are your goals?