Life's gotten too complicated, so I'm simplifying things in late 2025 and 2026!
The big reasons for this are:
My mom's dementia is making me realize I need to not over-complicate my own life.
I almost got the power cut off at a rental property because I missed the first bill—too much going on!
Too many accounts, subscriptions, and "irons in the fire" mean I'm missing important stuff.
What I've ditched so far:
Canceled a $4/month subscription for security camera features I never use (the cameras still work, though).
Got rid of the Southwest Airlines credit card. The annual fee is jumping from $149 to $229, and they're calling old benefits "new." No thanks!
What's next on the chopping block:
Credit Cards: I spend way too much time debating which card to use. I'm focusing on canceling the ones with annual fees first.
The AMEX Business Gold card is definitely going this time (I snagged a retention bonus earlier, but now I'm cutting ties for real).
I'm still playing the "points" game, but I'll only sign up for new cards for the bonus and then cancel them once they've served their purpose.
Real Estate Syndications in Personal Accounts: I got into these in 2019 to simplify things, and while they cut down on the hassle of owning rentals, the returns have been awful.
I have 12 personal investments and 4 in my self-directed IRA.
As the 12 personal ones mature, I'm moving the cash back to my brokerage account.
Syndications in the IRA still make sense for tax reasons, but I need to get better at picking good deals.
No comments:
Post a Comment