Paying Off a Condo in Six Years to Retire Early

Тәжірибелік нұсқаулар және стиль

Hello and welcome! In this video I'm sharing about my purchase of a condo in Florida and how I plan to pay it off in six years, allowing me to retire early. I'm going to share about my real estate regrets, be vulnerable about mistakes I've made, and hope to encourage you to find creative solutions if you are working toward financial independence.
👋 My name is Nicole and I created Travel to Money to help you learn about how to travel adventure and have fun on the road to financial independence. I have traveled the world, I own a couple of houses in Spain, and I’m on a creative journey to financial independence. I believe the road to financial freedom can and should be fun. I hope you’ll subscribe and join me on this journey, no matter where you are starting from.
🌐Learn more at: traveltomoney.com
Follow me on Instagram/Threads/TikTok/Twitter: @traveltomoney
Follow me on Facebook: Travel to Money
Book a coaching session: traveltomoney.com/coaching
Sign up for my free newsletter: traveltomoney.com/weekly
▶️ KZread Playlist Favorites:
Spain // • Spain Living
Travel // • Travel
Financial Independence // • Personal Finance
💵 Check out my INVESTMENT CALCULATOR and LOAN CALCULATOR
www.traveltomoney.com/investm...
www.traveltomoney.com/loan-ca...
📱 SITES I USE AND RECOMMEND
Housesitting - Stay for free all over the world: trustedhousesitters.pxf.io/c/...
Send money internationally: www.traveltomoney.com/wise/
Get a VPN: www.privateinternetaccess.com...
Car rental and flight deals: skyscanner.pxf.io/c/3502554/1...
📸 CAMERA GEAR
www.amazon.com/shop/traveltom...
🌎 TRAVEL GEAR
amzn.to/3S6PbOt
🏠 AIRBNB HOSTING MUST-HAVE ITEMS
www.amazon.com/shop/traveltom...
Music: Bensound.com/royalty-free-music
License code: DNPIOCV3Y5GTJ1WL
Disclaimer: I am not a financial advisor and all information in my videos is for entertainment purposes only. Before making any financial decisions, you should do your own research or consult a professional. Some links in this description may be affiliate links, which means I may receive a small commission if you use them. However, I only recommend products or services that I personally use and love. Thanks for helping to support this channel!

Пікірлер: 20

  • @olgayuryeva8048
    @olgayuryeva80483 ай бұрын

    Getting older is a journey as well! Much like your traveling. A journey to self. I am loving it!

  • @traveltomoney

    @traveltomoney

    3 ай бұрын

    So true! 🤗

  • @stevefujii9132
    @stevefujii91323 ай бұрын

    Hi Nicole, Interesting video as usual. Nice finance lesson in this one as well. Congrats on the purchase, seems like the right way to go with all your traveling.

  • @traveltomoney

    @traveltomoney

    3 ай бұрын

    Hi Steve! Thank you! 🙂

  • @olgayuryeva8048
    @olgayuryeva80483 ай бұрын

    Congratulations, Nicole!!! Return to the sunshine state, a place where you were born. Fl changed so much all for the better. I ll come visit you and will have coffee at shop of your choice. 😍

  • @traveltomoney

    @traveltomoney

    3 ай бұрын

    Thank you! I would love that!

  • @ksolobk
    @ksolobk3 ай бұрын

    Congratz on your new acquisition in Orlando!!

  • @traveltomoney

    @traveltomoney

    3 ай бұрын

    Thank you! 😊

  • @nxadragon
    @nxadragon3 ай бұрын

    Love the plan but be aware of the condo market collapse. Ther3 has been a huge uptick in supply bc ppl are selling due to the new insection ordinances and the reserves they are requiring from HOAs. This means huge assessments coming in the near future to everyone and so ppl are selling so fast. I can see it already in price drops

  • @traveltomoney

    @traveltomoney

    3 ай бұрын

    For sure! The condo I bought actually went through this recently. For years, the residents were only paying $120, and they didn't have enough in reserves for a roof replacement. HOAs were increased to around $350, which in Florida is still relatively low, but for those who had lived there a long time, it nearly tripled their HOA, causing some of them to move on. Fortunately, it's a pretty small community, and they don't have any other large line items coming up, so it will hopefully hold at that new number for a while. And I get to join with a new roof just put in place, so that's a positive in my case. 🙂 But it's definitely something that anyone considering a condo purchase should dive deep into before making a commitment.

  • @salmalagonrealtor5968
    @salmalagonrealtor59683 ай бұрын

    Love it! Thankful I was able to help you! ❤

  • @traveltomoney

    @traveltomoney

    3 ай бұрын

    You're the best! Thank you for everything! 🤗

  • @TarynBell
    @TarynBell3 ай бұрын

    I would literally never live in Florida but more power to you. You’re setting up a nice life

  • @traveltomoney

    @traveltomoney

    3 ай бұрын

    Thanks! Haha. Yeah, Florida definitely has its downsides, but I've been here on and off for 25 years, so it's become home for better or worse. 🙂

  • @billwheatley2901
    @billwheatley29013 ай бұрын

    Thanks for sharing, I can definitely relate, can be hard not to regret past real estate decisions. Good luck with the condo, sounds like a good deal.

  • @traveltomoney

    @traveltomoney

    3 ай бұрын

    Thank you! 🙂

  • @leonardm9448
    @leonardm94483 ай бұрын

    44? My eyes say you're not a day over 29 😉. Anonymous digital flirting aside your plan sounds solid. One low maintenance condo, plus a vacation home in Spain or vice versa depending on your perference once you're retired. On the dowmside having to pay a HOA every month forever does feel a bit like paying rent (especially when you factor in property taxes) but as I get older the thought of not shouldering responsibilty for maintaining an entire house and the lot seems more and more alluring.

  • @traveltomoney

    @traveltomoney

    3 ай бұрын

    Haha. Thank you for the compliment! I definitely think a low-maintenance home is sounding good to me at the moment. But I'll give it some time to see how I like it. 🙂

  • @gerrykeane3165
    @gerrykeane31653 ай бұрын

    Good Luck with the new digs. Any thoughts on home insurance in Florida?

  • @traveltomoney

    @traveltomoney

    3 ай бұрын

    Thank you! Home insurance in Florida can be pretty awful, especially when you add on flood insurance, required in so many areas. I had a pretty good experience this time around with Kin. I was referred to them by Progressive because Progressive doesn't offer home insurance for condos in Florida.

Келесі