All,

Wanted to share a couple of personal updates with DINKs readers.  Today, I got the private mortgage insurance (PMI) taken off my condo and I picked up some passive income payments from a couple of companies I’d been working with. It was super nice to come back home from work and have the good news in the mail box.

Goodbye PMI

When I initially bought my condominium unit in Portland, Oregon I only put 7 percent down. So I had to pay PMI.  I’d been paying about $279.00 per month for PMI for the last seven years, and hating every payment.  Since the Portland condo market had been strong for the past couple years, the value of my place had increased substantially.  As a result, I had more than 20% equity in the condo, so I applied to have PMI taken off.

Well the application was successful!  Here is my new escrow statement.

Its gonna be great to not have to pay PMI.

PMI removed

Hello Money

When I came home I had a couple of payments waiting for me.  For some context – I’d been focusing on picking up extra money by selling my browsing history and other data.  A couple of the companies I’d been using paid out.

Nielsen Opinion Rewards – paid $10.

Savvy Connect – paid $5.

I’ve included links to both of those companies – if you’re looking to pick up some passive income, I recommend both.  They are a bit of a hassle to install, but otherwise they both pay well and reliably.

Goodbye PMI, hello money indeed!

For More On Building Wealth, Read These

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Avatar photo

James Hendrickson is an internet entrepreneur, blogging junky, hunter and personal finance geek. When he’s not lurking in coffee shops in Portland, Oregon, you’ll find him in the Pacific Northwest’s great outdoors. James has a masters degree in Sociology from the University of Maryland at College Park and a Bachelors degree on Sociology from Earlham College. He loves individual stocks, bonds and precious metals.


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Avatar photo About James Hendrickson

James Hendrickson is an internet entrepreneur, blogging junky, hunter and personal finance geek. When he’s not lurking in coffee shops in Portland, Oregon, you’ll find him in the Pacific Northwest’s great outdoors. James has a masters degree in Sociology from the University of Maryland at College Park and a Bachelors degree on Sociology from Earlham College. He loves individual stocks, bonds and precious metals.

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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