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Month: September 2021

1198 Forest Ave Project

I couldn’t be more excited by how our latest renovation project turned out. Last winter we did our first mailer to neighborhoods where we have renovated houses in the past. We got two phone calls as a result. One was from the long-term (and out of state) owner of 1198 Forest Ave. He was getting out of the rental business, and this was his last one in Memphis. We went to see it and immediately knew that we would like to buy it. We loved the location (walking distance to Crosstown Concourse), and we loved the fact that there were five bedrooms. His estimate of how much it would cost to renovate the home was too low, which meant that the price he wanted wasn’t going to work for us. We were able to settle on a price we both thought was fair, and a few weeks later we closed.

Here are some photos from when we purchased the home.

The home had a newer roof and HVAC, though the entire system had been stolen a year or so ago. So we had to install a new system. In addition, we decided to add a second system for the upstairs. We knew that we needed to replace everything in the kitchen (flooring, lights, cabinets, countertops & appliances). We would also be painting the interior and exterior, and refinishing the hardwoods upstairs. The other main issue was that while there were five bedrooms, there was only one full bathroom downstairs plus a half bath upstairs. We would need to figure out how to have at least two full bathrooms.

Our solution was to enlarge the half bath to accommodate a full bathroom. To do this we just made one of the bedrooms a bit smaller. I was very happy with the design decision.

The entire project took about four months. Normally we start looking for tenants once the project is complete, but this time we were able to find someone a month before we were finished. Final touches are today, and our new tenants move in tomorrow!

Here are some photos of the finished product.

Formative Books – Work & Productivity

In previous posts I have shared my favorite books on the topics of spirituality and money. Now I’d like to highlight those books that have most helped me to do my work. As a long-term solo entrepreneur, I’ve rarely had someone looking over my shoulder to ensure that I was actually doing my work. That may sound heavenly to you, but it’s meant that I’ve had to develop systems and habits so that I actually get things done. Like previous posts, this list is in the order of when I first encountered these works.

First up is Time Management for Dummies, by Jeffrey Mayer. You may chuckle with this one, but this was the first productivity book I ever read. I read it during a time I had a job in which no one was there telling me what to do. I had to figure out how schedule my days so that I actually got things done. While I don’t remember much specifically about the book, there is one exercise that I continue to use. It’s the master list. You take a yellow notepad and write down everything that you need to get done. I now primarily use Nozbe for my to do list, but when there is a lot on my plate, I come back to that master list. There’s something about getting everything from my brain to a piece of paper that is clarifying.

Next is The 4-Hour Workweek, by Tim Ferriss. I’m a big fan of Tim Ferriss. I’ve been listening to his podcast since soon after it launched in 2014, and I’ve read just about all of his books. It was through this book that I first began thinking about concepts like life design, mini-retirements, and remote work. I’m fairly certain that a lot of my thoughts on working the system probably came from Tim as well. This is a book I come back to every few years.

Next up is StrengthsFinder 2.0, by Tom Rath. I first took the StrengthsFinder assessment back in 2001, but I didn’t have anyone really help me to understand it. But in 2010 our church had a consultant come and spend a weekend with us. I learned that my top five strengths were Command, Self-Assurance, Adaptability, Activator, and Arranger. This gave me language to understand the tasks I do that make me feel strong. I began to understand that this is a unique way that God has designed me, and it’s good for me and others when I spend the bulk of my time living and working out of these strengths. If you’ve never taken this assessment you can do so here. I highly recommend it.

Next up is Anything You Want, by Derek Sivers. The subtitle is 40 Lessons for a New Kind of Entrepreneur. I like that. I first heard Derek on the Tim Ferriss podcast, and I was immediately a fan. He is about as outside the box as you can get, and more than just about anyone I’ve ever heard about, his decisions and day to day activity are so rooted in his values and desires. This is a short book with short chapters, and it’s another one that I come back to every few years.

Greg McKeown’s Essentialism came at a perfect time in my life. I was doing too many things, and this book helped me make some radical changes. What do I feel deeply inspired by? What am I particularly talented at? What meets a significant need in the world? At the center of these three questions are just a few things. I understood that my focus needed to be on these things. That meant that I needed to stop doing a lot of other things. And that’s where the next book helped immensely.

Before Free to Focus was a book, it was a course by Michael Hyatt. It was one of the best investments I’ve ever made, and it continues to bear fruit in my life. It was from Hyatt that I learned how to construct an ideal week. The course/book also helped to give me the courage to cut out a lot of things I was doing that might have seemed urgent, but that weren’t really that important. It also gave me the skills to automate a lot of the tasks that I did on a day to day or week to week basis.

Deep Work, by Cal Newport, was another big one for me. The idea behind the book is that a lot of the work that is needed today is what he would call deep work. The problem is that the way so many of us spend our working days pushes against deep work. We are so easily distracted. What I learned through this book was to have time set aside during my most productive hours (morning) that was devoted to this kind of deep work. During that time I wouldn’t check email or browse the web for whatever entered my mind at that moment. It’s a discipline for sure, but it’s one that totally pays off.

The Complete Enneagram, by Beatrice Chestnut, is similar to StrengthsFinder in that I believe that the more I understand about myself, the better I’m going to be. Everything starts inside and works itself out. I’ve written on the Enneagram before, so I won’t repeat myself here. But of all the books on the subject I’ve read, this one is by far my favorite.

There was a time in my life when I was a workaholic. I worked a lot because I loved my work, but I also worked a lot because I felt better about myself when I did. Burnout was of course the end result of this kind of unhealthy lifestyle. Rest, by Alex Soojung-Kim Pang, taught me to take seriously the need for intentional rest and play. There are chapters in this book about taking walks and taking naps. Simple yet very counter-cultural.

Off the Clock, by Laura Vanderkam, has been out for awhile, but I didn’t read it until this year. I had read a couple of her other books, but this one is definitely my favorite. In one of her earlier books, Vanderkam encourages the reader to keep track of how their 168 hours (one week) were spent. This is an activity that I’ve done several times, and it’s one that I highly recommend. The subtitle of this book isn’t just a catchy line. I think it’s truly possible: “Feel less busy while getting more done.”

Two Weeks in Switzerland – Pt.2

In my last post I shared about our desire to go back to Switzerland this summer. In this post I’d like to document the planning process. We still have many months to go, but I’m happy to report that all of our flights and lodging have been booked!

This post is going to be long and very detailed, but that’s how the planning process really is. Planning a trip to another country is a complicated process, but hopefully what I share here will help anyone else who wants to take it on.

I mentioned in the last post that I hoped to pay for half of this trip with points. I first discovered “travel hacking” right before we took our month long trip to Europe in the summer of 2018. We had saved up for over a year for that trip, but it was a bit frustrating to learn that I could have saved SO much money had I understood travel hacking earlier. I won’t make that mistake this time, and hopefully you won’t as well.

To get started, we knew that we wanted to go back to the Lauterbrunnen Valley, and we wanted to stay at the same chalet. It’s in a small car-less village called Wengwald. Mandy found and booked this place a year before our last trip. It was affordable, and it had so many great reviews. To help explain how magical this place was, this was our view every morning we stepped out the door.

Now you can see why we felt the immense need to get back to this place!

Once we had decided to spend our entire two weeks in Switzerland, we knew we could spend at least five days here. So that’s what we are going to do.

We also decided that we would like to spend some nights in Mürren. The elevation in Wengwald is around 4200 ft above sea level. In Mürren it’s 5500 ft. We did some of our favorite hikes in this area. And one of our favorite memories from our time there was eating Magnum ice cream bars on a bench and having a little old lady stop by and ask us to make sure that we didn’t drop any of the chocolate onto the street. Never had that happen before!

So we booked this place in Mürren for five nights. Ten nights down. Where else should we go? Before I get to that, let’s discuss flights, because this is where things get pretty tedious. I started the process off by going to Google Flights. I had at first assumed that we would fly out of New York like we did last time. So I began searching for the best flights there. We then decided that Chicago would be a better option since we could fly nonstop via Southwest. So I started searching for the cheapest flights from there to Zurich. There I discovered that we would save a lot of money going at the beginning of June rather than the end of June or July.

From there I went to the Chase Ultimate Rewards site. My default credit card for the past several years has been the Chase Sapphire Preferred. And since it had been four years since I had gotten the bonus, I was able to apply for a new one. I first had to downgrade my existing card to the Chase Freedom Unlimited, which has no annual fee and gives you 1.5 points per $1 spent. And then I had to apply for a new card. The new bonus is 100,000 points, which is the highest ever. If you don’t have the Chase Sapphire Preferred, you should definitely get it. And if you do decide to apply, it would be awesome if you used this link, as they’ll give me some points as well!

There are times when it’s best to transfer Chase Ultimate Rewards to partner airlines and hotels. I’ve done that with Southwest and Hyatt. I looked into those options for my flights. I ended up booking through the Chase travel portal though. Here is a great tutorial for using this site. The bottom line is that you search for flights just like any other site, but instead of paying with cash, you use your rewards, and the rewards when you have the Chase Sapphire Preferred are worth $0.125. So four tickets from Chicago to Zurich costing $2425.76 cost us 194,060 points instead. Not a bad redemption, especially considering the fact that I paid a $95 annual fee to get 100,000 of those needed points through this credit card!

Since we knew that we would be flying in and out of Zurich, we knew we wanted at least two nights there. Zurich is the largest city in Switzerland. It’s also one of the most expensive cities in the world. So now we had a large city. And we had villages in Wengwald and Mürren. We decided that we wanted a couple of nights somewhere in between. So we settled on two nights in this apartment in Luzern. We will be arriving in Zurich mid-afternoon, and the next morning we’ll probably wake up around 2:00 or 3:00 in the morning. Jet lag will hit us hard in Luzern, but it will be a good place to shake that off by exploring a new city.

And then we were down to Zurich. Did I mention that Zurich is one of the most expensive cities in the world? It’s #5 according to this article (have you even heard of #1!). As with the other stops on our trip, we opted for apartments rather than hotels since our boys are only getting bigger. More space is helpful. I read lots of blog posts and purchased Rick Steves’ book so that I would better understand which neighborhoods would work best. We settled on this apartment for two nights.

At this point I have booked flights from Chicago to Zurich as well 14 nights in vacation rentals. All that is left is our flights from Memphis to Chicago, plus a night in a hotel on either end of the trip. Our first thought was to fly Southwest. We’ve had the companion pass for the last couple of years, which has really saved us money. It expires at the end of 2021, and I may opt to wait a year before trying to get it again. The other issue with Southwest is that they fly into Midway, and our Zurich flight is in and out of O’Hare.

I went back to the Chase travel portal and found that I could book four nonstop flights from Memphis to Chicago for $1035.20, or 82,816 points. We went with the points. The good thing with that, besides using points instead of cash, was that we would fly in and out of O’Hare instead of Midway. Now all that was left was booking hotels. I chose a Hampton Inn for our first night. We will arrive at O’Hare that morning around 9:30 and then will take the free airport shuttle to our hotel, where we’ll leave our bags before heading downtown for the day. We’ll have the next day completely free as well. We’ll check out, leave our luggage, and head back downtown. Our other thought is to do a college tour or two that day. After a fun day of something, we’ll had back to the hotel, pick up our luggage, take the airport shuttle to O’Hare, and fly our at 10pm .

Our return flight from Zurich arrives in Chicago around 6pm. It’s going to feel like 1am to us, so once we clear customs and get a bite to eat, we’ll take that free shuttle to the Hyatt Place, which I paid for with Hyatt points, and crash. The next morning we fly out at 10am. Nice to not be too rushed that morning, even though I’m sure we’re going to be up EARLY.

Since this post has gotten rather lengthy, I think I’ll save a bit for a last post. In that post we’ll discuss transportation once we get into Switzerland, plus I’ll share some things we learned during our last trip that will help us this time around.