Our Financial Path.

Live a Better Life with Knowledge and Financial Independence

California Life. Pennies on the Dollar!

We have not posted in a while since we were enjoying the hot summer in California last week! We traveled for a total of 8 days, flew a total of 5338 miles, ate a total of 4 hamburgers, and spent less than an average week’s worth of rent in San Francisco.

The first flight we took was to San Francisco with a connection in LAX.
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Your First Step to Financial Freedom

This is a re-edition of our original post posted on March 20th, 2016.

 

If you are like us and you want to achieve financial independence, you need to know where your money is going and you need to know how you are investing your hard earned dollars. We highly suggest you use the best online tool available today and sign-up for free with Personal Capital.
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When it Will Fall

The next big hit might come tomorrow, next month, next year, no one knows. Anyone who does claim to know is simply playing a probabilities game until he or she gets it right. In other words, it is luck.

Jim Cramer for example, the famous host of Mad Money, shares stock picks every night but these stocks only returned 64.53% over the last 15 years (2001 to 2016) compared to 126.06% for the S&P 500 over the same period.
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How Efficient is your Portfolio?

With high market valuations and an ever-lasting bull market, one might get scared to invest in equities (stocks) and stay on the sidelines. We are not and continue to hold an aggressive portfolio of low-fee index funds (see our actual holdings). Over the long-term, the market has historically greatly rewarded equity investors but there is a balance to be found.
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BMW is Your Secret to Early Retirement

Everyone has to start somewhere. No one is born a financial genius, nor does everyone have an interest in their personal finances. We all have dreams, goals, bills, and expenses. Personal finance is exactly that; personal.

From a young age, children see their parents swipe those magic plastic cards that let you take anything from stores. They then learn how the bank of mom and dad can pay for the movie nights and new shoes.
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Open Book – Half a Year, Half Way There

This is part of our Open Book series, you can start here if you did not read our first post.

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We are in June and it is time for our mid-year assessment. We have been tracking our income and spending for years and since we discovered the whole concept of financial independence, we started tracking our savings rate. The amazing thing is; the more we can increase our savings rate, the faster we can claim our financial freedom.
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A Wealth of Happiness

Here’s a radical thought for retirees-to-be: Instead of obsessing over how to squeeze every last drop of return from your investment portfolio, think instead about how to generate the greatest amount of happiness from your accumulated wealth. – Ian McGuagan

 

I was pleased to read this recent article in The Globe and Mail that started with the amazing sentence above.
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Inflation-Adjusted Happiness

Last weekend, we went to New York City to unwind and discover the Big Apple. It was a great way to forget about our daily routines and enjoy the high-pace of the city. A few weeks before our trip, we planned a few activities and booked our hotel with SPG reward points. We booked a hotel in Midtown (Time Square) for $325 a night but we actually paid a total of $0.00 for our whole stay.
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Live with Less

We live a conscious life.

We consciously choose our purchases, our investments, and our lifestyle.

 

When we face a choice, we try to think of alternatives and try to pick the optimal option that will maximize our happiness while minimizing costs. Using the utilitarianism ethical theory, for example, “Happiness” here is defined as the maximization of pleasure and the minimization of pain.
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Interview with Liz from Chief Mom Officer

Today we have an interview with Liz from Chief Mom Officer. She is a breadwinning mom to 3 boys with a stay at home husband. She climbed up the corporate ladder to earn over 6-figures and now also writes about here life, ideas, and tips over at ChiefMomOfficer.org.

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Who are you and what do you do? What is your story?


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