Our Financial Path.

Start Saving, Investing and Reach Financial Freedom.

Month: September 2017

Really? Do I Need Bonds?

When you are buying equities, or stocks, you are buying part of ownership in a company. The price of stocks greatly varies and is affected by a lot of factors but in broad terms, the price is determined by the potential future earnings. If a company is seen by investors to have great earning potential, they will be ready to pay more to get a piece of the action than if a company is showing meager prospects.
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Frugal, Not Cheap Challenge

In our journey to financial freedom, we face a dilemma. To reach our goals, the math does not lie; we need to either reduce our spending, or increase our income, or both!

We try to increase our income with constant self-improvement and career development. For example, I studied a lot while working full time to pass new reglementary exams which got me sweet promotions and, most recently, got a 15% raise by switching companies.
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We are Joining the Million Dollar Club

Roughly a year ago (August 10th 2016) we decided to join J.Money‘s Million Dollar Club.  The purpose of the club is to commit to a list of habits and a plan to bring you to the first million. Since your chances of success increase dramatically when you surround yourself with like-minded people, we decided to join the challenge. This is the updated version of our pledge to the Million Dollar Journey!
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Our Money Map

Every month, we earn, we spend, we save. Preferably, you are spending less than you are earning and are building up some savings but this is not the reality for most Americans. If you plan ahead and take the time to think about your finances, you can budget reasonable spending and prioritize savings (or debt repayment).

In our case, we are DINKS (Dual Income No Kids) and automate most of our savings and investing to (hopefully) reach financial freedom in less than 10 years and pull the plug on full-time employment before our 40s.
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There Is No Excuse for Being a Financial Moron

This week, we have a contribution from Mr. Groovy from Freedom is Groovy. He and his wife are groovy freakin freedomists from North Carolina who blog about financial freedom and libertarianism. They are a great read and it is an honor to have them share with us today. Enjoy.

 

Prior to my fortieth birthday (I’m 55 now), I was a financial moron.
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