Our Financial Path.

Live a Better Life with Knowledge and Financial Independence

Category: Budgeting (page 1 of 2)

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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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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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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We Only Spent $2,359 on our Honeymoon

Last September, we got married and waited until the winter to go off on our honeymoon. After much consideration, we decided to escape the snow in Mexico. All through our trip, we have kept a tab and tracked our expenses to share with you guys. To make it easier for everyone, prices have been roughly converted CAD to USD at 1.3, CAD to MXN at 15, and USD to MXN at 20.
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Open Book – How Much Are You Spending?

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

 

With today’s online tools like Mint or Personal Capital, it is super simple to track a budget and hopefully, to follow it. We have been tracking our finances for a few years now and our most recent focus is our savings rate.
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Open Book – Married Life and Investments

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

 

A few things changed since we got married last month. I will now be including my lovely wife on the journey and we will start writing some posts together. Mrs. Xyz was always on board with financial freedom but she will now start to contribute to the blog.
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Traveling to Guatemala

Back in 2014, I went on a 1 month-long trip to Guatemala with my family. This trip really changed my views on life and on the meaning of happiness in general. To relate to my financial path, seeing and learning this culture helped me realize how it is possible to live on a lower budget while living a fulfilling, happy, life.
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I Run On Auto-Pilot

A key part of your financial success is automation. By having your finances on auto-pilot, it will take out the emotional, irrational, decisions one could make while investing. In addition, it will take the stress and time commitment out of your personal finances. This will allow you to stay on course regardless of your motivation and bring a lot of convenience to your everyday life.
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