Our Financial Path.

Live a Better Life with Knowledge and Financial Independence

Category: Credit Cards (page 1 of 2)

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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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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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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Traveling the World, Priceless

In the year of 2016, we optimized our spending and coordinated multiple credit card applications to maximize our travel rewards. Over the year, we applied for multiple TD cards, each a CIBC card, multiple American Express cards (including two Starwood Preferred Guest cards to stay at hotels for free), and an MBNA Alaska Airline card each. (Using these affiliate links will give you a bigger welcome bonus or cash back.
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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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Traveling Through Italy Frugally

In July 2015, we traveled to Italy for a conference held in Turin. Fortunately, Mrs. Xyz traveled for free since it was for her work so we only had to pay for my ticket.

We usually use our business travels as an opportunity to extend our stay and cut vacation expenses. This time around, we extended a 5-day business trip to Turin into an 11-day trek around northern Italy!
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Traveling Through South-East Asia on a Budget

Way back in 2009, before I had met my wife and way before I discovered the early retirement concept, my parents took us (me and my sisters) to a long trip in South-East Asia. During this trip, we traveled through Japan, Thailand, Cambodia, Myanmar, and Laos, flying through continents, walking through borders, and backpacking across mountain ranges. Traveling there and meeting the locals and ex-pats really opened my eyes to what I would later label as; Financial Independence.
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The Secure Way to Bank Online

As I already said time and again, tracking your finances is the number one step to financial freedom. Once you know where all your money is going, you can then start cutting down your spending and increasing your savings. Using free tools like Personal Capital allows you to not only track your banking but all your investment accounts too. That’s where it gets interesting!
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