Our Financial Path.

Start Saving, Investing and Reach Financial Freedom.

Category: Debt-Free (page 1 of 2)

What to do with your Tax Refund?

Here it is again; tax season!

While some of us, or some companies, do not have anything to pay to the taxman, most people will get a tax refund once they file their taxes. About 75% of American receive refunds or in other words, most American have too much taxes withheld from their paychecks every year. Most people actually plan to receive a refund each year and imagine these grand spending sprees as if it was free money.
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Reach Financial Abundance

We talked about it in the past; we plan on reaching financial freedom in less than a decade. There is no secret to reaching financial freedom; work hard, spend less than you earn, and save a large portion of your income.

For every dollar you save, you are slowly buying yourself time. If you are saving 75% of your income, you are buying yourself three years of retirement for each year you work.
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Debt Success Stories

Feeling trapped is exhausting, it can drag you down. Keep you in a slump. Once you get out of that slump, once you are free, you can finally live again.

You might feel dragged down by your student loans, car loan, or maybe you went a bit over your means with that credit card and now, you simply do not know how to get out of it.
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Spend Less, Live More

Since we started saving over half our income, our budget has slightly changed. We now shop less, eat out less, buy less, but that’s all good things!

We buy a lot less stuff, but we value experiences a lot more anyways. We still travel a lot, eat out in amazing restaurants, and do fun activities… We just spend way less time at the mall.
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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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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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How to Choose a Home?

Shopping for a house was a huge consideration for us and it should be one for anyone in the process of moving since it is likely the biggest purchase one will make in his life. Buying too little might not be wise, just like buying too big might not be wise. Depending on your location and plans, renting might be the optimal choice rather than buying and living slightly further from work might be better than living downtown.
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Minimize Home and Maximize Happiness

In some cities across America and in most of Canada, our generation is having a really hard time finding affordable housing. Rents have gone up faster than wages and housing prices have risen even faster with the advent of low-interest rates and the overflow of foreign buyers. In Canada, for example, the average house price has not dropped in the housing crash that the U.S.
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Shopping is Good and Cats Should Invest

Consumerism is a norm in America and most people go to the mall because… why not? The Motley Fool reported that the typical woman makes 301 trips to the store annually, spending close to 400 hours a year buying clothes, books, food, and toiletries.  This is a LOT of hours! But does shopping actually make you happier?

Simply by looking at the increasing average credit card debt, one can quickly see how this is not sustainable.
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We Just Got Married!

You might have noticed that I did not post anything yet this September. Well, it is because I was busy getting married! 🙂 We had a wonderful celebration in a nice golf club near our house and I don’t regret a single second of it!

Want it or not, marriage has a lot to do with personal finances and financial independence.
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