Our Financial Path.

Start Saving, Investing and Reach Financial Freedom.

Category: Financial Independence (page 1 of 4)

We are Taking a Mini-Retirement

We are glad to announce to the world that we are having a little girl in a few months!!! We are so happy to welcome a little one on our journey and cannot wait to share this amazing world with our little girl.

Raising a child is not an easy feat and it comes with a lot of unknowns. One thing we know, however, is that we want to be present for our child and enjoy every moment we can with her.
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The $100,000 Car

What if we started spending all of our paychecks instead of saving half of them? What if we started living paycheck-to-paycheck without regard to savings or investments?

 

After all, everyone else is doing it!

 

With all that money, we could drive brand new cars to work. Nothing fancy but we could finance a 2018 Honda Civic sedan and, since everyone else is doing it, an SUV to go with it.
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Finish the Year a Winner

The year-end is right around the corner, leaving us a bit more than a month to finish on top. As part of our Better Self series, we explore the little things that can, over the long-run, make a big difference in your life.

 

Revise your finances

In this Holiday time of gifts and expenditures, it is important to keep your spending in line with tools like Mint or Personal Capital and cut the inessentials.
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What is Money and How to Make it

This week, I have been reading The Wealth of Nations by Adam Smith. This 1776 masterpiece reflects upon economics, the division of labour, productivity, and free markets at the beginning of the Industrial Revolution. However, even if it is centuries-old, it is still very enlightening and I highly recommend you pick up a free copy at your local library.

It got me thinking how strange it is that things you value the most for their use have often very little value in exchange and those with the greatest value of exchange have very little use.
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Open Book – Are we Crazy?!

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

 

Winter is coming and it has been a while since our last Open Book series. We try to be as accurate and transparent as possible to give you a proper idea of our finances. We attribute most of our success our high savings rate and constant tracking of our progression with tools such as Mint or Personal Capital.
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Can you do Better?

Finding a good job is hard. Finding the perfect job is even harder. As part of our Better Self series, I am asking myself if there might be something better out there to not only grow in my career but as a person.

Although I recently changed positions 8 months ago, it was a lateral move. Work is now closer to home, which is great, but there is so much more out there… Sometimes I just wonder how it would be to change careers altogether.
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Better Self – Start Living Now

As part of our new Better Self series, I am committing to reading a book-a-week. This week, I was reading the Art of War from Steven Pressfield. It describes how we can avoid the roadblocks of any creative endeavor and how Resistance is the root of all procrastination, hesitation, and laziness. It is a great book and I highly recommend it.
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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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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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