Our Financial Path.

Start Saving, Investing and Reach Financial Freedom.

Category: Financial Independence (page 2 of 4)

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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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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Your First Step to Financial Freedom

This is a re-edition of our Personal Capital review 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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When it Will Fall?

The next big market crash might come tomorrow, next month, next year, no one knows. Anyone who does claim to know is simply playing a probabilities game until he or she gets it right. In other words, it is luck.

Jim Cramer for example, the famous host of Mad Money, shares stock picks every night but these stocks only returned 64.53% over the last 15 years (2001 to 2016) compared to 126.06% for the S&P 500 over the same period.
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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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