Our Financial Path.

Start Saving, Investing and Reach Financial Freedom.

Category: Saving (page 1 of 2)

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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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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Frugal, Not Cheap Challenge

In our journey to financial freedom, we face a dilemma. To reach our goals, the math does not lie; we need to either reduce our spending, or increase our income, or both!

We try to increase our income with constant self-improvement and career development. For example, I studied a lot while working full time to pass new reglementary exams which got me sweet promotions and, most recently, got a 15% raise by switching companies.
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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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It’s Time to Fix your Finances

This week, I have learned that our water tax bill just jumped from about $90 to a whopping $600 because of a small plumbing issue that was leaking fresh water down the drain twenty-four, seven for the past year!!! I never looked into the issue before I got a real incentive to do so. Honestly, I heard a strange noise coming from a pipe but never looked into it.
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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.

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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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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Why Work More?

Whether you want to splurge at that new Tapas bar that just opened down the street or simply invest an extra $100 this week, it is always nice to earn a little extra income without working harder. There is a bunch of tricks to earn a little more without necessarily clocking in more hours at work or grinding away at a side hustle.
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