Our Financial Path.

Live a Better Life with Knowledge and Financial Independence

Category: Saving (page 2 of 3)

From $75,000 in Debt to Millionaire

I read a lot of personal finance blogs and publications but one thing strikes me; there are so many writers that are telling their heroic stories about how they got out of debt. Guys like Grayson Bell from Debt Roundup is seen like a superhero when he gets out of $75,000  of consumer debt in 4 years.

I am all for getting out of debt and sites like Grayson’s does help thousands of people get out of the debt trap but there is nothing heroic about getting into debt in the first place.
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Stock Market, Savings, and New Jobs

Every day we are bombarded with news. In the finance world, it goes from bad, to somewhat good, to plainly dreadful news. 🙂 In my field, I see many financial planners or financial service providers that will have TVs playing CNBC all day! I do not know if it is to show their client that they are on top of things or just to use as a decoration but personally, I think that the former use is much more appropriate.
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Should You Like Your Job?

I was reading this study about happiness in the workplace and it really surprised me how little of us truly enjoy our job. Yet, so many are working over 40 hours a week until they are over 65.

If so few are enjoying their work, why so few are taking the necessary steps to retire early? I understand that financial independence takes a few sacrifices but it does offer its benefits.
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Trip to New York’s Adirondacks

This weekend, we joined some friends to the Adirondacks mountains up in New York State. After a little drive, we were in the middle of nature, in the cold, cold, nature.

We walked the beautiful trails for over 3 hours and it got me thinking about the true importance of financial independence in my life. I will try to share my thoughts in a readable fashion, hopefully, you can find some value in my observations.
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I Run On Auto-Pilot

A key part of your financial success is automation. By having your finances on auto-pilot, it will take out the emotional, irrational, decisions one could make while investing. In addition, it will take the stress and time commitment out of your personal finances. This will allow you to stay on course regardless of your motivation and bring a lot of convenience to your everyday life.
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Boss Around your Finances

Living below your means is the key to financial independence. Whether you have debts you are trying to pay off or you are in the accumulation phase of great wealth, you always need to earn more than what you spend. If you earn less than you spend, you will fall into an ever increasing amount of debt. With a good budget and proper planning, anyone can succeed.
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My First Step to Financial Freedom

If you are like me 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. I suggest you use the best online tool available today and sign-up for free with Personal Capital. Their free tools aggregate all your accounts in one spot and will help you optimize your spending and investing.
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How Should You Invest?

After researching the subject and my own little trial and error, I came to the conclusion that index fund investing might be my best path to financial freedom. I started investing in the stock markets playing individual stocks (note here the word playing) back in 2013. I had a very good year and made a 30% return but I do not think I would have been so luck year after year.
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