Our Financial Path.

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Category: Saving (page 2 of 2)

Happy and Saving

When I was a child, my mom always used to tell me to go play outside. I went outside, picked up a stick in the woods, and could play for hours with my friends and our newly found treasure!

Now, as an adult, I notice that having fun has, somehow, become much more expensive. All my friends buy stuff to have fun.
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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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One Step Richer

 

Sometimes, I feel poor.

My bank account has a low balance and I use credit cards for all my purchases.

 

This might be the hard reality of many people living paycheck to paycheck. However, I choose to live like this to optimize my savings and live a better, happier, life. 🙂 For example, I do not keep a large balance in my bank account since it pays a whopping 0% in interest.
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Safe Withdrawal Rates and Budgeting

I was reading on Kitces.com and really enjoyed his post on Adjusting Safe Withdrawal Rates To The Retiree’s Time Horizon. Just before we dig into this article, remember that this comes from the assumption that a 4% withdrawal rate per year will not deplete your capital and can sustain you with a very high rate of success (see Trinity Study).
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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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Boss Around your Finances

Living below your means is the key to financial independence. Whether you are trying to get out of debt or you are in the accumulation phase, 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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How to Retire Early and Happy?

We all have that moment when we sit down and think; what do I want out of my life? You can have a great job, great family, health and all but still do not know what you want out of life.

 

For me, this was at 23. I was working full-time, one year in a great relationship and thinking about getting a house. 
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