Our Financial Path.

Start Saving, Investing and Reach Financial Freedom.

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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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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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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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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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California Life. Pennies on the Dollar!

We have not posted in a while since we were enjoying the hot summer in California last week! We traveled for a total of 8 days, flew a total of 5338 miles, ate a total of 4 hamburgers, and spent less than an average week’s worth of rent in San Francisco.

The first flight we took was to San Francisco with a connection in LAX.
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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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