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Blazing a Trail Towards Financial Independence

Blazing a Trail Towards Financial Independence

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DIY

Net Worth Update 27: Throwing it in Reverse

March 5, 2020 by Mr. Heartland on FIRE

February had a wild finish. Lot’s of moving pieces and, of course, the market dropped like a rock. How are we handling the market correction?

[Read more…] about Net Worth Update 27: Throwing it in Reverse

Filed Under: Annual Planning, DIY, FI Progress, Savings, Smart Spending Tagged With: net worth update, personal finance, Savings

Net Worth Update 26: Back At It

February 6, 2020 by Mr. Heartland on FIRE

It’s time for our first Net Worth Update of the year… wait, the Decade! We made substantial progress in the last few years of the 2010s after wondering in the financial wilderness for the first half. I am excited to see how far we can go with a whole decade (and compounding) to work with.

But first things first… how did we do in January?

[Read more…] about Net Worth Update 26: Back At It

Filed Under: Cost Cutting, DIY, FI Progress, Retirement, Savings Tagged With: Investment Performance, Monthly Savings, Net Worth

Our 2019 Personal Finance Scorecard and 2020 Money Goals

January 23, 2020 by Mr. Heartland on FIRE

If it’s January, then it must be time to check on our previous year’s savings goals and set new ones. There was a lot going on last year. Through it all did we remain on target or did we miss the mark?

[Read more…] about Our 2019 Personal Finance Scorecard and 2020 Money Goals

Filed Under: Annual Planning, Cost Cutting, DIY, Savings, Smart Spending Tagged With: financial goals, Financial Independence, passive income, personal finance, Savings

Cash or Finance – How Should I Buy Rental Property?

November 21, 2019 by Mr. Heartland on FIRE

I have an infatuation with real estate. I love researching and working on houses. As part of this interest, rental real estate is something I want to incorporate into our investment strategy. We currently have one rental property, which is the first home I bought and just never sold. But I want more. The “relatively passive” income from real estate is very appealing. The sooner we can get the rental snowball rolling the better the benefits will be.

I’ve been debating whether we should purchase the next one with all cash or by financing. I figured I might as well put my thought process out on the blog for transparency.

[Read more…] about Cash or Finance – How Should I Buy Rental Property?

Filed Under: Annual Planning, DIY, FI Progress, Retirement, Smart Spending, Uncategorized Tagged With: Buying with Cash or Finance, Real Estate Analysis, Real Estate Investment

Net Worth Update 23: Shaking It Up

November 7, 2019 by Mr. Heartland on FIRE

The leaves are falling and the trick or treating is in the books. October has come and gone. Were our finances as spooky as the Halloween decorations?

[Read more…] about Net Worth Update 23: Shaking It Up

Filed Under: DIY, FI Progress, Retirement, Savings, Uncategorized Tagged With: Investment Performance, Monthly Savings, Net Worth

Shaking Up Our Portfolio: Why We are Straying From the Simple Path To Wealth

October 30, 2019 by Mr. Heartland on FIRE

When it comes to investing, I’ve been an outspoken advocate of keeping things as simple and as cheap as possible. Namely, to own the entire stock market using a Total Stock Market index fund with a rock bottom expense ratio. But recently I’ve decided to add some complexity into my investing portfolio. Let me tell you why.

[Read more…] about Shaking Up Our Portfolio: Why We are Straying From the Simple Path To Wealth

Filed Under: DIY, Retirement, Savings, Uncategorized Tagged With: Asset Allocation, JL Collins, Paul Merriman, Portfolio Diversification, Simple Path to Wealth, Small Cap Value

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