Blazing a Trail Towards Financial Independence
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
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
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?
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
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
Financial responsibility is a trait that can be taught from an early age. Setting positive examples is critical to help your children begin to develop a mindset of financial responsibility that can set them up for life.
[Read more…] about How We are Teaching Our Kids to Be the Millionaires Next Door