Blazing a Trail Towards Financial Independence
I hope you all had a wonderful holiday season! This update marks the completion of our first year of monitoring our Net Worth progress. I will be taking a deeper dive into the 2018 numbers in another post, but for now how did we fare in December?
We recently had a conversation with another couple. During the discussion they mentioned that they only contributed enough to their 401k accounts to get their employer match. They maintain that they do not earn enough to max out their 401k contributions. Now that sounds like a fairly typical argument; however, from past conversations we learned this couple has an annual income over $250,000 per year! How crazy is that!
Maxing out 401k contributions would amount to less than 15% of this couple’s income. This conversation really underscored the point: Most of Us Do Not Live Below Our Means
[Read more…] about Living Below your Means: What Does it REALLY Mean?
November is done and gone, and the Thanksgiving left-overs are finally gone with it. I’ll be trying to burn off that weight for the next few months! Did our net worth grow as much as my waistline?
[Read more…] about Net Worth Update 12: Gluttony & Punishment
Happy Thanksgiving!!
A year ago today, this blog did not exist. November marks the end of my first year of blogging on this site. It’s been a hell of a journey so far and I can’t wait to see where this whole thing goes. So, to get into the Thanksgiving spirit, I thought it would be help to write out a list of Thank You notes for those that are responsible for the existence of this blog.
***Cracks Knuckles***
***Piano Softly Plays***
The flames of the FIRE (Financial Independence Retire Early) movement can spread rapidly. Just like a campfire stacked with kindling, the flames are tall, flickering, and bright at first, but over time, these flames subside leaving the dull glow of smoldering coals.
But you don’t cook on the flickering flames. This short blast of high heat would scorch the outside, leaving the inside raw. You do your cooking on the coals, sustaining just the right level of heat over a longer time.
Having an open mind, self evaluation, and taking bold action are critical to igniting the FIRE and the bright dancing flames of the initial burn.
Happy Halloween! Another month is in the books. October was much kinder to my psyche than September… But how did our finances fare? [Read more…] about Net Worth Update 11: Free Fallin’