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Blazing a Trail Towards Financial Independence

Blazing a Trail Towards Financial Independence

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FI Progress

Net Worth Update 10: Fender Bender Edition

October 4, 2018 by Mr. Heartland on FIRE

September is done.  As far as I am concerned: Good riddance!  It’s been an adventure to say the least and I am happy to welcome Fall!  Grumpy commentary aside, how did we do last month?

[Read more…] about Net Worth Update 10: Fender Bender Edition

Filed Under: FI Progress, Savings, Uncategorized Tagged With: FI progress, Financial Independence, Net Worth, Portfolio Growth

Decision Point: What to Do with the Rental Property?

September 27, 2018 by Mr. Heartland on FIRE

Rental property:  It’s a popular path to develop passive cash flow for many in the Financial Independence Retire Early (FIRE) community.  When a property is purchased at the right location and for the right price it can certainly be a lucrative investment.  But when that rental property is your former primary residence… and was not purchased with long-term rental in mind, the numbers can be a bit more dodgy.  This is the predicament we here in the Heartland on FIRE household are in.  We just renewed our tenant for 6 months and the clock is ticking on whether to keep renting or to try and sell the house.  We can’t be the only folks who have faced this dilemma, so I figured posting our thought process and analysis may be a useful exercise for others.

[Read more…] about Decision Point: What to Do with the Rental Property?

Filed Under: Annual Planning, FI Progress, Savings Tagged With: rental property cash flow analysis, Sell or Keep a rental property, Selling Rental Property, typical costs during a home sale

Escape the 9-5 Faster with the Boost-Glide Path to Financial Independence

September 13, 2018 by Mr. Heartland on FIRE

Can you take cues from a rocket launch to enjoy the benefits of F.I.R.E. on an accelerated timeline? [Read more…] about Escape the 9-5 Faster with the Boost-Glide Path to Financial Independence

Filed Under: FI Progress, Lifestyle Improvement, Retirement Tagged With: alternative retirement strategy, FI number, FIRE, how long until retirement, How much to retire, how to leave your 9 to 5 and still retire, How to reach financial independence fast, retirement strategy

Net Worth Update 9: Paul Bunyan Edition

September 6, 2018 by Mr. Heartland on FIRE

August came and August went.  And with it, I now have a child in Kindergarten!  What a mind job!  While I begin to adjust to yet another reminder that I am getting old, let’s take a step back and dissect the month that was.

[Read more…] about Net Worth Update 9: Paul Bunyan Edition

Filed Under: FI Progress, Savings, Smart Spending Tagged With: 401k contibutions, cash flow budget, first time school parent, short term savings strategies

Progress Update 8: A Blind Squirrel Finds a Nut and Changes Abound

August 2, 2018 by Mr. Heartland on FIRE

July wasn’t messing around.  It was a month of changes in a number of areas.  Let’s just call it financially dynamic.  Join me as I unpack the happenings from the month that was and come see how the Heartland on FIRE household fared in July.

[Read more…] about Progress Update 8: A Blind Squirrel Finds a Nut and Changes Abound

Filed Under: FI Progress Tagged With: 401k contibutions, blog traffic, Net Worth, Portfolio Growth, Rockstar Finance, Vanguard

Progress Update 7: Back to Zero

July 5, 2018 by Mr. Heartland on FIRE

Just like that, half the year is gone!  Triple digit heat indices are once again the norm and the garden is bursting with veggies.  So, how did things shake out for the Heartland on FIRE household in June?

[Read more…] about Progress Update 7: Back to Zero

Filed Under: Debt Reduction, FI Progress, Savings Tagged With: FI progress, Financial Independence, Investment Strategy, Net Worth, Paying off car, Portfolio Growth, Switching insurance companies, Vanguard ETF Commissions. Edward Jones

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