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Heartland on FIRE

Blazing a Trail Towards Financial Independence

Blazing a Trail Towards Financial Independence

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Savings

Net Worth Update 17: Oops, we did it again.

May 2, 2019 by Mr. Heartland on FIRE

As I left you last month we were pondering whether our youngest broke her foot while I was typing Update 16. After an urgent care visit, I can thankfully report that she only sprained her foot, and after a few days of hobbling around she’s good as new. Wheew! So besides luckily dodging health issues, were there any financial bumps in the road in April? Keep reading to find out.

[Read more…] about Net Worth Update 17: Oops, we did it again.

Filed Under: FI Progress, Retirement, Savings, Uncategorized Tagged With: Financial Independence, Money Fail, net worth update

Drain King for a Day

April 11, 2019 by Mr. Heartland on FIRE

I recently knocked out a much needed DIY yard project and installed yard drains around my kids’ playhouse and fixed a broken and clogged downspout. In reflecting on the project I realize the impact of tackling this DIY project may be much larger than at first glance. In fact, the monetary savings alone surprised me. So let’s take a closer look.

[Read more…] about Drain King for a Day

Filed Under: DIY, Lifestyle Improvement, Savings, Uncategorized Tagged With: DIY Yard Work, Downspout Repair, Fixing Drainage Problems, Saving Money with DIY

Net Worth Update 16: Double Trouble

April 4, 2019 by Mr. Heartland on FIRE

Well March was an interesting month. As it turns out the “Madness” was not limited to the hardwood. While everyone had their bracket busted, we nearly busted our bank account!

[Read more…] about Net Worth Update 16: Double Trouble

Filed Under: FI Progress, Savings, Uncategorized Tagged With: credit card fail, financial spring cleaning, net worth update, Slow Carb Diet, weight loss fail

Make Risky Moves with Little Actual Risk

March 21, 2019 by Mr. Heartland on FIRE

Have you ever considered starting a business? Maybe building a real estate portfolio? How about drastically changing careers? Sounds pretty risky right?

While there is no way to eliminate risk, a solid financial base and developing hobbies you are passionate about can make these “risky” endeavors much less risky.

[Read more…] about Make Risky Moves with Little Actual Risk

Filed Under: Lifestyle Improvement, Savings, Smart Spending, Uncategorized Tagged With: Start a business without leverage, Take the sting out of failure, Taking risks with little risk, The advantages of hobbies

Give Your Kids’ Finances an Unbeatable Head Start

March 14, 2019 by Mr. Heartland on FIRE

I write a lot about how my wife and I are furiously saving for retirement. But, as my wife kindly reminded me, “what about the kids?! “

The pursuit of Financial Independence (FI) focuses on living below your means and reaping the rewards of compounding gains. If it is possible for someone who only started saving in their 30s to reach FI by then, can you imagine what is possible when their savings snowball starts rolling when they are born? So, let’s dive into the numbers and strategies and see what is possible.

[Read more…] about Give Your Kids’ Finances an Unbeatable Head Start

Filed Under: Annual Planning, FI Progress, Retirement, Savings, Uncategorized Tagged With: 529 vs ESA, Custodial Account, Saving for Your Kids, UGMA, UTMA

Spring Cleaning for Your Finances

February 28, 2019 by Mr. Heartland on FIRE

It’s the late stages of winter and the tulips are starting to emerge and the days are growing longer. I am starting to feel the pull of yardwork that needs doing and noticing areas that need decluttering. That means it must be about time for some Spring Cleaning!

Past the holidays and before the craziness of summer activities kick in there is a window of relative calm (unless you are a tax accountant!). This is a perfect time to knock out some Spring Cleaning. But did you know that you can do Spring Cleaning for your finances too?

[Read more…] about Spring Cleaning for Your Finances

Filed Under: Annual Planning, Savings, Smart Spending, Uncategorized Tagged With: Clean Up your Finances, Declutter Your Finances, Get your Financial House in Order

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