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Heartland on FIRE

Blazing a Trail Towards Financial Independence

Blazing a Trail Towards Financial Independence

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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

Our 2019 Spending: Exposed!

January 16, 2020 by Mr. Heartland on FIRE

2019 is in the books. As always, I like to look back on the year that was, and take stock of our spending. Anyways, for better or worse here is what happened.

[Read more…] about Our 2019 Spending: Exposed!

Filed Under: Annual Planning, Cost Cutting, FI Progress, Smart Spending Tagged With: burn rate, financial indpendence, personal finance

Net Worth Update 25: The 2010s – In Like a Lamb, Out Like a Lion

January 2, 2020 by Mr. Heartland on FIRE

And just like that, another decade bites the dust. I started the decade as a recent college grad with nearly a net worth hovering near -$50,000 and almost zero financial IQ and ended the decade married, with children, a rental house, and a net worth over $500,000. What a ride!

Speaking of that net worth… wanna see how we did in December?

[Read more…] about Net Worth Update 25: The 2010s – In Like a Lamb, Out Like a Lion

Filed Under: Uncategorized Tagged With: Investment Performance, Monthly Savings, Net Worth

Do the Hard Thing

December 12, 2019 by Mr. Heartland on FIRE

People are weird creatures. Well, I can’t speak for you all, but I know that I am wired funky. Case in point: Nothing makes me feel better, and enjoy life more than challenging myself. Any day that I have ground myself to powder before dinner is a good day.

Recognition of this fact gives me the confidence to push my limits and reach my goals.

[Read more…] about Do the Hard Thing

Filed Under: Lifestyle Improvement, Uncategorized Tagged With: Pushing your limits

Net Worth Update 24: Two Years Down

December 5, 2019 by Mr. Heartland on FIRE

The turkey is picked clean and all the leftovers are finally gone. I’ve loosened up my belt a notch or to. It must mean November has come to a close. Did we stuff our savings as much as we stuffed our faces?

[Read more…] about Net Worth Update 24: Two Years Down

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

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

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