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Blazing a Trail Towards Financial Independence

Blazing a Trail Towards Financial Independence

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personal finance

Net Worth Update 29: Bizarro World

May 7, 2020 by Mr. Heartland on FIRE

This year seems like an extended episode of the Twilight Zone. Every day something new and extremely weird seems to crop up. Often times things seem to be completely out of sync. Take the stock market for instance: the economy is essentially frozen, millions upon millions are unemployed, people aren’t paying rent and there is an oil price war… yet the market surged upward in April. With that in mind, how did we do?

[Read more…] about Net Worth Update 29: Bizarro World

Filed Under: FI Progress, Retirement, Savings, Uncategorized Tagged With: Investment Performance, net worth update, personal finance

Net Worth Update 28: March Madness

April 2, 2020 by Mr. Heartland on FIRE

Wow. Where to begin? March felt more like a year in and of itself. If it was a roller coaster, we’d have thrown up and been begging to get off… and that was only after the first couple weeks. Truly, the world will be a different place after this month. Putting aside the global pandemic, open ended quarantines, the unprecedented cessation of the economy, and burgeoning unemployment rate, how did our finances do in March?

[Read more…] about Net Worth Update 28: March Madness

Filed Under: Annual Planning, DIY, FI Progress, Savings, Smart Spending, Uncategorized Tagged With: Investment Performance, Monthly Savings, Net Worth, personal finance

Net Worth Update 27: Throwing it in Reverse

March 5, 2020 by Mr. Heartland on FIRE

February had a wild finish. Lot’s of moving pieces and, of course, the market dropped like a rock. How are we handling the market correction?

[Read more…] about Net Worth Update 27: Throwing it in Reverse

Filed Under: Annual Planning, DIY, FI Progress, Savings, Smart Spending Tagged With: net worth update, personal finance, Savings

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

Pay Off Low Interest Debt? Why We Defy Common Wisdom

August 15, 2019 by Mr. Heartland on FIRE

We just refinanced our house into a 15-year mortgage. We will be paying off our car loan early. The mortgage was 4% (now 3%) and the car is 2% interest. The math says that it’s usually better to invest your money than to pay off low interest loans. So what the hell are we doing?

[Read more…] about Pay Off Low Interest Debt? Why We Defy Common Wisdom

Filed Under: Uncategorized Tagged With: debt pay down, Debt Pay Off, Financial Independence, pay off debt or invest?, personal finance

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