In a discussion with my wife about future plans, she asked: Her: Nah, I need 6. Me: Cash is trash. But I’ll tell you what, let’s me in the middle and establish a barebones 6-month fund. We’ll slowly work up from there. Her: OK, whats that number? Me: Uhhhh… This conversation forced me to eat … Read moreEstablishing A Barebones Budget
High-level Summary We came in 26% under budget for the quarter, thanks due to the Coronavirus. Our net worth remained unchanged, despite lower stock market returns. My partner in crime (aka my wife) made a giant leap toward our progress to FIRE. At the time of this writing, we are approaching 5-6 weeks under quarantine. … Read moreFamily Spending Plan (Budget) and Net Worth Update: 2020 Q1
I am wrapping up my second week of working from home since the outbreak of the Coronavirus. We’ve been in quasi-quarantine for the last ~4 weeks. Needless to say, Im questioning everything I know about life. Working at home with 2 kids under 4, in a job driven by stock market activity is terrible. And … Read moreIs a two-income household still worth the effort: COVID-19 chronicles?
Why do rice and beans get such a bad rep? Such a beautiful and colorful dish. So fulfilling and packed with nutrition. I can’t, and won’t, stand for it any longer. I have to speak out for what is right! Rice and beans are my favorite food It helps that I am from the Caribbean, … Read moreRice & Beans On The Road To Financial Independence
This month we incurred the annual fee for holding the Hyatt credit card by Chase. As such, it is time reevaluate whether we are still deriving enough value from the card to justify the expense. Yearly Fee: $75 I still have the legacy Hyatt card that comes with a yearly fee of $75. However, this … Read moreLove It or Cut It…The Hyatt Credit Card
During the last student loan update, I committed to paying an extra $180/mo above the minimum payment in order to have my loans paid off before turning 40! I am now one year closer to 40 and I’ve decided to get slightly more aggressive to get this gorilla off my back! Starting next month, March … Read moreStudent Loan Update: Done BEFORE…39???!
Continuing to explore Uncommon Dream’s 7 strategies to escape the rat race. The portfolio income strategy is really the crux of the FIRE (Financial Independent Retire Early) movement. All you have to do is simply “accumulate an investment portfolio large enough to indefinitely cover your cost of living”. Sounds easy enough ehh! This is the … Read moreEscaping The Rate Race: The Portfolio Income Strategy
I follow a few travel blogs (TPG, OMAAT) that have adequately warned and prepared me for what to expect when traveling with kids. But, “we don’t rise to the level of our expectations, we fall to the level of our training”. And since there is no such thing as family travel camp (there’s an idea), … Read moreOur First Trip as a Family of Four: Mistakes Made and Lessons Learned
Despite all the traveling we did, and taking into account the holidays, we escaped December relatively unscathed. Our spending was above average for sure, but it was not our highest spending month. Our net worth jumped another $60K during the quarter. This was mostly due to stock market highs. Ohh, and Zillow decided our house … Read moreFamily Spending (Budget) Plan and Net Worth Update: December 2019
We decided to take it easy in the big easy this year after going abroad for 2 of the last 3 years. A few factors went into this decision. The biggest one being a new 3 month old baby at home. No matter how often my parents tell me that they have the time, energy … Read moreExploring and Reconnecting in New Orleans: 4 Year Anniversary Trip