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
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
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
I love it when it when a plan comes together! In November we came within $50 of our monthly spending plan. It is these types of months that make me feel like we properly anticipated our future expenses. This month I decided to lump all the smaller expenses into the “Other Bills” category to make … Read moreFamily Spending (Budget) Plan: November 2019
After being introduced to Michael of Uncommon Dream by the one and only Paula Pant of Afford Anything, I knew I found another member of my tribe. In the podcast, Michael discussed 7 strategies that he developed to escape the rate race, which is ultimately what I am after. After listening to him and then … Read moreEscaping The Rate Race…The Status Quo Strategy
October was another great month for our wallet. And it could of been our lowest spending month YTD, except that I made a bonehead mistake while booking a rental car for an upcoming trip to Orlando I use Personal Capital to keep track of our spending. Given how many different cards we use to manage our household … Read moreFamily Spending (Budget) Plan: October 2019