Home > Tag Archives: financial independence

Tag Archives: financial independence

Financial Literacy Awareness Carnival-My Financial Aha Moment

financial literacy aha moment

I’m very happy to be participating with an excellent lineup of bloggers for this year’s Financial Literacy Awareness Carnival by sharing my Financial Aha Moment. You can head over to The Heavy Purse to see all the posts today. I bet you’ll learn lots! The American Dream If you have been reading for a while, you know that my family used to have some serious debt. At the beginning of 2011, we owed over $30,000 to credit card companies and had over $70,000 in student loans. We also were a family who traded our cars for new ones every three or four years and bought things whenever we felt the urge. We had good income, made our payments on time (even if they were often only the minimums), and almost always got approved for new credit whenever we wanted something. We were living the American dream, right? Well, if the dream includes constant worry about having no money at the end of the month and having to work all the time to make sure you can hit every payment, then I guess we were there. It actually sounds more like a nightmare that I’m afraid way too many people lose ...

Read More »

Investment and Net Worth Update

our beach trip

Happy Friday everyone. I’ve been trying to make up for being on vacation last week by working all five days. Let me tell you, a 40 hour work week is for the birds. It makes me really want to buckle down so that I can be on vacation all the time (or at least not in the office). I’m thankful to have work, but working part time has certainly spoiled me. Because I want to keep dedicated to the idea of financial independence and all the freedom that comes with it, I thought it was a good time to share some numbers regarding our investments so far this year and the direction of our net worth. Plus, I really want to be in the Million Dollar Club at Budgets Are Sexy. Do you get a t-shirt with that? I don’t expect anyone to compare themselves with us. We’re all on our own path. If you haven’t planned for which direction you want your path to lead, today is the day to start. For a recap of our net worth from last October, you can check out in this post. Assets: Cash: $64,288. We’ve been hoarding cash for a tax bill ...

Read More »

Happy Labor Day!

Today in the US, we are celebrating Labor Day. According to Wikipedia, Labor Day “constitutes a yearly national tribute to the contributions workers have made to the strength, prosperity, and well-being of their country.” Most of us who get labor day off use it as a day to relax, have a barbeque, or catch up on yard work or other household chores that may have fallen to the wayside while we’ve been working. We work very hard and sacrifice many of the things we enjoy to bring home a paycheck. Lately, this is a topic I’ve considered at great length. Am I making the most efficient use of my time at work and home that will get me to my ultimate goal of financial independence? Can I really get to the point where everyday is Labor Day? Some days it seems I’m on the right path, and others seem like I’m spinning my wheels, which may not be a completely bad thing. I encourage everyone to enjoy today. Spend time with your family if you can. Tomorrow, when you head back to work, take a second to see if you are working for an end goal or if you are also spinning ...

Read More »

Financial Independence Day

Happy Independence Day to all of my US readers today. I hope you get to enjoy a day off, eat some good food, and watch fireworks. If you don’t live in the US, well Happy Thursday. I’ll either be completing or recovering from a triathlon, so sitting around this evening sounds just wonderful. My friend Pauline from Reach Financial Independence has asked me to share some thoughts on what it means to be financially independent. I’m not there, yet but hope hit Financial Independence Day in a few years. I’ve seen several  arguments discussions about what it means to be retired. Does retirement begin with achieving financial independence? Can you call yourself retired if you still work? How many times can you retire? Honestly, the name you call it doesn’t matter. Becoming financially independent allows you to do whatever you want. What Does Financial Independence Mean to Me? Financial Independence is when you have enough money to cover the cost of all of your expenses without having to work for a paycheck to provide that money. You could argue that my in- laws are financially independent. They live solely on social security and own nothing other than their vehicles and ...

Read More »

How to Retire in Ten Years, Regardless of Your Age

The following is a guest post. If you would like to submit a guest post, please read my policy and contact me. If given the chance, most people wouldn’t work for a living. Almost everyone would agree with at least one of the following propositions: Work sucks, I don’t like walking into the building everyday. Work is great, but I’d like the option to quit and not worry about money. Work is tolerable, but I’d rather do something else with my time. There is nothing inherently bad with working for a living. It just stops us doing what we want when we want to. It normally ties us to one physical location and is stressful because there is the constant fear of unemployment.

Read More »