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Tag: retire early

Learning what not to do from our parents

Learning what not to do from our parents

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Our parents are our role models. We learn so much from them. We pass down traditions generation to generation. We consider them wise and experienced. However, there may be things that our parents did that we should avoid ourselves. Learning what not to do from our parents can help us make better decisions and minimize financial burden. Invest My parents didn’t invest much. They were the type to work their job and put their money into regular savings accounts. Back…

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Living minimally

Living minimally

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Living a life with just the things you need…living minimally. One area to consider when pursuing financial independence or if you’re just trying to get a hold of your financial stability is to try to live minimally. Living minimally doesn’t mean you have to live like a monk. Living minimally is being aware of your needs and wants. How to live minimally depends on you and what your definition of minimal is. Now that I’m older and a little wiser…

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Time to reset

Time to reset

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Prior to COVID, did you feel like you could barely keep up with life? I had a 3 hour roundtrip commute to work. I had kids activities I had to take them to. My To-Do list kept getting longer and longer each week. I barely had time for myself. I felt like I was barely keeping up. After working from home due to COVID, it gave me so much of my time back. Luckily, I had a job where I…

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Receipts are as good as money Update 2

Receipts are as good as money Update 2

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This is a second update to this article. I wrote in a previous article about apps that will give you cash for your receipts. I wanted to give an update because I started using yet another app to help me build my cash rewards because receipts are as good as money. Receipt Hog Receipt Hog is an app where you take a picture of a receipt and upload it in their app. You earn credits and when you reach a…

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Making decisions while emotional can be dangerous

Making decisions while emotional can be dangerous

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The housing market is on fire right now. You might have heard that there’s a housing shortage. Along with that, interest rates are at record lows and there’s a push for remote working. With all those factors combined, people are selling high, buying high, and willing to pay more to get a home. In my neighborhood, homes for sale don’t stay on the market long and people are selling at a high price. This triggered a discussion between my wife…

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Bottom line – it takes sacrifice

Bottom line – it takes sacrifice

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Reaching financial independence (FI) isn’t easy. No one should ever think that it is not will it be quick. I was at me dentist appointment and was taking with the dental technician. We got to talking about work and the economy. She was thinking about moving closer to the dental office but the housing was too high even to rent. I told her about a couple of things I did that helped me to afford housing which she has actually…

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Controllable and uncontrollable expenses

Controllable and uncontrollable expenses

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Expenses are the things you spend your money on. For example, food is an expense. If you have a car, car insurance is an expense. If you rent an apartment, monthly rent is an expense. If you eat out, that is an expense. And the list of expenses can go on and on and on. If your expenses are more than your income, you’re in negative territory. If you are breaking even, you’re living paycheck to paycheck. If you’re income…

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Seize the opportunity

Seize the opportunity

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We come across opportunities available to us each and every day. We need to take off our blinders and notice them. Opportunities can be knocking on our door but it’s up to us to open that door. Once opportunities are gone, they may not come again so make sure to seize each opportunity. What opportunities am I talking about? It could be anything that helps your career, your relationships, your friendships, your financials, your network, your knowledge, your exposure, your…

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Is fear of finances holding you back?

Is fear of finances holding you back?

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Finances has always been a personal topic and many of us don’t openly discuss it even amongst family and close friends. It’s like some taboo that we can’t discuss finances yet we can comfortably talk about everything else. If we never talk about it, how do we get to understanding it more? Do we have a fear of trying to understand finances and is that fear holding us back? Up until I got married, I never took the time to…

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Growth stocks vs Income stocks

Growth stocks vs Income stocks

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Where you should invest your money in is always a great question and two types of stocks you can invest in are growth stocks and income stocks. Growth stocks are stocks that are expected to continually grow. Income stocks are stocks that provide a consistent income stream. Which one should you invest in? Growth stocks refer to companies with growth potential. Where there is growth, there is growth with stock prices. These stocks tend to experience volatility however investors will…

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