Month: January 2017
2017 Family Expenses
January 3, 2017
It seems common for financial bloggers to submit their incomes and living expenses for the world at large to see. I thought I would give it a go, with some concerns, as hopefully the wider world can give my family and I some ideas to reduce our expenses further and achieve financial independence much sooner than we currently can. OK, so here goes, our predicted expenses for 2017 are: Continue Reading
1 million dollar savings goal
January 2, 2017
OK, so building on yesterday’s 2017 New Year’s resolutions, I thought I would publicly add in my savings goal for financial independence. My immediate goal is one million dollars!! Wow, ouch, OMG or other suitable words and phrases come to mind when thinking about this amount of money. Also, why 1 million (in today’s money)? Well, this will allow me to live on a 4% dividend rate comfortably, without having to work again out of necessity. I have a few ideas and plans I am implementing to reach this huge amount of cash and they are: Continue Reading
2017 Frugal Resolutions
January 1, 2017
Another year has flown by and now it is time to make frugal resolutions for 2017. What are your goals, pay down debt, massive accumulate savings, generate passive income or perhaps even retire (early) this year? OK, so perhaps my main frugal habit this year is minimize my taxes (legitimately – the way the government wants you to do) so as to maximize my savings rate. How am I going to go about this, well I will: Continue Reading