The First Year of Pursuing FI – Part 2

Part 2: Reigning in Spending This post is the second part in a series about steps that someone new to pursuing FI might take during the first year.  Here is where you can find Part I:  Assess Your Situation. Reigning in your spending is definitely the next step that I would advise someone who is … Read moreThe First Year of Pursuing FI – Part 2

The First Year of Pursuing FI – Part 1

Part 1: Assess Your Situation This post consists of three main topics: Figuring Out Your Net Worth Tracking Your Spending Calculating Your Savings Rate Side note on goals for spending, savings rate, and net worth:  I am not discussing these goals here because they are so specific to each person/family. If you have not figured … Read moreThe First Year of Pursuing FI – Part 1

Financial Independence: Make it Part of Your Vocabulary

FI: technically, the letters mean Financially Independent. However, we use FI as a word all the time, with a different meaning. A good example would be me saying something like this: “Look babe, we just took a 10-day vacation using credit card bonus points, we are FI as shit!” What I realized after thinking about … Read moreFinancial Independence: Make it Part of Your Vocabulary