Keep an Emergency Fund to Stay Out of Debt

Debt is a viscous cycle. This is especially true if you have a lot of debt. Focusing on paying off debt is key to ending the cycle. However, if a new, surprise expense pops up out of no-where what can you do, other than pay for it with credit? If you’re up to your eyeballsContinue reading “Keep an Emergency Fund to Stay Out of Debt”

Do You Really Need a Brand New Car?

No. A brand new car is a nice luxury that most yearn for, including myself. I can easily finance a new car, but since my focus is to be financially independent, I will not. What does a brand new car cost you? If you can pay cash, which you should if you can afford itContinue reading “Do You Really Need a Brand New Car?”

Cooking with FIRE. 15 ways to reduce your grocery budget

Groceries budgets can vary vastly depending on the type of food you purchase. If you are looking to reduce this budget item, you might be surprised how easy you can lower it. I budget $350/month for 2 adults for our groceries and most of the time, we are under budget. Cutting your grocery bill inContinue reading “Cooking with FIRE. 15 ways to reduce your grocery budget”

How ReFinancing Can Help You FIRE

Refinancing your mortgage is a quick way to save extra cash through interest savings. You can also benefit from a lower payment as well, allowing to save more money each month. How much can refinancing really save you? Your savings could be ten of thousands of dollars throughout the life of your loan. Here’s aContinue reading “How ReFinancing Can Help You FIRE”

Budgeting to Help you FIRE

If you live on a fixed income, budgeting your monthly expenses will help you FIRE earlier. Many financially independent people, attest that budgeting helped them reach their goals and allowed them to retire earlier. Knowing where your money is going is half the battle. If you know where your money is going each month, youContinue reading “Budgeting to Help you FIRE”

How to Calculate Your Savings Rate & Help You FIRE Sooner

Your savings rate is a very important aspect of FIRE. The more money you save, the less you spend, and the faster you retire and become financially independent. With the below simple formula, you can calculate your savings rate too! The Simple Math Savings Rate = Savings/(Gross Income – Taxes) I will calculate my savingsContinue reading “How to Calculate Your Savings Rate & Help You FIRE Sooner”

Introduction- Retire Early & Financial Independence Goals

This post describes my background and goals. Everyone’s goals are different. If you want to retire early, when do you want to retire and how much money will you need? Write it down. That’s what I am doing. Hello and welcome to my first blog post! If you are still reading by my first sentence,Continue reading “Introduction- Retire Early & Financial Independence Goals”

12 Financial Lessons from my Parents and my Background

Learn from your parent’s financial mishaps, don’t follow. I want to start by writing that I love my parents very much. They taught me many great lessons as they raised me,  but they have not made the best financial decisions.  Both Mom and Dad have high school diplomas. My dad worked labor at a SteelContinue reading “12 Financial Lessons from my Parents and my Background”