Well well, 7 months along. Welcome to the monthly report! Considering it takes most people YEARS to reach FIRE, I’m doing okay I guess. I realize that I need to set some serious FIRE goals to allow myself to better measure success. I’d appreciate knowing what kind of goals you set for yourself financially? I do have a goal to pay all debt except Mortgage by June of 2020 (Which I’m secretly planning to beat). However I’m toying with the idea of setting specific goals for monthly expenses, income increases, savings rate, etc. Continue reading “Month 7 FIRE Report – April 2019”
Welcome to the February Monthly FIRE Report! Yes, I realize it’s almost April. Yes, I realize I’ve been slacking on my FIRE efforts. YES I AM GOING TO DO BETTER! Yes, I will stop starting sentences with the word “yes”. Continue reading “Month 5 FIRE Report – February 2019”
Today I had a long conversation with Hubs. He wants to increase our allowances for a hobby he enjoys. It requires us to find $186 a month to increase both of our allowances by $93. Continue reading “When your priorities don’t align”
Since I didn’t post a for December (not a great month, financially-speaking), I’m getting back on the bandwagon of monthly recaps in my efforts to achieve FIRE! Here are the stats for January 2019 FIRE – Month 4. Eventually I want to get to a point where I can accurately predict when I can be FI. That said, until I get expenses completely under control, Hubs on board, and a clear, shared direction for the future, I don’t feel comfortable saying I can be FI in X number of years. That will be a goal for end of 2019. Continue reading “Month 4 of FIRE – Status Report”
Hello 2 blog readers!
Sorry for the very long delay between blog posts. The holiday season has really taken over all of my free time…funny enough many of my free blocks of time are disappearing without things being crossed off the list. Not SURE what’s going on there. Anyhoo, I want to continue with FIRE status reports, since that is the reason I’m doing this blog…to keep myself in check! Continue reading “2 Months of FIRE – Status Report”
Guys. I was listening to the ChooseFI podcast last night.
A recurring theme is “How much you need to save monthly or annually to achieve financial independence”. The amount that is continually thrown around is 50% of your income. Which, unless we sell our house, cars, and start riding bicycles to work, isn’t going to happen. Continue reading “Financial Independence – Is it doable for me?”
If you’ve been following along, you know that FIRE stands for “Financial Independence, Retire Early.” It’s fine to just throw the term around, and make cutesy FIRE-related puns like “I’m all FIREd up!” and…I’ll spare you the rest. Continue reading “FIRE – What does it REALLY mean?”