I opened my first bank account at a small local bank as a junior in high school, primarily as a place to deposit paychecks from my first “official” job. I started religiously saving every receipt and at the end of the month I would write down every transaction by hand in the ledger. Later when I was working during college I closed this account and opened one with a more prominent bank with a debit card and access to ATMs….
It costs us less to own and operate three cars than it would to own and operate two cars. Yep, you read that right. If you’re surprised, then join the club. I was very surprised at the time that I figured this out. Before we delve into explaining our transition to our current automobile scenario, let’s start at the beginning. A Common American Car Story I didn’t learn how to drive until I was 17, this was due in most…
So we went over how we plan on reaching financial independence but we have yet to explain why we want to be financially independent. The retort that I get from many of my peers when I mention anything about our plans is “Even if that works out for you, what are you going to do all day?” or “Well I personally enjoy working, I will probably work until I am 75 or so” Both of these are valid arguments depending…
Before we get too deep into the trenches here, I will readily admit that there is no one size fits all answer for “Will solar panels save me money”? The best way to find out if a photovoltaic system can work for your property is to have some installers come out and do quotes. But here are some quick guidelines: Do you have trees shading your house that you can’t or don’t want to remove? Do you lack one continuous…
Our strategy to reach financial independence is actually very simple – reduce our expenses, increase our income, and invest the surplus. I could go into detail for hours about each of these, but I will try to touch on each of them in brief here. Reducing Expenses Cutting costs is the most important part of our strategy. This is because it possesses the ability to stand on its own in terms of affecting life changes. Reducing expenses not only cuts…
Walk into any conversation about cord-cutting, switching energy suppliers, or heck, even fuel-efficient cars and you will always find one person saying something along the lines of “Oh but that’s such a small amount, that won’t really make a difference”. One of the biggest obstacles to people changing their behaviors is the belief that the reward won’t be big enough to justify what is perceived as a sacrifice. I am here to dispel that myth. The first and very most…
