Living Below Your Means by Expanding Them
No matter how you go about building wealth, there is one rule that everyone must live by, and that is to live below your means. Simply put, income must exceed outgo if you want to build wealth. In this post, I outline how you can live below your means by expanding those means…no austerity or living like a college student here.
Monthly Goal Check-in #6 – @ 7/1/2016
As I write this monthly goal check-in we are officially 183 days into 2016 (or ~50% complete). Most people started the year off strong with their New Year’s resolutions for 2016. Well, at least the 45% of people who actually set New Year’s resolutions (US based statistics). The low participation rate isn’t even the worst […]
Equity Portfolio Update #3 [+11.7% YTD @ 6-30-16]
We have officially closed out half the year, thus the need for another peek into the equity portfolio. As many of you know that have been reading for any length of time, every month I put together a very detailed financial report that details out gross income, expenses, net worth, savings rate, and progress on […]
June 2016 – Detailed Financial Report #18 – Net Worth $399,946 [+25.9% for 2016 YTD]
GYFG here checking in for the June monthly financial report. If you have been reading these reports for a while you will notice that I introduce each month with the same intro month after month. I do this for two reasons; a) for the newbies to the site (which make up about 50% of the sites […]
Mutual Funds Are Stealing Your Money
The other day I was talking with a friend about saving and investing (my favorite conversation). This friend of mine, Jamie, was trying to wrap her arms around her companies 401K and its investment offerings. Jamie wants to start contributing to her 401K to save for retirement and get the company match, but remembered a conversation […]
Putting the Mortgage to Bed – Year 2 of 7 [UPDATE]
It has been 13 months since devising our plan to pay our mortgage off in 7 years or less. I won’t rehash the entire post again, but let me give you a brief synopsis of how and why this goal came to be: We purchased our house for $370K in 2014 with an original loan of […]
