Why I Seek Financial Independence

Financial Independence

If you are reading this blog, chances are you are seeking financial independence. And everyone has a different definition of what financial independence means to them, and why they seek it. In today’s post, I wanted to discuss the what, why and how of financial independence, as well as share with you some insight about my background and motivations for seeking a lifestyle that will allow me to achieve the FIRE (Financial Independence Retire Early) lifestyle. Let’s start with what financial independence means to me. Also, I should point out that this post may contain affiliate links.  What Does Financial […]

How to Budget With Irregular Income

How To Budget With Irregular Income

How to budget with irregular income has been a question I’ve been asking myself for YEARS. I’ve been self-employed almost exclusively since 2005 and dealing with variable or irregular income, and how to account for it from month to month, has been a constant thorn in my side. Part of me wants to just suck it up and go get a job at a firm with a regular paycheck. Having a set amount of income each month would be a whole lot easier than the queasy stomachs I get at the start of each month, not knowing how I will […]

My YNAB Review – Using YNAB To Get Our Budget Under Control

YNAB Review

Many of you have probably heard of YNAB. Also known as “You Need a Budget“, this is a software program that will help you to get your finances under control and keep them under control… so long as you follow their rules. After using the software for several years, I felt it appropriate to post this YNAB Review. My Wife and I have been “using” YNAB for the past several years to help manage our personal finances. By “using” I mean entering transactions and monitoring cash flow. We barely looked at the budgeting part of the software, which meant that developing […]

The Ultimate Side Hustle… Starting a Blog?

The ultimate side hustle is, without a doubt, starting a blog. Whether you are a millennial who hates the thought of working for corporate America for 40 years, a stay at home Mom (or Dad) looking to generate some grocery money for your family, or just a burnt out lawyer trying to find a different way to support his family, starting a blog as a side hustle has become mainstream. And it’s easy to see why starting a blog is so popular. There are far worse ways to make extra cash – not all of them legal. And with more and more […]

5 Things I Learned From My Amazon FBA Business

Amazon FBA

I’m an entrepreneur at heart, and so it was no surprise to my Wife when I started an Amazon FBA business several years ago. What is an “Amazon FBA” Business? FBA is short for “fulfilled by Amazon”. What this means is that you purchase or “source” physical products, send them into an Amazon warehouse, and Amazon sells them for you. Amazon also ships the products, manages returns and refunds, takes payment, etc. All you have to do is promote your products and receive a deposit from Amazon every two weeks. This is a GROSS oversimplification of the process, but you get […]

How to Pay Off Debt, The Ultimate Guide

how to pay off debt

Are you in so much debt that you feel like you are drowning and don’t know where to start? The purpose of this post is to show you how to pay off debt fast, and then keep it gone forever. Earlier this month I shared my very first financial snapshot, and it showed a couple of things that were extremely eye-opening for me. First and foremost, we have a lot of debt, $198,458 worth, to be exact. This isn’t all “bad” debt. In fact, the vast majority of our debt is in student loans and a very small car loan. […]

Budgeting for Irregular Expenses

budget for irregular expenses

There you are, living your life, budgeting your spending, getting your shit under control and then… bam. It hits you like a ton of bricks. And no, I’m not talking about actual bricks. I’m talking about a bill (let’s call it an irregular expense) that only comes around every 6 or 12 months that you completely forgot about. So now what? Your budget is clearly busted. How do you budget for irregular expenses? What Constitutes an Irregular Expense? Before we discuss how to budget for irregular expenses, let’s take a step back and define what an irregular expense is in […]

Get Out of Debt or Invest? Can I Do Both?

paying off debt

Yesterday, I wrote a post describing our families’ current financial picture and explaining our goals to get out of debt and to start pushing forward towards financial freedom. One of the main struggles I have with paying off debt is making sure that we are covered financially if I have a bad month at work (I’m self-employed, so my income varies from month to month), or if we have an unexpected expense (as we did this month when our cat got cancer). In other words, how can we afford to put this huge payment on our debt if we have […]

Our Financial Snapshot for June 30, 2017 – Where We Stand Financially

financial snapshot

I’m just a couple weeks into this website and now is the moment of truth. I have decided to come clean about our own finances and where we stand financially. Since June 2017 was the first month for this blog, I’ll give you a snapshot of where we stand, and then list our goals for the next several months and years. But first, let me tell you a little about me personally. I’m a 41-year-old Father and Husband. My wife and I have 3 children, ages 7, 5, and 3. It’s a crazy household, to say the least. We live […]

How to Start Investing When You Don’t Have Any Money

how to start investing

I remember when I was a child and I first started to learn about investing. I was probably in middle school and we had a stock picking contest. Back then, you would find the closing price of a stock in the newspaper from the day before. No stock charts. No research. Just a price and the volume of the stock that was traded that day. I remember that I picked Coca-Cola as my stock (KO). While I’m sure Coke has done fantastic since the 80’s, (it’s returned about 10% per year on average), I can’t remember that I won that […]