In the next few weeks, I’ll be traveling to Colorado. My plan is to get a sense of the rental property business there and visit with family members. In the four years we’ve lived in Sedona, I have made this 1,400-mile round trip using a few different approaches—various combinations of driving a car, taking a […]
Budget
Step 4: Test drive living on less income
This article is the fourth in a series of seven that will discuss our approach to reaching financial independence, and determining key criteria for success. If you have not already read the third step covering replacement costs, please take a minute to visit that post. This article will discuss the reasons you should test-drive living […]
Step 3: Take Into Account Replacement Costs for Big-ticket Items
This article is the third in a series of seven that will discuss our approach to reaching financial independence, and determining key criteria for success. If you have not already read the second step covering passive income, please take a minute to visit that post. This article will discuss why you should calculate replacement and […]
Welcome new readers and subscribers
Welcome new readers and subscribers! My recent guest post on the 7 Phases of Retirement over at Retire by 40 last week piqued interest in our personal journey to financial independence. Many of Joe’s readers visited this site and subscribed to receive future posts. Thank you. We would like to extend a warm welcome to our new […]
Step 1: Budget for Financial Independence
In books on personal finance, the chapters are typically organized in a fashion that takes an overarching, holistic approach to the financial aspects of your life. The authors describe how each concept—determining your net worth, creating a budget, having insurance, planning for taxes, creating a will, and the hundred other things we should be doing—relates […]