lifestyle

Six-Figure Incomes and Going Broke?

09.10.2014
Six-Figure incomes and Broke?

Oh my goodness, have you seen this article at WSJ – Six-Figure Incomes and Facing Financial Ruin? It’s ridiculous. If you’re making a 6 figure income, it’s probably your own fault that you’re facing financial ruin. Well, barring medical problems, that is. That can ruin anyone. Here is the featured spender – Ms. Flores, 40 years old and lives in Oceanside, CA. She was earning more than $200,00 per year, but ran up $300,000 in credit card debt! This wasn’t her first brush with credit card debt either, she filed bankruptcy in 2005 after incurring about $500,000. How did she […]

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8 Tips to Help You Live Within Your Means

08.29.2014
8 Tips to Help You Live Within Your Means

The first step to financial independence is to live within your means. To me, that automatically means living frugally, but that’s just how I think. My family struggled financially when I was growing up so I default to saving first. When I first started working, I lived modestly and saved what I could. I lived within my means, but I think I probably could have done better knowing what I know now. What would I tell my 21 year old self? Let’s see… Track your income and expenses When I was in my 20s, I never tracked my income and […]

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Small Decisions With Big Financial Effect Down The Road

02.17.2014
small decisions big financial impact down the road consequences

It’s funny when you look back at your personal finances over time. A little decision 20 years ago can make a huge difference in your financial situation today. At 40, I’m still a little young to go back much. However, I think it will be valuable to our millennial readers and I would love some feedback from our older readers as well. We call all learn from each other’s successes and missteps. First of all, we have been extremely lucky. Our finance has been on a steady upward progression since we finished college except for a few down years along […]

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Some Lifestyle Inflation is Inevitable

12.11.2013
Some Lifestyle Inflation is Inevitable

I truly believe the most important factor of early retirement is the ability to save a large percentage of your income early on. To do this, we need to keep lifestyle inflation down to a minimum. Just think back to when you first graduated from college. You didn’t need to spend a lot of money and life was good. As we get older, we take on mortgages, new car payments, and have children. Life inevitably becomes more expensive. Most families spend all their income because they got caught up in the consumerism lifestyle. As they make more money, they also […]

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