Frugality, The New Generation’s Interest
I’ll admit, I’m frugal. Read this carefully, I’m not cheap. I tip well. I will buy high quality items when there’s a need. I will pay for other people’s food when hosting a BBQ. I will offer someone a...
View ArticleGoldeneer’s Hierarchy Of Wealth – Fallacy Of Saving
Goldeneer has developed a hierarchy model to build wealth in order to simplify the wealth building ladder. This model is based on frugality, savings, investments, leverage and shows us that wealth...
View ArticleMost People Don’t Get It (Wealth That Is)
Why is it that the majority of the population dreams to get rich but never do. Why is it that university educated people may spend 10+ years struggling to repay their student loans and never see the...
View ArticleBucketlist And Frugal Lifestyle
Lists are one of the tools I use regularly in my life. I follow a list everyday of items I need to take care of. Lists allow me to keep a record of my to-do list so I don’t have to worry about missing...
View ArticleRich Enough For Charity
Being charitable is an important value to me. I regularly give to charity in order to make my world a better place. Deciding how much and when to give was more difficult to achieve, especially when I...
View ArticleTwo Years Before Your Startup
You have it in you. You’re an entrepreneur at heart and it is only a matter of time before you start your company. Now is the time to prepare. I knew I was going to start a company when I was in...
View ArticleDebt Repaid, Now What
Repaying credit card and student loan debt aggressively is hard work but it becomes addictive after a month or two. You get into the habit of restricting frivolous expenses and this becomes comforting...
View ArticleFrugality Sacrifices – Part 1
In order to achieve a higher savings rate, I gave up a few vices to be even more frugal. Frugality is a journey. Frugality goes up and down depending on my life circumstances and there are always areas...
View ArticleMarried With An Allowance
Everyone has their own values when it comes to marriage. Some decide to share expenses and the remainder of each spouse’s paycheck is their own. Others share all income or none at all. Marriage and...
View ArticleFrugality Sacrifices – Part 2
In order to achieve a higher savings rate, I gave up a few vices to be even more frugal. Frugality is a journey. Frugality goes up and down depending on my life circumstances and there are always areas...
View ArticleExperiences Same As Consumer Goods
There has been a trend in personal finance blogosphere to discourage spending in consumer products and instead increase the experience fund. Many bloggers justify these experiences while talking down...
View Article2013 Goals
Last year was a successful year. Mr Cannes and I have reached financial independence from our rental income. I reduced several recurring payments including lowering vehicle insurance, house insurance...
View ArticleRetirement Same For Young And Old
It amazes me the response of peers when I share my story of Mr. Cannes and I retiring within the next 5 years. Many times I don’t get much of a response and assume my peer simply does not believe it...
View ArticleHow To Have A Frugal Wedding
The average US wedding cost in 2012 was over $27 000. What does $27 000 get you? For most bride and groom, it gets them a stressful day, little face time with their guests, wedding bands and an exotic...
View ArticleDon’t Pay Later
A family member recently advised me that I should buy a washer and dryer on a “Pay Later” plan. She claimed that it would be a very smart thing to do as I can put the equivalent amount of cash, which I...
View ArticleCalculating Required Retirement Income
Project your retirement expenses based on current or future lifestyle and not on your current income. Most advisers recommend planning a retirement income of 70% of your salary. If one is to live very...
View Article3 Money Rules
Some money behavior fascinate me such as the person who has $8000 in their savings account but carry a $2000 credit card balance. Give up cable if you have credit card debt Credit card debt is an...
View ArticleReal Estate License For Investors
Getting a real estate license in order to sell houses as a career is one option. What do you do when you are a real estate investor and you are buying/selling a lot of properties? Giving away a 2.5%...
View ArticleFinancial Independence Definition
There are many definitions of financial independence around the web. Some define financial independence as being on your own without the support of family and having a job that covers your expenses. In...
View ArticleTime Required To Manage Rental Properties
For 5 years, Mr. Cannes and I have been managing our own rental properties. People tend to think that managing properties take a lot of time, sometimes as much as a full time job. We manage 6 rental...
View Article
