We’re All on the Same Journey

We’re All on the Same Journey

The journey to FIRE can be an arduous path. Sometimes I struggle with the content I want to put on this blog.  It’s not due to a lack of ideas, but rather a matter of wondering if the reader can relate. Some of you are just starting to get interested in the idea of financial independence.  Perhaps you’re saddled with debt, but know there’s got to be a way out. Others of you are in your wealth-building stage of your life and you’re working on banking whatever you can. And then there are some of you who have already reached retirement – whether it be early or not. Finally, there is a group of you who have not only reached

The Roth IRA Conversion Ladder Dilemma

The Roth IRA Conversion Ladder Dilemma

I’ve been a bit moody the past couple of weeks.  I’ve been focusing a lot on trying to pinpoint our exact retirement date and I’ve been struggling.  The problem all stems with the Roth IRA Conversion Ladder we plan to do. First off, if you’re on the path to FIRE (Financial Independence/Retire Early) and you’re not familiar with how a Roth IRA Conversion Ladder works, this could be important to you. It’s not the end-all-be-all solution, but the ladder is a method that many early retirees are able to use to make FIRE actually happen. You see, normally you don’t have access to your traditional 401(k) and other retirement accounts until 59½.  This is a problem for young whippersnappers trying

What to Do with Your Money Right Now

What to Do with Your Money Right Now

We’re in an interesting cycle of the economy right now.  Things are looking good, which helps boost the value of your money.  When it comes to investments, stock prices and property values are generally up. And if you’re selling, that’s a good thing.  Retirees and folks selling their houses or some of their stock investments are partying it up during these times. However, if you’re still in the wealth-building phase of your life, this isn’t as exciting.  Sure, it makes your portfolio look good, but if you don’t need the money right now, it’s taking its toll on your buying power. Using your money to buy new shares in the stock market is expensive right now.  Expensive is a subjective word,

Backpacking Trip… Cross It Off the Bucket List!

Backpacking Trip… Cross It Off the Bucket List!

I’m no Mrs. ONL when it comes to the outdoors, but I do enjoy some outdoor time when I can find it.  And there’s been one adventure that’s been on my bucket list for quite some time now. I love camping and enjoy the idea of some of the disaster preparation and survival shows.  So why not combine the two with a backpacking trip for a couple nights? This trip has been in the making for a few years.  Every year though, it seemed to fall apart for one reason or another… until this year. I went with a buddy of mine.  I thought about calling him by his first name in this post, but then I decided that might not

Property Management Companies – Why I’m Firing Mine

Property Management Companies – Why I’m Firing Mine

Ah, property management companies – the answer to anyone wanting to get into real estate without the headaches, right? The thought makes sense.  Rental properties are a great way to help diversify your investment portfolio and earn a solid cash flow. The only problem… managing the properties. Now, some folks like the idea of running the operation and handling any repairs themselves.  The good news is that they tend to make more money on their properties every month since they’re doing all the work. However, not all of us want to do this.  The other side of the coin has the masses that just want the investment for the returns it can provide. These folks want someone else to handle

The 10 Commandments for Kids and Money

The 10 Commandments for Kids and Money

When it comes to kids and money, we all want to ensure that they’ve got the greatest chance to succeed in life. We can push our kids to be smart and learn in school.  We can teach them to be good to other kids and to share. We can help them to understand that they should respect others.  We can show them good manners and how to be polite. But what about the money side of the formula?  Isn’t that important? I spend a lot of my time staring at Quicken and Personal Capital trying to plan for financial independence and early retirement. I feel very blessed that we’re in a solid position to make this happen. However, another part