Panama Vacation Booked… Check!!

Panama Vacation Booked… Check!!

Well, we’re making it happen… we just finished booking our Panama vacation. I’ve heard all kinds of good things about the country for retirees and it’s really peaked my interest… enough so that we’ve been digging into the idea for quite a while now. We’ve learned quite a bit more about the country since I wrote my post “Is Panama the Right Place to Retire?“ a year and a half ago. We’ve been reading everything we can find out about the country and I talked to someone who lives there to get some feedback as well. Through our digging, we now have a better idea of the geography and the places that seem intriguing to live.  We also have a somewhat better understanding

2017 Personal and Financial Goals

2017 Personal and Financial Goals

Disclosure: This post contains affiliate links and we may receive a referral fee (at no extra cost to you) if you sign up or purchase products or services mentioned.Well, it’s 2017, which means it’s time to take stock of how your previous year went, but more importantly, you should set your sights to the future and get your personal and financial goals put in place for the year. Here are my plans for the year… My 2017 Financial Goals   Buy another rental property Buying rental property is an important stream of passive income that I’m working on building.  Currently, we own a couple of rental properties – a single-family house and a duplex.  They’re both filled and the duplex brings in a much better

Year-End Review

Year-End Review

Disclosure: This post contains affiliate links and we may receive a referral fee (at no extra cost to you) if you sign up or purchase products or services mentioned.Well, this is it – the last post of the year.  I hope all of you had a great holiday and are looking forward to the new year!  I thought this would be a good time to do a year-end review and look back at what I got accomplished throughout the year (and what I didn’t!). Let’s start with the 8 Financial Goals we had set at the beginning of the year for ourselves… 1) Build back up our online savings After the 25% we put down on the duplex we bought at

The Line Between Frugality and Deprivation

The Line Between Frugality and Deprivation

The Line Between Frugality and Deprivation A lot of people on the quest for financial independence aim to trim their expenses.  This works great… until it doesn’t.  Sometimes the line between frugality and deprivation becomes blurred.  It’s possible to cut your expenses too much where you can make yourself miserable. I was listening to a great podcast that the Mad Fientist put together from a Q&A at Camp Mustache which had Pete aka Mr. Money Mustache, Paula Pant from Afford Anything, Doug Nordman from The Military Guide, and, of course, Brandon the Mad Fientist. An interesting topic was discussed regarding that line between frugality and deprivation that I thought would be worth discussing.  The subject of motivation in relation to the quest for financial independence came up and

What’s Your Post-Retirement Multiplier?

What’s Your Post-Retirement Multiplier?

You’re reading this article, so you obviously care about your finances.  Hopefully, you’re on track with your money or working toward that goal.  Getting out of debt, saving and investing have been beaten into you by every financial outlet in the world. Maybe you’re even on the path to financial independence or early retirement.  But have you taken the time to figure out what you need by looking at your post-retirement multiplier?   What is a Post-Retirement Multiplier? When I talk about your post-retirement multiplier, I’m referring specifically to a number – the amount of your current expenses as compared to your post-retirement expenses. It might be 0.75 or it might be 1.5, but it’s an important number to be aware of when planning

Downsize My House to Quit My Job Sooner?

Downsize My House to Quit My Job Sooner?

Disclosure: This post contains affiliate links and we may receive a referral fee (at no extra cost to you) if you sign up or purchase products or services mentioned.My wife and I are very happy with our neighborhood – we like where we live, we like our neighbors, and the schools are good. But I recently had a thought… the only thing holding me back from reaching FI (financial independence) is the dollars owed on my mortgage.  Granted, I’ll reach FI before the mortgage is completely paid off, but for my plan to work, those extra payments for a couple of years will make things a little tight.  So, here was my thought… What if I downsize my home? Look, a lot