Saving

The HSA Benefits Just Keep Rolling In

8 Comments / Financial Independence / Retire Early (FIRE), Health and Fitness, Investments, Saving / /

I’ve written about Health Savings Accounts (HSA) before and how they are one the best retirement plans you can get your hands on.  In fact, it might be THE best account out there.  I thought I knew all the HSA benefits I could get out of this account, but in this post, I’ll tell you about a new one I learned about. If you’re not familiar with an HSA, it’s a medical savings account that’s paired with a high-deductible medical […]

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What I’m Doing With My Money Right Now

6 Comments / Saving, Financial Independence / Retire Early (FIRE), General Thoughts, Investments, Real Estate / /

I’m pretty excited to see that our net worth has grown over $70,000 in just three months since I wrote the post $1 Million Net Worth… Now What?.  It’s great to see my money continuing to grow, but there’s still a downside to it. Most of the money is tied up in the stock market right now and it’s a bull market right now. No one has a crystal ball to tell us if this is only the beginning.  The

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It Doesn't Matter, So Stop It!

It Doesn’t Matter, So Stop It!

14 Comments / Financial Independence / Retire Early (FIRE), Motivation, Saving, Spending / /

In general, we seem to have a tendency to focus a lot of our time and money on the things that don’t really matter.  It’s time to stop it and instead concentrate on what does matter… So far this summer we’ve taken a fantastic trip to Panama and spent a few days at a cottage on Kelleys Island on Lake Erie.  We’re starting to pack for a week-long vacation trip to Tennessee we have coming up in the next couple

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Why I Like Overdrawing My Checking Account

Why I Like Overdrawing My Checking Account

14 Comments / Saving, Debt, Financial Independence / Retire Early (FIRE), Investments / /

Once upon I time, a young man we’ll randomly call “Jim” was in college and barely had a dollar to his name… Ok, fine – that young man was me – dang it, you ruin everything!  Anyway, like a good number of college students, overdrawing my checking account wasn’t too uncommon. In fact, it actually wasn’t uncommon for me to blow out my balance on a periodic basis for a year or so after graduating college as well. Eventually, though, I started to

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2017 Personal and Financial Goals

2017 Personal and Financial Goals

14 Comments / General Thoughts, Financial Independence / Retire Early (FIRE), Health and Fitness, Investments, Motivation, Real Estate, Saving, Travel and Vacation / /

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

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Saving for Kids - Thoughts to Consider

Saving for Kids – Thoughts to Consider

10 Comments / Kids, Investments, Saving / /

When it comes to saving for kids, there are a ton of different options out there.  Should you start a separate account for them somewhere and if so where? Mrs. R2R and I have a 6-year-old daughter and we’re starting to think through this whole problem right now. Here’s what we’ve figured out so far…   First things first Before you do anything for your kids, you need to make sure to get your own finances in order.  If you have

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Year End Review

Year-End Review

14 Comments / General Thoughts, Debt, Education, Financial Independence / Retire Early (FIRE), Investments, Real Estate, Saving, Spending / /

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

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Year End Review - Year End Bonus

What’s Your Post-Retirement Multiplier?

14 Comments / Financial Independence / Retire Early (FIRE), Saving, Spending / /

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,

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It's All About the Expenses...

It’s All About the Expenses…

22 Comments / Spending, Debt, Financial Independence / Retire Early (FIRE), Saving / /

You’re doing your best to get yourself on the right track with your finances.  You’re working your way out of debt and have turned your eye toward reaching financial independence.  But the media wants you to focus on the money you have coming in.  I want you to focus on your expenses instead. First of all, know that your income is important – no doubt about it.  In my article The Steps to Wealth, the first thing I talk about is getting a

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With Multiple Income Streams Comes Great Power!!

With Multiple Income Streams Comes Great Power!!

20 Comments / Motivation, Financial Independence / Retire Early (FIRE), Investments, Real Estate, Saving, Self-Employment / /

I thought today we’d talk about little bit about how having multiple income streams can help to fortify your wealth as you continue your path toward financial independence. From the time I was six years old, my mom raised my brother and I as a single mom and did a pretty good job if I do say so myself! 🙂 One of the things I remember as a kid was that we each had our own savings account at an old savings and

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