When I started to get a little more serious about reaching financial independence a few years ago, I started dipping my toes into different ideas as I learned more about them. One of those ideas was to start investing in dividend stocks. Dividend stocks are great because you don’t usually focus as much on appreciation as you do on the regular payoffs you get from the stock. That means passive income, which is something we all know and I love. I […]
The Route to Retire blog was born in the spring of 2015. I had a pretty good idea of the game plan for the site, but it’s definitely continued to morph into something more as I continue on the path for financial independence. There are a number of reasons I first started this site: Sharing my own financial knowledge Accountability Documenting my journey Learning from others Blogging for money Sharing my own financial knowledge The biggest reason I started
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
With Multiple Income Streams Comes Great Power!! Read More »
This post is a lot different from the regular ones you’re used to with me. I recently had a moment of reflection and wanted to share it with you… I continue to read everything I can get my hands on to help expand my knowledge and better both my life and that of my family. I’m currently reading Dale Carnegie’s How to Win Friends & Influence People. Yes, it’s a classic and I should have read it years ago, but I’m only
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
There are a lot of personal finance sites on the Internet. Although there are really only a handful of real topics out there (i.e. spending, saving, investing, taxes, etc.), what helps attract readers is the author’s take on the various subjects. One thing I noticed on most of my cohort sites out there is the focus on budgeting. So here’s a unique perspective… I’ve never budgeted. That’s right. I’m probably in the minority, but I’ve never set a budget for
There’s been something that’s been eating at me for a couple of months now. The stock market seems too bloated right now and I’m thinking about moving my money out of it. No, no – I’m not trying to be the guy timing the market. I just think I should move the money in my 401(k) to cash for a little bit and when the market crashes, I’ll be able to buy again at much lower prices. My 401(k) would
We’ve all seen ’em… the infomercials telling you that YOU can be rich by just following a few simple steps to buying real estate with no money down. Think of it – none of your money is involved and soon enough you’ll be retired, sitting on the beach with an endless supply of piña coladas being served to you day and night. Easy money… it’s that simple!! Wait – what?! Who buys this crap anyway?? I do. Well ok, I
I spend a lot of my time every day focusing on my path to financial independence. I have a game plan that I feel even more confident about now that I got a second opinion. But that doesn’t stop me from looking for ways to expedite the process. I’m constantly educating myself by listening to podcasts relating to personal finance and real estate. And I’m reading every book I can get my hands on related to those topics as well as closely
Why is Financial Independence Such an Uphill Battle? Read More »
For most of us in a first-world country, it’s almost natural in an unsettling way for us to accumulate crap. Not only do we have junk we don’t need (although we think we do when we buy it), we also spend money needlessly on things we think will simplify our lives. The problem is that most of the time we buy something – be it a product or a service – with the intent of it making life easier or better,
