Make Some, Save & Invest, Live on the Rest
Many, if not most, people on the path to Financial Independence (FI) ultimately adopt the frugality mindset to reach their FI goal.
During this time, the focus is on accumulating enough assets (or passive income) to have the option of not working for money to support your chosen lifestyle. At that point one has reached Financial Independence. Continue Reading →
Frankly, we did – guilty as charged. Many of you may already know what Lifestyle Creep is. For those who don’t, it’s when your standard of living keeps pace with (or potentially exceeds) any increase in your household income. A funny thing happened on our way toward financial independence. After my wife and I finished paying off all of our debt, we did as planned. The extra money no longer going toward debt repayment was put towards savings. And this Continue Reading →