Category: Money

Quarterly Newsletter (Q2 2019)

[Editor’s Note: This is an independent post written by Jack. This post discusses our savings rate and expenditures for Quarter 2 (April – June) of 2019. This post may contain affiliate links. Please read our disclosure for more info.] One of our major goals for 2019 (discussed in our Written Financial Plan) is to save at…

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The Real Reason For TeachFI.com

I haven’t been completely upfront in our motivations for Jack and I starting this blog. Yes, we want this blog to serve as a motivator to continue on our journey during the difficult times that surely are ahead.  Yes, we hope that our site traffic hits a high level so we know our story is helping people.  And, yes, we want you to see that living this journey to Financial Independence (FI) can work for anyone.

Here’s the real reason we started TeachFI.com…

Un-FI-Friendly, But Totally Necessary Purchase

I’ve been all-in for the FI (Financial Independence) movement for two years.  We have achieved a lot in that time including paying off $50,000 in student loans in 1 year, which I hope to post our strategies this summer for you to read. We have moved our lifestyle towards minimalism and will be doing so even more in the near future (another post I hope to publish this summer). We have achieved a lot in these last two years and have even bigger goals and plans moving forward.

In addition, we fight hard for our lives to be simple even though we stretch ourselves too thin by saying yes to too many things at once.  In fact, my wife just started reading The Best Yes: Making Wise Decisions in the Midst of Endless Demands. She has taken away so much great information, and she just started the book.

But here’s the thing…

How To Pay Off Your Debt…FAST!

When I was in my 20’s, I didn’t mind debt.  I liked stuff more than I disliked debt. Want to buy a house? Get a mortgage. Want to buy a beautiful, but way too big (and expensive) diamond ring for the further wife? Finance it. Want to buy a car or two? Get a car loan (or two). Want to get new furniture? Finance it. Want to go on the vacation of a lifetime? Refinance your mortgage or get a second mortgage. It didn’t matter what it was, I was willing to finance it.

Here’s a secret that we don’t tell too many people and I’m actually embarrassed as I type it…

6 Things To Shop Around For When Buying A Home

My wife and I just bought our first home together! Those of you that have already gone through the process before understand that buying a home can be quite a learning experience. I actually bought and sold one home before this joint purchase, and I learned quite a lot between my first and second home…

Why you should stop buying NEW stuff!

To be clear, we are not saying to stop buying stuff. Contrary to popular belief, Financial Independence does not mean you have to stop spending entirely or even allocate every penny toward retirement. Instead, we believe in becoming more intentional about our purchases, spending on things that will bring true value to our life. As…

5 Fun and Inexpensive Hobbies To Try This Summer

I am a teacher with seven weeks of school left until summer and I am definitely ready for a break. I have a lot of great professional development planned and I also have some relaxing trips to enjoy.  Additionally, I’m a father of a 4-year old who will be attending summer school which will leave some much needed ME time.

Hey, it’s kind of like a math equation: summer break + son in summer school + wife still working = hobby time for me.

Video Tutorial: A Deep Dive Into Our Portfolio Spreadsheet

[Editor’s Note: This is an independent post written by Jack. This post may contain affiliate links. Please read our disclosure for more info.] A few weeks ago I shared a post discussing our Retirement Portfolio and the Spreadsheet we use to track and rebalance our portfolio. Today’s post contains the promised follow-up video tutorial, which includes some…

Not Spending Is Hard!

The weather is finally turning and I love it!  It was a long winter with so much snow and finally we’ve been having some warmer days full of sunshine.  The older I get, the less I enjoy the snow; ugh!

With warmer weather comes the feeling of wanting to go out and do more and spend more.  That’s not good for our budget so we work hard to control our tendencies and emotions to ensure we don’t break our budget.  If I had so much money that I never needed to work again and needed to figure out a way to spend all of my money, here are the things that I would buy right now (I included links so you can see what I would want):