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…
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.
[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…
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):
[Editor’s Note: This is an independent post written by Jack. This post discusses our savings rate and major expenses for Quarter 1 (January – March) 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…
BHAG stands for Big Hairy Audacious Goal. According to Wikipedia, a Big Hairy Audacious Goal can be described as a strategic business statement similar to a vision statement which is created to focus an organization on a single medium- to long-term organization-wide goal which is audacious, likely to be externally questionable, but not internally regarded as impossible.
While the Wikipedia definition is targeted towards an organization, I like to think a BHAG can be used when setting personal goals as well.
We’re teachers and we know being an educator is hard work. It takes a lot of time to plan awesome lessons, teach with passion and provide quality feedback so our students can be the best humans that they’re capable of. While it sounds easy, it is not. Often times, teachers are overworked, underappreciated, and undervalued.
At TeachFI, we want to highlight and celebrate teachers. Every month, we will celebrate a teacher who is making a difference in their community.
So, let’s celebrate our Featured Teacher!
[Editor’s Note: This is an independent post written by Jack. This post may contain affiliate links. Please read our disclosure for more info.] What to invest in? Once you land on a Risk Allocation that you’re comfortable with the next step is to figure out how exactly you want to allocate your investments. I can’t…
I’ve filed my own taxes (using tax software for convenience compared to the paper forms) for about six years now. Mike Piper and I agree that there are huge benefits in learning the basics of filing your taxes. I know there were for me. Not only did I save money by not hiring out, but I also learned how to maximize the ROI of my investments and lower my overall tax burden. I am confident reading his book and/or using google/forums as you file on your own will allow you to make more informed decisions about your financial planning, which will, in most cases, also result in a lowering your effective tax rate.