I had never really heard of ‘financial independence’ as a concept until Mr. FrugaLee started talking about it here. This whole idea is new to me. I’m still exploring what it is because everyone has their own definition. To me, financial independence means planning ahead, setting goals, and working hard so that you can live … Read moreDr. FrugaLee’s Financial Independence Goals
My wife quit her job today, so we celebrated with sushi. Related: How to Quit Your Day Job and Pursue Your Passion! Well, it was actually an early birthday lunch for her, but I love getting two for one. We drove into D.C. and went to Sushi Taro. The food was excellent, but I couldn’t eat … Read moreMy Wife Quit Her Job!
It’s been 12 months since we set a goal to pay off the mortgage (on our condo) and to have a net worth of at least $1M by 2020. This is the 12th update on the progress of the goal. If you’re wondering why we set this goal, click here. Since it’s been a year, I calculated … Read moreFebruary 2017 Goal Progress: Update #12
This post may contain affiliate links. Please read this disclosure for more info. Exactly one year ago today, on February 15, 2016, just a few days after my son’s first birthday, I started this blog. It was interesting to go back and read through that very first post, entitled The Starting Point, where I discussed my motivations … Read more7 Things I Learned From My First Year Of Blogging
Hi! I’m LiveFrugaLee’s evil twin, Manny. Yes, we’re Danny and Manny. Yes, our names rhyme, and our sister’s name is not Fanny. You may have noticed my facetious comments on his earlier posts as I thought it was rather humorous that my twin brother would start a blog. Now, I’m trying to be supportive as … Read moreHow to Quit Your Day Job and Pursue Your Passion!
How Much Should You Spend On A Car? Think back on the cars that you’ve owned in your life so far. How much did you pay for them? How much were you earning at the time? Most recommendations on how much you should spend on a car suggest a certain percentage of your gross annual … Read moreHow Much Should You Spend On A Car?
The Rule of 72 is an easy way to determine how long it takes for an investment to double given a fixed annual rate of interest. It works like this: The number of years it takes to double your investment = 72 divided by the annual rate of return For example, if you wanted to figure out … Read moreHow Accurate is the Rule of 72?
This post may contain affiliate links. Please read this disclosure for more info. The 2017 tax season officially began on January 23, 2017. The deadline for filing taxes this year is Tuesday, April 18, 2017 (traditional deadline of April 15 falls on a Saturday and Monday is Emancipation Day, a legal holiday in D.C., observed on Monday). … Read moreA Quick Lesson On Income Tax For Millennials