Welcome to my series on – Rules for Second Generation FI. My wife and I have 3 kids and one of our goals is to teach them the fundamentals of becoming financially independent. My personal belief is that we don’t do enough as a society to teach our kids about money and personal finance. So […]
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The path to financial independence (FI) for my family is dependent on several different factors. First … we need to continually work on lowering our expenses. Our current yearly spending (for a family of 5) is just slightly under $60,000 per year. That spending includes our normal day to day living expenses like food and […]
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Tracking our net worth helps my wife and I stay on track with our personal finances. Our path to financial independence (FI) is tied to things like our net worth and the amount of passive income we are able to generate every year. The good news is that most months … our net worth grows. […]
Continue ReadingWell it has been a long time since I posted a travel rewards update. Our most recent post came when we finished up the spending on my Marriott Business card (which we call card #5). That card earned us over 78,000 Marriott Rewards points … which puts the potential value at $703.95 by using a […]
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For over the past year, I have been tracking our net worth each month. Tracking our net worth helps our family stay motivated on our path to financial independence. It allows us to save more and more of our income each month. And it helps keep us investing all that extra income into dividend stocks […]
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