The Money Sprout

Exploring, Building, and Maintaining Multiple Streams of Income

Skip to content
Menu
  • Net Worth
  • Dividend Income
  • Dividend Stocks
  • Archive

Category: Financial Independence

Financial Independence Retire Early (or FIRE) has become more and more popular over the past several years.

For example, there are tons of personal finance blogs, websites, podcasts, you name … that cover early retirement and financial freedom topics.

Personal finance bloggers like Mr. Money Money Mustache and the Mad Fientist have given us a blueprint on how to reach financial independence.

Not only are there tons of blogs to find great content on FIRE, there are other media outlets to learn this awesome topic. For example, I highly recommend the ChooseFI podcast as a place to start.

Financial Independence According to The Money Sprout

Becoming financially independent (FI) is one of my personal goals. My wife and I have 3 children and currently live comfortably off a single income. Our family has our own FI journey that we are living every single day. We enjoy writing about our experiences on this path … both good and bad.

One of the topics my wife and I are very passionate about is raising financially independent kids. Many people refer to this as – Second Generation FI. You can check out all our articles written about 2nd Gen FI using the link below.

  • Raising Second Generation FI Kids

Another important topic we often like to discuss is building our net worth. This requires a combination of living well below our means (aka saving) and increasing our income … normally through side hustles.

Then the real magic happens when you continue to widen the gap between your savings and income. In order to accelerate your path to FI, it is critical to invest the gap (or the difference between income and expenses). Our personal philosophy is to invest our difference (or gap) in dividend income stocks.

Check out more posts on these topics below –

  • Our Net Worth Updates
  • Our Dividend Income Results
  • Dividend Income Portfolio

Feel free to browse around and check out our past articles on reaching financial independence. We cover a lot of different topics and try to write from our own personal experiences.

Financial Independence

The Awesome Outcome When you Put your Money to Work

Posted on October 20, 2016February 5, 2019 by John

Financial independence takes hustle. It takes sacrifice. It takes thinking outside of the box and going against the norm. Living well within your means is…

How We are Growing Our Net Worth – September 2016
Financial Independence

How We are Growing Our Net Worth – September 2016

Posted on September 28, 2016April 5, 2018 by John

Tracking our net worth gives my wife and I a snapshot of our personal finances at a point in time. When we report our net…

How We are Growing Our Net Worth – July 2016
Financial Independence

How We are Growing Our Net Worth – July 2016

Posted on July 12, 2016April 5, 2018 by John

Reporting your net worth can be beneficial for understanding ones current personal finances. For years my wife and I have been tracking our dividend stocks…

How We are Growing Our Net Worth – June 2016
Financial Independence

How We are Growing Our Net Worth – June 2016

Posted on June 1, 2016April 5, 2018 by John

After seeing how helpful reporting your net worth can be from other bloggers, I decided to start tracking ours over a year ago. However, instead…

How We are Growing Our Net Worth – April 2016
Financial Independence

How We are Growing Our Net Worth – April 2016

Posted on April 18, 2016February 17, 2021 by John

Over a year ago, my wife and I decided to start tracking our net worth. After reading up on other personal finance bloggers and their…

Posts navigation

Previous Page Page 1 … Page 10 Page 11 Page 12 Next Page

Search The Money Sprout …

© Copyright 2023 – The Money Sprout
Wisteria Theme by WPFriendship ⋅ Powered by WordPress