About a year ago … I had a light bulb moment. After I read how one blogger made a 6-figure income and paid no federal tax, I realized that our family could do the same. By making just a few simple changes, I calculated we could earn over $100,000 of W-2 wages and not pay […]
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At the end of each month, I post an update on our dividend stock portfolio. The portfolio of 35+ publicly traded companies is part of our overall plan to reach financial independence (FI). This year alone (2018), we expect to earn over $6,500 from our dividend income portfolio. We estimate that if we never invested […]
Continue ReadingMy wife and I have 3 children and one of our goals is to teach them everything we can about personal finance. While we want them to make their own financial decisions and learn from their mistakes, we also want to give them the knowledge and tools to eventually become financially independent. One very big […]
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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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