Month: October 2017

How We Made $27k On an Investment and Might Have Just Ruined Our Financial Plan

Well, this is awkward.  We just made a decision that is going to change our financial plan forever.

We feel like such hypocrites.  For 6 years we’ve been slogging away at our student loans, throwing as much money at them as we can each month in order to become debt free.  We’ve championed the virtues of frugal living to our friends and family, and in July 2016 we even started this blog to bring our views to the masses.

Our plan had been to live frugally, keep expenses small, keep loan payments big, and get out of the student loan vortex ASAP.

Did we just ruin it all?

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Are We Depriving Ourselves?

I read an article recently by Live Free MD, via the White Coat Investor.  It was about Financial Indpendence being a continuum, not a specific number.  In other words, it’s not something you reach all of a sudden; as your portfolio grows your goals should grow with it.

I like Live Free MD’s philosophy on money, and you should head over to his blog if for no other reason than to read about how he paid off $400,000 in debt in a few short years.  

His post on Financial Independence being a continuum was a fun read that laid out fairly specifically his goals at different stages of his net worth.   He is absolutely dedicated to reaching FI, and it was interesting to see how he laid out specifics for what he would do at each stage, especially in regards to how much vacation he would allow himself if he was at $0 net worth vs. $500k net worth and beyond.  

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