E-mail readers, click here to see this post. I am updating my visual aid for my goal of financial independence. Here is where I stood at the end of February 2014. The market was up again this month and my net worth increased along with at just over $10,000, forcing the red line up a minuscule… Read More »
I will readily admit that luck played a significant role in bulking up my financial avatar. I attended a fairly decent law school and interviewed with firms in 2008 before the worst of the recession hit. My firm gave me a big check and a deferral year instead of a pink slip in 2009. Still, the post-graduate… Read More »
I am sorry for the delay in posting my charts again. I have found that I am a lot less excited to update them now that my expenses are so high. Here is where I stood at the end of January 2014. February was a healthy month for the market compared to January. Believe it… Read More »
If you are following this blog through the email option, I know the charts are a bit wonky, so please click here to see the post properly. Fixing this glitch is an item on my ever-growing to-do list. Readers, please forgive my tardiness in posting an update. My full-time job takes up more than its… Read More »
This is a follow-up post to You manage what you measure. That post explains the why. This post explains the how. Making a visual aid is the quickest ways to shed some fat off your financial avatar. My favorite is the chart. If the visual looks pretty, I, for one, am more inclined to update it. Put… Read More »
These are things I spend money on approximately 1-2 times/year, but if I bumped that number up to 1-2/week, I’d consider the habit a drain. Frequency matters on all things consumption! Books So far I have tried to flesh out the arguments for and against each spending habit draining your net worth, but in the case… Read More »
I’m updating my visual aid for my goal of financial independence. The blue line measures my expenses and the red line measures my projected passive income. Read my assumptions to get this figure here. Here is where I stood at the end of November 2013: As much as I love my charts, I find the… Read More »
This is the third installment of my ongoing series: Things that I don’t spend money on. Cars Cars are super convenient, warm in the winter, cool in the summer, not crowded with strangers, powerful, shiny status symbols. Not owning a car is almost un-American, eschewing all that she has to offer – the wide open… Read More »
I’m updating my visual aid each month and here is where I stood at the end of October 2013 for my goal of financial independence. As soon as my monthly expenses line crosses my projected passive income line, I will dance a jig. My passive income reflects growth in my net worth. Read my assumptions to get this… Read More »
These are more things that I don’t spend money on, but unlike the first post about habits, I won’t silently judge you for indulging in these. Cable I see the value of cable. Maybe television is your primary form of entertainment. Maybe you’re a sports buff and have no other way of catching the game.… Read More »