Another month down the road to financial independence! September was a huge month for us in a lot of ways. As mentioned in my last update, I received an after tax bonus of around $2000, which certainly went a long way this month. Unfortunately, we also had a lot of expenses pop up; car registration, … Continue reading September Update
Author: Path to Fire
August Update
Today's the day - our first progress update post! August has been a pretty good month for us financially. We had some unexpected veterinary expenses arise for our beloved dog. Luckily I was very quick to lodge both of our income tax returns in early July, which saw some nice refunds come through that bolstered … Continue reading August Update
A Note on Strategy
As I've delved deeper into the FIRE community, I've noticed two distinct trains of thought around how your portfolio should be structured. Colloquially distinguished as either the 'Bogle' strategy, named after Vanguard founder and former CEO, John Bogle, or the 'Thornhill' strategy, after Motivated Money's Peter Thornhill. Both men have seen great success in their … Continue reading A Note on Strategy
Where are we now?
In The Beginning. . . All stories have to start somewhere, and for us it isn't in a very good financial position. At the time of writing, our combined net worth is -$35,804.59, which includes: Liability Amount Car Loan $ 18,857.95 Debt Consolidation $ 18,576.74 Interest Free Cards $ 16,369.90 Total Debt $ 53,804.59 … Continue reading Where are we now?
The Journey Begins
Background My desire to achieve financial independence developed at a young age. Growing up, we had enough to get by, but my parents sacrificed a lot just to put food on the table. I remember thinking how I could grow wealthy and never have to want for anything later in life. I decided the path … Continue reading The Journey Begins
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