Tag: financial independence

April 2019 Financial Update

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April is always one of the worst saving months for us historically. Unfortunately, this April was no different. I always play a little game of Russian roulette with our taxes because I despise government spending and waste in general. I choose to hold onto my money as long as possible before the politicians get to waste it; especially state government like we have in California who waste countless taxpayer dollars on lame ideas like a high speed rail line. Um, it’s California! We like our cars and we are not taking a stupid train anywhere, but I digress. Continue reading “April 2019 Financial Update” →

What Is Your Investment Strategy?

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As I await my final statements for the month of April, I was thinking about my current investment portfolio and what changes, if any, I need to make.

I previously admitted that I went through a long period of time where I didn’t care bother to track or deal with my investments. Just based on this, my portfolio probably needs to be reworked. But there are now other factors at work. Continue reading “What Is Your Investment Strategy?” →

RV Myth-busters!

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Up until now I have focused mostly on the financial side of our story. Let’s take a moment to discuss the ultimate purpose of this journey which is for us to live full time in our RV.

When we talk amongst friends or family and put our plans out their it’s always interesting to see their reactions. They typically range from blank stares to some sort of forced happiness. Although more and more people are choosing to live life on the road there is still a common misconception and stigma attached to it. Continue reading “RV Myth-busters!” →

First Quarter Update

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The first quarter of 2019 was a welcome change from the end of 2018. It was also what I consider the beginning for us in terms of our pursuit to achieve financial independence.

We had purchased our new RV in the middle of 2018 for which we used a significant amount of cash. Then I stumbled upon a blog by Mr.1500 at 1500days.com which peaked my interest in the #FIRE movement. Following his blog and journey to #FIRE was an awakening for me. It made me question our lifestyle and ultimately helped set us on our own journey to achieve a life detached from the constraints of a required work day. It’s amazing that such a simple concept can change one’s life so dramatically.

Here is how we ended the first quarter of 2019.

Portfolio- $935,504 (Cash and Investments)

Portfolio Goal – $1,500,000

Amount needed to reach goal – $564,496

Our portfolio increased by $104,025 which is about 12.5% from the end of 2018.

Net Worth – $1,125,231

Roadmap to the Future

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We have been doing some soul searching trying to figure out how much money we need to save to reach financial independence. This of course depends on the level of spend we expect to have each month in the future. In this post I will outline the framework of our plan to reach FI. I don’t have an exact timeline yet as that will need to be sorted out as we transition through our plan. Continue reading “Roadmap to the Future” →

Finance Wishes and RV Dreams

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I spent some time reviewing our financial situation and had mixed reactions to what I found. I have been in the accounting field for almost all of my professional career which you would think lends itself to smarter money decisions. In fact, when my wife and I first got married I used to watch every penny in and out of our accounts. I would religiously track our investments every month. Continue reading “Finance Wishes and RV Dreams” →