The month of February treated us well where we were able to briefly escape the doldrums of winter and enjoy some unseasonably warm weather. Unfortunately, this short burst of spring-like weather won't last long where there is a nor'easter coming our way. Time to get the shovels back out. Snowmageddon here we come! February's Awesome Bull Run … Continue reading Our February 2017 Expense Report, Bonus Time, A Boost From Uncle Sam, And A Recipe For Mr. FE’s Favorite St. Patrick’s Day Cookies!
Before I became an investor whenever I heard the term "stock market", I used to wince and make a face like I was sucking on a lemon. Wall Street? Not a chance! I would much rather keep my cash tucked away in my checking account where I knew it was safe. Just the thought of … Continue reading When It Comes To Investing Advice, We Listen To Warren Buffett
This may be hard to believe, but we don't celebrate Valentine's Day. We believe that Valentine's Day is nothing more than a silly, over commercialized holiday designed to latch on to our hearts, and make us feel guilty if we don't open our wallets. We don't despise the holiday, but we do think that it's … Continue reading Why We Don’t Celebrate Valentine’s Day
We must begin by saying just how phenomenal it was to have the first month of 2017 fly by us without a hitch! Despite a shocking $4258.32 medical expense we had to face, we still had a stupendous month in spirit and in health, and look forward to making some financial progress in February. Needless … Continue reading Our January 2017 Expense Report, Plus Why We Took A Break From Blogging
This past week, I (Mrs. FE) was catching up on some reading and had come across this truly remarkable story about a great philanthropist. Although the story was released in September of last year, I felt compelled to share my thoughts about it today because it left such a huge and lasting impact. The story, which … Continue reading A Story Of One Man’s Extreme Generosity And Questions On Frugality (plus, a readers poll!)
Both Mr. FE and I have failed miserably at keeping New Year's resolutions, and we now understand that these frivolous attempts at making New Year's resolutions are a complete waste of our time and energy. Could it be that we are just a couple of flunkies who would much rather admit defeat and submit to … Continue reading Why We Quit Making New Year’s Resolutions And Learned To Embrace Failure
So many of us in the FIRE community spend endless amounts of time planning, plotting, strategically analyzing, and calculating every little detail in order to reach our goal. For us, this means retiring by the time we both turn 50. To be able to leave our 9-5 existence behind us and never look back. To … Continue reading Is Achieving FIRE Worth The Sacrifice?
Growing up along the 128 beltway, we were surrounded by the epitome of success. Our paths were seemingly predetermined, and we never once thought that there could be an alternative to how we should live out our destiny. We were expected to follow suit in our mission to be successful, and had falsely believed that the map … Continue reading How Success Keeps Us Trapped And Our Great Mind Shift
As we confessed in our post Frugality Is A Choice, Not A Punishment, we were not always frugal. In fact, some might even say that we were the complete opposite of frugal. To us, frugality was associated with being cheap, and neither one of us desired being labeled as cheap. Just the word "cheap" implied that we … Continue reading Resisting Cheap And Our First Test In Frugality
One of the primary reasons why we decided to start this blog was so we could document our journey to financial independence. We wanted to share a piece of ourselves, and also have a place where we can go to reflect on both our challenges and our achievements. Now that we have been blogging for a … Continue reading What We’ve Learned From Our First Month Of Blogging
Mr. FE and I grew up in the same quiet suburb just 30 minutes outside of Boston, MA., not far from the Route 128 beltway. In case you are not familiar with Route 128, you can think of it as a place that is often compared to California's Silicon Valley. Boston being the home of … Continue reading Why We Chose To Live In A Suburb
Just three years ago "frugality" wasn't even a word in our vocabulary. We preferred the high life, and back in those days, we probably would have laughed at the word and associated it with people who were cheap. We wore high-end clothing - We used to visit Copley Plaza so we could shop at the … Continue reading Frugality Is A Choice, Not A Punishment
There is no question that the news of my job loss was a complete shock to both of us. For we both knew that the potential to lose our jobs always existed, neither one of us genuinely believed that job loss would actually become a reality. Over the course of our careers, we became complacent … Continue reading Facing Our New Reality
Last Christmas we received our very first pod coffee maker as a gift from my parents. It looked beautiful all shiny and black, and when we took it out of the box, several cute little round coffee pods spilled out with it. Back then I was a newbie in the world of frugality, and I … Continue reading Coffee Pod Armageddon And The Perfect Frugal Brew
Most of us have heard the aphorism "when life gives you lemons, make lemonade". Well, it's now time for us to make some lemonade. Last Friday I lost my job and was among 120+ others who lost their jobs as well. This happened because the parent company I had worked for was acquired by another … Continue reading When Life Gives You Lemons
The Cons: In our previous post "Deciding If We Should Become Landlords: Part 2" we took a look at the potential benefits of becoming landlords. We touched briefly upon the freedoms we may gain both financially and personally, and spent a little time imagining our future possibilities. However, upon further examination we are still not convinced … Continue reading Deciding If We Should Become Landlords: Part 3, The Final Decision
The Pros: In "Deciding If We Should Become Landlords: Part 1", we examined whether or not we could conceivably become landlords and assessed the marketability of our property. After careful self-analysis, we concluded that our property does indeed have the potential to become a rental property. However, neither of us know much about the current rental … Continue reading Deciding If We Should Become Landlords: Part 2
Could We Become Landlords? One of the challenges we face as we work towards our goal of becoming financially independent will be deciding if we need additional income streams. Presently, the only revenue we have coming in is from our full-time jobs. But when I read other PF blogs, I am now wondering if we … Continue reading Deciding If We Should Become Landlords: Part 1
I was recently listening to a song by The Fixx called "How Much Is Enough", and I could really relate to the lyrics. "How much is enough when your soul is empty? How much is enough in the land of plenty? When you have all you want and you still feel nothing. How much is enough, is enough? How … Continue reading How Much Stuff Do You Think Is Enough?
The standard definition of financial independence is to have sufficient personal wealth to live off of, without the need to work in order to cover ones expenses. In other words, in order to achieve financial independence, your assets will need to generate an income that is greater than your expenses. But what does financial independence … Continue reading What Financial Independence Means To Us
Today is a sad, sad day. The Escapadians super deluxe time traveling machine has finally kicked the bucket. Or I should say, Mr. FE's beloved vehicle otherwise known as "The Turtle". You see, born on May 2002, this Mercury Sable has been a part of our lives for a very long time. The Turtle has been … Continue reading The Escapadian’s Used Car Conundrum
I've read many personal finance blogs and books, and I seem to come across the same old axiom: that we must keep at least six to eight months worth of our salary in an emergency fund. For people who have no savings, this advice may be worth following. But what if you're not living paycheck … Continue reading Why We Don’t Have A Traditional Emergency Fund
Mr. FE and I realize that by following the traditional financial protocol (think like the masses), our plan to achieve early retirement may very well elude us, therefore, our financial plan needs to be far different. Epic, I tell you! Especially if we plan to hack early retirement before the age of 67 1/2. However, … Continue reading The Frugal Escapades Financial Management Plan