The Latest

Distinguishing Between Luck and Hard Work

You know those moments that happen in life where you wish you had the right words at that moment, but instead they come to you days later? I’m about to tell you about one of those times. An old friend of mine – we’ll call him Jeffrey – has struggled throughout his adulthood with, well, …

Categories: Getting Started

Fifteen Items I Don’t Skimp On

Frugality is a major part of our financial independence strategy. Since we live on only one income and save the other one, we have to be quite careful with our spending. As I’ve mentioned many times, my perspective on frugality is to spend as little as possible on things that aren’t as important to us …

Categories: Frugality

Questions about Mislabeled Roasts, Skillets, Dollar Shave Club, and More!

What’s inside? Here are the questions answered in today’s reader mailbag, boiled down to five word summaries. Click on the number to jump straight down to the question. 1. Buying cheap or for life 2. Best financial decision? 3. Grocery store ethics 4. Stuck in a tough spot 5. Taxes and early retirement 6. Being …

Categories: Books and Reading

Nine Strategies for Stretching Out a Tiny Food Budget

We’ve all faced it at some point in our life. Your next paycheck isn’t due to arrive for a week or so. You don’t have much in your checking account and there’s not too much in the cupboards, either. You need to put food on the table for the next week but you have only …

Unhappy With Being “Locked In”? Here’s a Strategy for Building a New Career Path

Recently, one of my family members gave me a copy of the wonderful book The Nighttime Novelist. It was a little more than an obvious hint – this family member really believes that I have some interesting novels inside of me and she wants to read them. While the book has a lot of good …

Categories: Careers

How to Use the “Snowflake” Strategy for Debt Repayment

When you’re facing a giant mountain of debt, it feels almost impossible to overcome it. When your total debt exceeds your household income, it can feel like debt is just going to be a part of your life. It can seem as though, in order to live your life, you’re going to have to constantly …

How to Switch to Paying Cash for Your Car

In 2003, I purchased a 1997 Ford F-150 pickup. Given the financial disaster that my life was at the tiem, I “paid” for it entirely with a loan, which saddled me with car payments for the next three-plus years. In 2010, the Ford F-150 needed to be replaced, so we bought a 2004 Honda Pilot. …

Triggering the Spark of Financial Independence and Frugality

Kayla writes in: I’ve never really understood how you could suddenly make the switch from way overspending to actually living on just one of your two incomes and saving half of your income. How does that even happen? As I thought about Kayla’s question, I started writing a list of things that I felt played …

Questions about Old Stamps, Yoga, Hospital Bills, Chess, and More!

What’s inside? Here are the questions answered in today’s reader mailbag, boiled down to five word summaries. Click on the number to jump straight down to the question. 1. Hospital bills and 529 plans 2. Planning with constant challenges 3. Using old baseball cards 4. Frugal yoga tip 5. Baking bread at home 6. Frugality …

Categories: Books and Reading

Books with Impact: Early Retirement Extreme

The “Books with Impact” series takes a deeper look at specific books that have had a profound impact on my financial, professional, and personal growth by extracting specific points of advice from those books and looking at how I’ve applied them in my life with successful results. The previous entry in this series covered How …

Categories: Books and Reading