Category Archives: Early Retirement

We’re Falling Behind! Net Worth Update

It’s been one year since making plans for extreme early retirement. How are we doing? In short, we’re falling behind for the first time this month. But don’t worry, there’s a reason.

We decided to simplify our lives and focus our efforts on our jobs and making YouTube videos. Unfortunately that meant making some tough decisions.

Watch the video to see how far behind we are, and how we plan to get back on top!

Why the Rich Get Richer

 

 

Ever wonder why the rich keep getting richer. It’s not just because of the money they save, it’s also how they spend their money. Most people spending their money on liabilities like cars, electronics and oversized homes which not only cost money upfront, but require monthly spending to keep them maintained.

The rich also buy liabilities, but the they funnel some of their resources into income producing assets which generate more money for them. They put their dollars to work. Then they take some of that extra money and buy more assets. And on, and on…

How do you balance making more money and happiness? How are your dollars working for you?

4 Money Mindsets That Keep You Broke

 

We got sidetracked making our 5 Dumbest Money Mistakes video and realized all financial mistakes are part of a larger issue. So we changed gears and started thinking about how our money “mindset” can either make us wealthy or broke.

The four money mindsets that will keep you broke are:

1. How much per month? vs How much?
2. Gambling your future.
3. Blaming someone else.
4. Ignoring that you have a problem.

Let us know if you can think of any others, or if you struggle with any of these!

Do You Have What It Takes to Retire Early?

After years of reading and studying people who have retired extremely early, I’ve discovered there are two common threads that seem to connect them all.

The first is the ability to think differently. Not just want something different, but honestly believe that there is an alternative out there and they are going to find it.

The second trait that holds up the first the the ability to not care what people think. I mean this in a good way, not a bad way. When you live life outside of the box, some people are going to react negatively to your choices.

If you drive an older car, people are going to assume you cant afford anything nicer. Early retirees have the self confidence to ignore backhanded insults like “you can’t take it with you when you die.”

In the video we talk about some of our own struggles with “looking poor” and how we’ve overcome them.

Mike and Lauren Exposed! Income, Expenses, Net Worth Revealed

Hope you’re feeling nosy! We’re about to strip down to our financial birthday suit and reveal our income, expenses and net worth. We did it to keep ourselves accountable to our goals and make things more interesting for you guys.

We debated for months whether we should or not, but decided it would need to happen sooner or later, so why not sooner!

We’ll cover our expenses in detail in another video.

Here’s a link to the Blank_Net_Worth_Projections spreadsheet I referenced in the video.

Let us know if you have any questions in the comments. Thumbs up if you like this video, and don’t forget to subscribe!

Ditch The Cubicle with Paula Pant | AffordAnything.com

We visit Atlanta to interview Paula Pant from AffordAnything.com.  She is a financially independent blogger who accumulated a collection of rental units that provide over $35,000 in completely passive income.  She also has a successful blog, content marketing company, and has traveled to over 30 countries!

How We Invest in the Stock Market

This is how we invest our own money in the stock market.  For more information about our investment philosophy check out:

A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Tenth Edition)

Jim also wrote a good intro to investing that he calls his “stock series.”

If you have any questions, leave a comment below!