Today was a Good Day

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We’ve learned many lessons this year, among them how to actually appreciate and value the things we purchase. It has made us a stronger family unit, and it has helped to instill values in our children that will hopefully help them in life for many decades to come.

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At the beginning of 2019, my wife and I were in a really bad spot. We owed an insane amount of money on credit cards (6 figures), and we were making $3600 a month less than what we needed to pay our bills. We had no savings, we had very little in our 401k, and we were almost certainly going to lose the house we had bought just 6 months prior.

We committed to solving our debt crisis once and for all, and we knew that part of doing that meant we had to set some really large stretch goals to keep us honest and aggressive in our efforts.

I told my wife, “We need to set a big number in terms of the debt we want to pay off this year, and it needs to be large enough to frankly make us uncomfortable.”

We set our golden number for the year at $50,000.00. Fifty-thousand. A FIVE, AND THEN A BUNCH OF ZEROS. That was a stupid number, and there was probably no way we would come close, but damn if we weren’t going to try!

When I have set similar lofty goals in the past, it has rarely worked out well…

Dave at age 10:
Goal: “I bet I can jump this canal on my bicycle!”
Result: Broken bike, broken bones.

Dave at age 22:
Goal: “I bet I can beer bong this entire 5th of whiskey!”
Result: Waking up in that same canal, wondering what happened to my pants.

Dave at age 35:
Goal: “I bet I can put a flat screen TV in each room of my house!”
Result: See paragraph 1 of this post.

So needless to say, I was somewhat pessimistic about the financial goal I had set for us to achieve, and I had a lifetime of results (or lack thereof) to back that pessimism up.

And yet today, a month and a half early in fact, we hit our goal.Read More »

This One Tip Will Get You Out of Debt and to FI Faster Than Any Other

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By spending less, you’re “eating better.” You’re not wasting your money on dumb purchases that you really don’t need, just as you aren’t filling your face hole with Ding Dongs and lard.

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I have done a LOT of research over the past 10 months. I have read books and blogs, listened to podcasts, attended seminars, watched YouTube videos, and met with one incredibly trustworthy and knowledgeable financial planner.

Here are just a few of the books I’ve read:

  • Rich Dad, Poor Dad
  • Start Late, Finish Rich
  • The Automatic Millionaire
  • The Millionaire Next Door
  • The Simple Path to Wealth
  • I Will Teach You To Be Rich
  • The Latte Factor
  • The Total Money Makeover

Podcasts I have (or continue to) listen to:

  • Bigger Pockets
  • Choose FI
  • Motley Fool
  • The Money Guy Show
  • Mr. Money Moustache

You get the idea.

I have spent the better part of a year listening, absorbing, planning, and evaluating how to get out of debt, and how to get on the road to financial independence once and for all. It’s why I’ll pay off over $50,000 worth of debt this year alone, and it’s why I have a plan to be totally free of credit card debt by the end of 2020.

In the process of doing this, I think I’ve hit on something big that I want to share with all of you. Once I understood it, it changed my life totally, and given me the understanding of the mindset I need to really achieve my goals.

The one thing you need to do to pay off debt and achieve financial independence is…

Read More »

Site News: 100 WordPress Followers!

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Hey we hit another mini-milestone today! We hit 100 WordPress Followers to bring the grand total of awesome people following this blog up to 116.

I also had a post this week receive my highest number of likes to date. I appreciate that you appreciate my ramblings!

You all are awesome, and I really can’t thank you enough for the rad response I’ve received to the blog thus far. This post is a celebration, but also a quick reminder to all of you to make sure you take the time to celebrate all of your life milestones as well, both big and small!

If you haven’t subscribed yet, the link is in the righthand column over there, so what are you waiting for! [Just look for the dog with the cash in his mouth.]

Oh… and make sure you tune in tomorrow. HUGE financial independence news in my world, and a big step forward on my road to freedom!

Thanks again to all!

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Tuesday Tip Jar: Side Hustlin’ with Four-Legged Friends

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Welcome to another “Tuesday Tip Jar” where I will share awesome savings and financial tips as I find them. I might not have something for you every Tuesday, but when I do, you’ll find it here!

If you’ve got a financial tip you think others would benefit from, please send it to me via my contact page at the top of the blog!

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My wife and I absolutely love animals. Currently we own 1 Black Lab (Sylvester), 1 Chiweenie (Hoppa), 1 cat (Rico), 1 tortoise (Stormy), and 2 Hermit Crabs (Shelby and Bubba.) Previously we’ve owned lizards, snakes, bunnies, a pig, and many other dogs and cats. By the time I’m done writing this post we’ll probably have a guinea pig, because they are cheap and my daughter won’t shut up about getting one. I think we’ll also make the leap and get chickens next year. We’re all very excited.

Fun Fact: My 11 year-old son did *not* in fact name his pet tortoise after the pornstar/stripper/Trump buddy, Stormy Daniels, but thanks for asking! (I get asked a lot.)

As my wife and I looked for awesome side hustles to bring in some extra scratch, one of the options mentioned to me was Rover.com. Rover is a site that allows two things:

  1. It allows others to watch your pets for you.
  2. It allows you to become a pet sitter for others!

Their plan is relatively straightforward. My wife (who will be primarily responsible for the animals while I’m at work) filled out a simple questionnaire that asked things like if our yard was fenced, what dogs and cats we have, and what size of dogs we’d like to take care of. It took about 15 minutes to answer fully, and after adding a few pictures of her, our pets, and our home, we were off and running!

(You can sign up for sitting cats as well, which we did.)

The site allows you to offer the following services:Read More »

Potato Guns, Whiskey, and Regret – Camping In My Hometown

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The Thursday Think Tanks are semi-random thoughts that may not necessarily fall directly into the category of finances, but I still feel are worth sharing. Read at your own risk!

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I love to go camping. When I was young my parents used to take us to a 2 week long family reunion up in the mountain forest a couple of hours from my house. We’d spend the week playing in rivers and lakes, rafting, and cooking amazing food over an open fire pit.

Other times my Dad would just get a wild hair up his backside and decide that it seemed like a good weekend to take the camp trailer up into the woods and explore for a while. He’d call up several other families, and in a matter of minutes we’d be in our Chevy Blazer on the way to the market for ice, beer and hot dogs — an entire caravan of jacked up vehicles towing camp trailers behind us.

As an adult, I don’t get to camp as often as I do. We don’t have a camp trailer, and my wife isn’t fond of tent camping, so we just haven’t found a way to make it all click.

However on rare occasions, I travel back to my hometown and camp with old high school buddies. It’s usually two or three nights packed with games of horseshoe, music, and FAR TOO MUCH drinking.

One such trip resulted in a story that I will never forget…Read More »