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Our 2018 finances Part 3

Back in 2013, I learned, for the first time, what it felt like to get paid doing what you love. You know that starving artist saying, “my wallet may be empty, but my heart is full”? I always thought it was cheesy, until I finally understood what it meant. A cheque had arrived in the mail that morning, from the sale of our first book Little Miss Evil and I was cradling it like a newborn baby. I even teared up a bit—something I don’t ever do. It wasn’t much, not even enough to cover my groceries that month, but […]

Reader Case: Can this 24-year-old from DC Retire Early?

It’s Friday, and you know what that means: Reader Case time! And for the first Reader Case of 2019, we’re gonna pick a doozy. Income Gross Income: $95,000 (Combined) Myself: $50,500/year. My Husband: $60,000/year Net Income: $75,000 (Combined) Myself: $30,600 ( After tax, health insurance and 401k contributions) My Husband: $45,000 (we pay his taxes deductions at the end of the year) Monthly net income: Myself $2,550. Husband: $3,750 [Combined: $6,300/monthly] Monthly Spending: Transportation – $575 month (Ubers really add up quickly) [$6,900/year] Cable – $127 (he can’t seem to live without sports channels) [$1,524/year] Cellphones : $150 (both of […]

Our 2018 Finances Part 2

Our 2018 financial review continues after Part 1, where FIRECracker detailed our annual spending. Today, we’re going to talk about how our portfolio did, and the transactions we performed to fund next year’s living expenses. How did it perform? At the end of 2018 and the beginning of 2019, the financial media tried to sum up the overall year for stock investors. The more polite ones called it “challenging.” The less polite ones called it a cluster-fuck. And with good reason. December was an especially wild ride, with the Dow swinging up and down 300+ points more times than I […]

How to Become FI with 6 Kids, Zero Privilege, and a Small Salary

After our “what do you want to read about” poll, I heard you all loud and clear. All guest posts all the time! Seriously though, you will like this guest post I swear (also I had this post scheduled before I ran the poll so deal with it) Anyhoo…today, I want to introduce you to a very special person I met at Fincon. I didn’t know her background at the time, or the fact that she become financially independent at 32— despite growing up poor, like me, and never having a 6-figure salary. She even managed to become FI, while raising […]

Our 2018 Finances

Back in 2015, if you had told us it would cost us LESS money to travel the world than live in Toronto, I would’ve thought you were nuts. Everyone KNOWS travel is expensive—I mean, why else did we shell out $5000-$10,000 a year on a 3-week vacation while we were working? It wasn’t until we started traipsing around Europe and Southeast Asia that we found out what a racket the vacation industry is. We were able to visit 19 countries (even expensive ones like Denmark, Switzerland, and the UK!) for only $40,000 CAD or $30,000 USD a year for the […]

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