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Passive Income
On one of my first dates with my now husband, he mentioned that he wanted to be in a position where his money worked for him, not him working for money. I’ve thought about this a lot and many times wished I had pursued the conversation more fully because though I had a concept of what he meant I didn’t know the intricacies of how to implement. Living overseas made things somewhat more complicated because the tax systems are different, and moving money between international locations was far from as easy as it is now. Fast forward many years and I’ve been digging in to the term and what it…
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“One more year” year after year
If you’re anywhere near retirement age, or are contemplating retiring early, you might have heard the term “one more year”. Essentially, it refers to people who can retire but for some emotional reason, they feel like they need to work one more year, pad the savings, set themselves up emotionally for not having a set schedule, whatever the case may be. It differs for everyone I am sure, but I am solidly in the “one more year” camp, unfortunately for me. We have saved a fair amount of money, enough for us to retire comfortably and even more so that my husband is going to work for a while longer,…
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I hate budgeting
There I said it – I hate budgeting. I do, I always have and I know I’ll never like it and will never stick to a budget. What I mean is I won’t sit down at the beginning of each month and say I’l spend no more than $300 on dining out and no more than $200 on groceries or whatever. You can already see my priorities in that I listed a higher amount for dining out than for groceries. I know it’s important to establish an amount you can spend and we do, but we do it more organically. If it feels like we’re spending too much for the…
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Goals Update
I read the other day that 25% of people give up on their New Year’s resolutions by the end of the first week and about 43% give up by the end of January. Not following through was the main reason I decided not to set resolutions, but rather set some goals that I could check in on throughout the year or change/adapt as necessary. As a reminder (I won’t write this every post but just to summarize here in this update) my goals were as follows: We have been out to eat only twice since 1/1 ( record for us), the 20% reduction is still in progress, looking good on…