June Net Worth Update

If you’re just joining, our family of four is on a three-year journey to double our net worth and become location independent so we can move abroad. Each month, I’ll keep you apprised of our progress. This year, we’ve got some major goals, including paying off our outstanding debt (car and apartment in Chile), replacing our roof, AND saving around $70,000. As of April, we were roughly 16.5% of the way to doubling our net worth.

It’s now mid-summer (sigh! can summer go a bit more slowly, please?). The junior ThreeYears and I are currently on a month-long road trip in the Southeastern US, visiting family, and Mr. ThreeYear just flew back to New Hampshire, having joined us at the beach for a lovely, sun-burned week.

June Net Worth--www.thethreeyearexperiment.com

Part of Mr. ThreeYear’s plans upon return will be overseeing the replacement of our roof. Unfortunately, our thirteen-year-old roof had defective shingles, and so must be replaced. For most of April and May, we priced out having new roofs put on, having previously exhausted our options of using the warranty (it was invalid since we were the second owners of the home) and seeing what the builders of our home would do (nothing). All over our little town, homeowner after homeowner is having to replace his or her roof earlier than expected because of this particular brand of defective shingles. Our freeze/thaw climate is very hard on shingles, and this brand did not pass muster.

That “little” purchase, which we’ve been saving for all year, and will cost, all told, $14,000, was big enough that our net worth was negatively affected. While we didn’t count the money we’d saved toward the roof in our net worth calculations, we did have to take some money out of savings, which meant our number dipped down, very slightly, from the month before.

Continue reading “June Net Worth Update”

Mid-year Goals Update

July is here, which means we’ve officially finished six months of 2017. (Happy Fourth of July week to all you US readers out there!).

How’s your year going so far? Our family is currently on an extended road trip/family visit in the Southeastern United States, so I’m logging in “from the road.”

Mid-Year Goals Update--www.thethreeyearexperiment.com

Earlier this year, I shared our 2017 goals for this year. We’re on a three year journey to double our net worth and become location independent, so we have some pretty specific goals for this year to make that happen. Continue reading “Mid-year Goals Update”

How Other People Can Help You Reach Your Goals

We all need a little help in life. When it comes to staying on track with our goals, friends and partners can make a huge difference in your success rate.

Other People Help Reach Goals--www.thethreeyearexperiment.com

Running Partners

For example, I’m currently training for a half marathon. It’s a beautiful half marathon that takes you through picturesque New England towns and by gurgling brooks and horse farms, one of the most popular half marathons in the area.  This will be the fifth time I’ve run it and the race is happening weekend after next. I’m a little behind on my training, though.

Yesterday, I needed to run ten miles. The only time I had to do it was before work, which meant I needed to get up at 4:30am and start running at 5am. The night before, Tuesday night, a friend had a get-together. If I had to run those ten miles by myself, with no one to support me or keep me on track, I’m sure I would have stayed way too late at the get-together and would have found a reason not to get up the next morning. Continue reading “How Other People Can Help You Reach Your Goals”

April Net Worth Update

If you’re just joining, our family of four is on a three-year journey to double our net worth and become location independent so we can move abroad. Each month, I’ll keep you apprised of our progress. This year, we’ve got some major goals, including paying off our outstanding debt (car and apartment in Chile), replacing our roof, AND saving around $70,000. As of February, we were 9% of the way to doubling our net worth.

I waited until the end of April to post our net worth update, because, frankly, our March update wasn’t very exciting. Thanks to Mr. ThreeYear’s annual stock “gift,” however, April’s update actually moves our net worth dial. Mr. ThreeYear works for a 100% employee-owned company, and each year, in April, he receives a share of company stock (which is privately owned) equivalent to at least 8% of his base salary. The company is audited each December to set the stock’s yearly price.

Although this is an incredible “gift,” we consider it part of his total compensation, because that is what it effectively is, albeit tax-deductible (for all the ins and outs of how such a plan, called an ESOP, works, head here).   If he were to leave the company, he would need to take equal distributions over 5 years and roll the shares into a retirement account.

Kuchen--www.thethreeyearexperiment.com
Spending lots of time baking (and eating!) in snowy, cold March.

March and April were rough months for the ThreeYears, ain’t gonna lie. It’s always one of the toughest times of the year for me, living in New England as a transplanted Southern Belle (or, just…Southerner…). March and April are hard-wired into my psyche as a time when the birds are supposed to be chirping, flowers are supposed to be blooming, and snow is definitely NOT supposed to be still falling. Continue reading “April Net Worth Update”

In Praise of Restraint

This week, the ThreeYear Family has had the incredible privilege of spending the week at a swanky island resort. We’ve swum at the lovely resort pools, eaten in delicious restaurants next to a marina filled with forty-foot yachts, and marveled at a collection of world-class cars from around the US–Teslas, Rolls Royces, Land Cruisers, and many German-engineered automobiles.

Seabrook Marina--www.thethreeyearexperiment.com

We were able to vacation in such a luxurious setting mostly due to dumb luck (having to do with winning the genetic lottery). Continue reading “In Praise of Restraint”

How to Run Your Own Race

“To be beautiful means to be yourself.” 

― Thich Nhat Hanh

About three years ago, I was talking to a friend about training for a half marathon. “I would really love to finally run a sub-two (13.1 miles in under 2 hours),” I told him, “like [our other running friends.] But I’m just so slow!” “You have to run your own race,” he told me.

corn husks--www.thethreeyearexperiment.com
Life is beautiful.

Those words have stuck with me, probably because I struggle mightily with comparisons. I know, intellectually, that comparing yourself to Continue reading “How to Run Your Own Race”

February Net Worth Update

If you’re just joining, our family of four is on a three-year journey to double our net worth and become location independent so we can move abroad. Each month, I’ll keep you apprised of our progress. This year, we’ve got some major goals, including paying off our outstanding debt (car and apartment in Chile), replacing our roof, AND saving around $70,000. (Wow, that is scary to type all those goals out in one place). In January, we made some solid progress toward those goals, and got 7% of the way to doubling our net worth.

crazy snow--www.thethreeyearexperiment.com
This all melted a week later. No lie.

Ah, February. Month of heavy snowfall and rampant sickness Continue reading “February Net Worth Update”

The Story of How Two Average Joes Got Out of Debt and Got on the Road to Financial Independence: Part II

Does getting out of debt, saving more, or building net worth seem hopeless? Fear not. You can make lots of mistakes, start late, and still create financial independence.

boy swimming never give up--www.thethreeyearexperiment.com
Never give up!

Part I of this post details the beginning of Mr. ThreeYear’s and my financial story. Continue reading “The Story of How Two Average Joes Got Out of Debt and Got on the Road to Financial Independence: Part II”

2017 Goals

Since it’s February 15th, I thought it was a good time to start reflecting on my 2017 goals. (Just kidding, I’m just a little slow in posting these).  So, what are my goals for 2017? This is Year One of the Three Year Experiment, so I feel compelled to get them right.

my 2017 goal sheet--www.thethreeyearexperiment.com
My 2017 Goal Sheet

My Goal Sheet

I filled out my goal sheet several weeks before the New Year. I’m somewhat of a goal nut, Continue reading “2017 Goals”

The Three Year Experiment

Me, contemplating 40… or just cooking dinner.

In July, I turned 37. That felt older than 36. A lot, lot older.  For some reason, probably related to the fact that human beings have an innate sense, even as newborns, of the number 3, this made 40 feel really close. 40 feels old. I remember when my parents had their 40th birthdays like it Continue reading “The Three Year Experiment”