We have officially completed (slightly more than) half of the year! We’re calling this year, which is Year One of our family’s plan to reach location independence, the Year of Good Habits. Each month, I’ve focused on improving or developing one new habit. Sometimes the habits are directly related to personal finance and sometimes they’re related to general self-improvement. At the end of each month, I have been continuing the last month’s habit (or trying to) and adding a new habit in. (May I suggest, however, that you not try to adopt more than one or two per year? Twelve is a lot. This is more an experiment in extremes for our doubling-our-net-worth-in-three-years goal).
Habits–whether intentional or not–have been proven to be incredibly important. They are routines that are so ingrained into our days that many of them we follow without realizing we do so. Continue reading “A Year of Good Habits: Quarter Two Update”
Summer’s here! At least it is for the Junior ThreeYears and me. All three of us are out of school for the next nine weeks. So, what better time to whet our appetites for location independence than a summer road trip?
Last year, the three of us hopped in the trusty Prius and drove all the way from Northern New England more than 14 hours to North Carolina, to stay with my sister and her family, and then South Carolina, to stay with my parents. We spent four glorious weeks with no agenda and no plans except to spend time with our family and enjoy the summer.
This year, we’re going to repeat the experience. We’re currently busy preparing for our departure. How did we decide to spend a month “down South” and how did we make it happen? Continue reading “Our Summer Road Trip”
We have entered the first days of June. June, sweet June, has continued wet and cold here in New Hampshire. I’ve tallied the rain days–fourteen and then, after a few days of respite, seven. Still, school ends in eight more days, flowers are blooming, and the boys and I are headed to the South for our annual summer road trip at the end of the month. Life is sweet this time of year.
It’s amazing that at the end of the month we’ll have finished half of the year! In some ways, it’s lovely to see the progress towards our goals we’ve made this year, and personal growth we’ve made as a family, in helping the kids navigate school and friendships, and finding the best combination of after-school activities and fun without going over the top.
We’ve also started the process of replacing our roof, and just sent a check in for 50% of the cost–$7,000 dollars of our hard-earned, after-tax dollars. I just keep telling myself that we’ll have a beautiful new roof that won’t leak and will make the house sellable! And I’m grateful that we’ve saved up that cash so we don’t have to panic or take out a loan for this major home repair. Continue reading “A Year of Good Habits: Don’t Throw Away the Food!”
There are hundreds of new apps that purport to make our lives better, but sometimes it’s hard to wade through and figure out which are really worth incorporating.
That’s why I wanted to share a couple of apps and browser extensions that I’ve been using lately that are awesome.
Unroll Me is a free service that cleans up your inbox. I get a lot of subscription emails from LinkedIn, my local hardware store, the National Council of English Teachers, etc. These are emails that I don’t want to unsubscribe from, because the information they contain might be useful. But it mostly clutters up my inbox (there should be an “appropriate amount of emails to send weekly” course for these stores!). This brilliant service allows you to either unsubscribe from or “roll up” the emails you don’t want to hit your inbox. Continue reading “My Favorite Online Tools to Save Time and Money”
When Mr. ThreeYear and I decided to turn our financial lives around in 2008, we had a lot to learn. When we first started to budget, we wasted tons of money on what we now consider unnecessary expenses (things like alarm systems, cable, and yard service).
We were living in Atlanta at the time, and the dominant culture in that city can be a bit… showy. Since public transportation is limited there, as it’s one of the most spread-out metropolitan areas in the country, cars are a must. And one of the most popular Atlanta pastimes seems to be car one-upmanship. There was even a Lexus Lot at Turner Field, so that Lexus owners could park their cars in an exclusive lot much closer to the field. We were driving a BMW and an Acura at the time (although they were both very used), even though we had debt.
Then we moved to New England and we were exposed to a completely different culture. In the rural New England hamlet where we live, people like to say that they’re of hardy stock. After all, you have to be tough to brave seven months of snow, mud season, and the fierce weather that characterizes the very northeastern-most region of the country. Natives of this region are often seen in January in nothing more than plaid shirts, jeans, and boots, with temperatures in the teens (that’s roughly -10 for you users of Celsius). Continue reading “Planing Our Way to Frugality”
On our journey to financial independence, most of us know by now that we need to spend less than we earn and invest the difference. There is no magic formula for building wealth, other than focus, restraint, and patience.
Or is there?
It’s been said that personal finance is 90% behavioral. For our family, that was definitely true. We understood the how of personal finance pretty quickly, and in fact, the more we simplified, the better results we had. Pay off debt, max out retirement accounts, invest in low-fee index funds. The why of personal finance was much more difficult. It’s been much harder to curb our desire to spend in the here and now for such a distant goal. Continue reading “Our Secret Weapon Towards Financial Independence”
It’s May! At last, in New Hampshire, flowers are starting to bloom. The trees are changing colors–light greens and yellows, deep reds, are starting to emerge in the vast forests along the interstate. It’s the time of year to be out in nature, to rejoice in the sunshine and the promise of warmth. It’s also a time when it’s easy to get distracted from your financial goals, to let the warmth and ease of summer melt away the self-discipline and resolve needed to make it through winter. (Figurative winter, we’re talking about. Spring is a time, apparently, when I wax poetic).
There are about six weeks left for me in the school year, and I’ve begun to reflect on this past few months as summer approaches. Professionally, it’s been a great year. Continue reading “A Year of Good Habits: Drop Your Phone in the Toilet”
In this great big world of ours, we have many options. We could live virtually anywhere. So why don’t we? Why is it that we get trapped in a city we don’t really care for, doing a job that’s not our favorite, fulfilling the expectations that society has for us, but that aren’t our own?
I have a friend who’s lived all over the world. She has lived on four continents in the fifteen years that I’ve known her. And yet even she and her family are debating where to live next, now that she’s tied to a job in Europe when their home was in Asia. Should they stay in Asia? Should they move to Europe? What would be best for her husband’s business? What would be best for their daughter?
Tons has been written about decision fatigue, busyness, and the lack of focus associated with always being connected to the internet.
We know that too many options, in whatever form they take, produce paralysis. Continue reading “The Paradoxical Problem of Choice”
Hi! If you’re new here, I’m Laurie and my family and I are on a three-year journey to location independence by doubling our net worth so we can move abroad.
During our three year experiment, one of our goals is to get our house ready for sale. To that end, we asked a realtor to visit last month and give her opinion of what needs to be done to make the house ready. It turns out, a lot. But the good news is, we have time to tackle all of these projects slowly, so we’ll be able to do a lot of the work ourselves.
Mr. ThreeYear and I are not DIYers. And we’re not especially detail-oriented. But we are committed to amplifying our skill set and learning in order to get the house ready. Continue reading “Updating Our Pendant Lights”
We have officially completed the first quarter of the year! We’re calling this year, which is Year One of our family’s plan to reach location independence, the Year of Good Habits. Each month, I focus on improving or developing one new habit. Sometimes the habits are directly related to personal finance and sometimes they’re related to general self-improvement. At the end of each month, I have been continuing the last month’s habit (or trying to) and adding a new habit in. (But, just for totally transparency, I would not recommend starting so many new habits in one year for the average person. This is more an experiment for the blog. In real life, I try to add in one or two new habits a year).
Habits–whether intentional or not–have been proven to be incredibly important. They are routines that are so ingrained into our days that many of them we follow without realizing we do so. Continue reading “A Year of Good Habits: Quarter One Update”