January Net Worth Update

Our family’s dream is to move internationally in three years. In order to do that, we’ve set a goal of doubling our net worth by December 2019. While that amount of money won’t replace our yearly expenses using the 4% rule (yet!—we’re slowly bringing down our spending),  it will give us enough financial security to leave our “safe” jobs to travel.

For us “semi-adventurous” folk, having that nest egg in the bank is important. Everyone has different levels of tolerance for financial security.

My husband grew up very, very poor, in Santiago, Chile. While his family always had enough food to eat, he spent time after school collecting wood scraps in order to heat their house. His mom worked three jobs after his dad died, when he was 13, in order to keep their family afloat. As you can probably imagine, financial security is important to him.

Mr. ThreeYear as a boy

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The 50/50 Budget

I have a friend who is amazing in so many ways. She is giving, has co-funded charities that help refugees, and is so excited about life she never stops participating in cool events in our area. She has family who lives internationally so she and her family travel a lot. But she is terrified of budgeting. She and I have made dates to sit down and look at her budget but she keeps cancelling—she can’t bring herself to do it. She is afraid that if she puts the numbers to paper that she will be forced to stop doing something she likes—travel, supporting charities, enjoying local entertainment.

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I Changed This One Habit to Save Over $11,000 This Year!

Could you really implement one, just one habit into your life to save massive amounts of money in a year? 

You can, and it’s not too hard. I did it, and I saved over $11,000 in one year, without really trying to.

What in the world is this magic trick and how can you implement it? 

Read on.

The Excel Spreadsheet

It’s almost December, and I’ve just about completed the second year of tracking my spending on my good ole’ Excel Spreadsheet.

Wait, what? That’s the big secret? Tracking?

Yep. Sorry if you were expecting something more flashy.

But it really is as simple as that.

I started the habit last January (2015), when I wanted more control of my spending trends than my budgeting software was giving me.

Our family has made (and gone over) budgets since 2008, so I’d been keeping a close eye on our spending for many years.

I kept hearing advice that tracking your spending was important to financial independence, so…

I decided to manually track everything in my Super-Duper-Over-the-Top-Six-Sheet Excel Networth Spreadsheet.

And it turns out that manually tracking your spending is enough to change your spending behavior in major ways. 

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