Mrs. Groovy and I started 2016 with a net worth $15,135.29 greater than the net worth we had on January 1, 2015. Not a spectacular year, especially when you consider that we put $72,800 into the market last year (this number also includes our employer contributions). So what went wrong? The S&P 500 was down …
Continue reading “2015 Year In Review – Investing and Net Worth”
My cousin and her family recently deserted Long Island for Wake Forest, North Carolina. This was the first time in nearly 10 years that Mrs. Groovy and I celebrated Christmas with them, and we decided to mark the occasion by getting each of their two small kids a gift card. But soon after we purchased …
On the wall by my refrigerator hangs this chalkboard. It shows the number of months remaining before Mrs. Groovy and I assert complete control over our time. Come the end of 2016, we will ditch our jobs and join the ranks of the retired class. Having an extra forty to fifty hours a week to …
Legendary Hollywood producer Samuel Goldwyn purportedly said the following: The harder I work, the luckier I get. Now whether Mr. Goldwyn uttered this line is beside the point.* The point is that someone saw a connection between effort and good fortune—those who sat on their arses the least were the ones who got visited by …
The cost of college is a major impediment to financial independence. Every dollar that is used to fund a 529 plan, or pay a student loan, or support a state’s university system, is one less dollar that can be contributed to a Roth IRA or a 401(k). For the past several decades, the game plan to …
Continue reading “The Groovy Way to Lower the Cost of College”