Category: Financial Freedom
Five Reasons Why it’s Great to be Debt Free
When Mrs. Groovy and I got married in 2002, we were up to our eyeballs in debt. She brought student loan debt to the marriage. I brought credit card debt, mortgage debt, and a car loan. And while technically not debt, we had a few other claims on our income that were just as onerous.…
Need to Save Money? Have No Friends!
Mr. Groovy and I currently save over fifty percent of our gross income. One reason we’re able to save so much is because we have no friends. Well, let me qualify that. We have no friends that live near us. Nine years ago we moved from Long Island to Charlotte, North Carolina, and yet after…
Financial Independence and Politics
I detest politics. I’m at the point now where I find it impossible to even look at a politician, regardless of party. So why does this blog occasionally veer into an area of life I find so objectionable? Because failure to do so would be a dereliction of duty. Let me explain. Achieving financial independence…
Can Tiny Houses Solve the Retirement Crisis?
A large number of Americans on the cusp of retirement, those aged 55 to 64, are in trouble. According to a recent Bloomberg editorial, the median household retirement savings for people in this age group is a meager $14,500. Fourteen thousand, five hundred dollars is a scary number. It effectively means that half the households…
How to Start Working Out Your Saving Muscles
To achieve financial independence (FI), you have to save at least 25 times your annual living expenses.* For example, if it costs $25,000 a year to feed, clothe, shelter, educate, doctor, and entertain yourself, you’ll need to save $625,000. Once you’ve hit this savings multiple, you can live off the dividends and capital gains that…