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Loan One – September 2016 status

I am sick and tired of making those monthly payments each month. So I’m taking a lesson from all the wise people out there and apply all of my focus on one loan at a time. Let’s take them down one by one. I started this journey last month and picked the smallest loan that I have. Since its quite small, I am hoping the progress should be rapid. Here is my progress in the last one month. Currently, I am at about  23% toward my path to success. At this rate, I should be done in about  months. I…

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Building from Square One – Sep 2016 update 

In my last post, I shared my story about how I made a plan and then got back to square one because of some unexpected circumstances. Over the last month, I have worked diligently to build from there. Here are some updates on how that is coming along.  As I told you in my last post, I switched my bank over to Simple and it has been a wonderful experience. I love the fact that as soon as I swipe my card, I get an alert on my phone. It forces me to categorize the spend from one of the…

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Back to Square One

  “The greatest glory in living lies not in never falling, but in rising every time we fall” – Ralph Waldo Emerson I knew that the journey toward FI would require dedication. You need to plan carefully and take into account all possible scenarios. However, the trouble with plans is that it’s really hard to stick to them.I planned to be on a path toward FI but due to some unplanned expenditures, I had to dig deep into my emergency funds. Today I’m writing because I’m back to square one- with plans that have not gone as I have expected them…

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My Updated 2016 goals!

I had initially posted my 2016 goals a month ago. However, after some reflection on the goals, I decided that they needed some alteration. I am a firm believer in setting stretch goals, allowing them to sink in, making some minor modifications and keeping them within an achievable range. If you would like to read about my reflection thought process, you can find them here. The first change I made was to segment my goals. By looking at aspects of my life such as financial happiness and net worth, health and family, I was able to think through my goals much…

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How an energy drink changed my perspective towards financial independence

We have an Asian Market by our office. It’s an amazing market that has a wide variety of Asian groceries, spices and even a small restaurant that serves delicious food. When you step into the market, it’s almost like you suddenly travelled halfway around the world – the sights, smells, people and even the way goods are stacked and displayed. About a year back, one of our teammates brought back a unique dessert from the market to share with the team. After the success of that dish, almost every trip ended with a search for something unique. It became customary…

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Why reflect on 2016 goals now?

The blog world is abuzz. Every Personal finance enthusiast has thought through their 2016 goals and put them up. If you haven’t already, then it’s still not too late. We’re still technically in 2015 with 5 days to go! I personally have never felt so enthused about planning the new year and what I would accomplish. There is also a certain part of me that is worried about being too bullish in 2016. I already planned my goals and put them up here a couple of week back. However, I spend a bit of time reflecting on the goals and…

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A couple’s plan to execute the path toward FI

The path toward FI is not just about an individual person. The success of this journey demands complete family participation. I have come across many posts about frugal fatigue. Joe at Retire by 40 wrote about his experience here. Habits can be hard to change. Shifting from materialism to frugalism can be a journey. Like any other change in habit, this one is no less difficult. My family is a small one – just me and my wife. Fortunately, we have no kids yet. I have always envied families with kids that move toward FI. If convincing your partner is…

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How changing one Habit will save me $450K

Living the US, eating out has almost become the norm. In fact I have gotten so used to it that almost 80% of my meals used to be from a restaurant or cafe. One of the big habits I have been working on has been cooking my own meals. I wanted to share my reasoning and experience since I have a feeling I’m not alone in the world of “eat out 3 times a day” kind of people. While I was not distinctively on the path “toward FI” (FI => Financial Independence), I did start tracking my spending a couple…

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Tangible Inspiration – A way to fight frugal fatigue

We all get hit by frugal fatigue. What do you do when you know something bad is coming up?  Simple. You prepare for it. I was inspired by this post by Joe at Retireby40.org. He talked about his experience with frugal fatigue and how he was dealing with it. I started to wonder how I would prepare myself for a day when I got up and felt like throwing in the towel. I’m sure that all of us, frugalist’s, go through this once in a while. The more I thought about it, the more I realized the value of tangible inspiration. It is…