Goal Progress: Update #15, May 2017

It’s been 15 months since we set a goal to pay off the mortgage (on our condo) and to have a net worth of at least $1M by 2020. This is the 15th update on the progress of the goal. If you’re wondering why we set this goal, click here. In the interest of better disclosure, I want … Read more

Millennials, Here’s How You Should Invest Your Money

Millennials Here's How You Should Invest Your Money

How do you invest your money? Some people have been asking me how I invest and how they should invest their money. I’ll admit that I haven’t been totally transparent about my investments. I just put a number that represents the total of our investments in my monthly updates. Related: April 2017 Goal Progress: Update … Read more

Goal Progress: Update #14, April 2017

It’s been 14 months since we set a goal to pay off the mortgage (on our condo) and to have a net worth of at least $1M by 2020. This is the 14th update on the progress of the goal. If you’re wondering why we set this goal, click here. In the interest of better disclosure, I want … Read more

How Much Does a 1% Difference in a Mortgage Rate Make?

how much difference does 1% in a mortgage rate make?

Homes have been flying off the market because the supply is so low and buyers greatly outnumber sellers in most markets. Many people are jumping into the market in hopes of becoming a homeowner before mortgage rates rise. Let’s say rates do rise a full 1 percent by the end of the year. How much … Read more

Goal Progress: Update #13, March 2017

It’s been 13 months since we set a goal to pay off the mortgage (on our condo) and to have a net worth of at least $1M by 2020. This is the 13th update on the progress of the goal. If you’re wondering why we set this goal, click here. In the interest of better disclosure, I … Read more

3 Reasons to Refinance Your Student Loans

3 Reasons to Refinance Your Student Loans

This post may contain affiliate links. Please read this disclosure for more info. I recently refinanced one of my student loans. I think it was a smart move because I’m no longer paying close to 7% interest on that loan. However, the decision really wasn’t that simple. There are several things to consider before refinancing a loan. … Read more

10 Ways to Pay Off Your Mortgage Faster

10 ways to pay off your mortgage faster

What would you do with your money if you no longer had any debt payments? How would it feel to not have credit card payments, student loan payments, car payments, or mortgage payments? Being completely debt-free is something most people won’t experience until much later in life. However, there are a growing number of people who … Read more

Dr. FrugaLee’s Financial Independence Goals

Dr. FrugaLee's Financial Independence Goals

I had never really heard of ‘financial independence’ as a concept until Mr. FrugaLee started talking about it here. This whole idea is new to me. I’m still exploring what it is because everyone has their own definition. To me, financial independence means planning ahead, setting goals, and working hard so that you can live … Read more