Financial Independence

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Steps to Financial Independence: Step 6

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Steps to Financial Independence: Step 6

The idea and reason for the name of this website is the goal of reaching the financial summit. This idea came about from thinking about hiking in the mountains. Hiking is one of my favorite things to do, but does not happen very often, because Houston doesn't have much of an elevation change. Therefore, I have to go on trips to visit and hike different regions across the United States. There is something about being in nature that calms your soul. There is something about trudging through the country side to eventually reach the top of the mountain. This can take hours and sometimes days, but it is worth the reward of the view from the top of the mountain. You might even get to sit down and enjoy a snack or a sandwich as you relish the view from the top. 

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We Can All Be Millionaires

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We Can All Be Millionaires

Becoming a millionaire has always seemed like an impossible feat for someone growing up in middle america striving to become a teacher. I had never thought about even reaching one million dollars. I didn't even know it was possible. Most people in this boat, (maybe you are one of them) don't believe that becoming a millionaire is possible. If this is you, then let me be the first (or the tenth or the thirtieth person whichever it is) to tell you:

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Steps to Financial Independence: Step 5

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Steps to Financial Independence: Step 5

Over a year ago, I wrote the fourth article in this series. I have been avoiding the fifth step, because there have been lots of other articles to write and I wanted to experience what it felt like to pay off the house early. I haven't reached this point yet, but we have done a lot in over a year. We have paid down over $25,000 in principal on our house and we are working towards paying off our house early.

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One Year into Our Mortgage: How's it Going?

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One Year into Our Mortgage: How's it Going?

Last year, I was celebrating the fact that we were debt free in early August. By the middle of August, we had officially purchased a house and were once again in debt. I don't necessarily believe that everybody needs to take out a mortgage to buy a house, but it is the one debt that I accept. It can be okay to take out a mortgage, because a house is an investment. Now, this doesn't mean that you should go and put yourself into 30 years of debt. I am personally a fan of the 15-year mortgage, because I prefer to get debt out of my life as fast as possible. Due to this belief, my wife and I took out a 15-year mortgage and have been making extra principal payments.

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Good News: Millennials are Preparing for Retirement

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Good News: Millennials are Preparing for Retirement

I think that this can go to show you that millennials can get a bad wrap, most of the time. All generations have entitled and lazy people. It just seems like the millennial generation has been hit with story after story of entitled lazy brats. I would say that lots of research shows that these news articles can be false, especially after Ramsey Solutions just released their results on Millennials and retirement.