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Category: Retirement

My FIRE Prowess Score

My FIRE Prowess Score

If you are like many in the personal finance community, you have more spreadsheets than you own shoes. We generally love our data sets and projections. I have one spreadsheet that lets me have all of my mortgage payments recalculate to see how different payment strategies would affect the final payoff date. A lot of us also love to track and make public our net worth. We do this to keep ourselves accountable for what we write and be on…

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Escaping The American Trap

Escaping The American Trap

When Ms Blue Ribbon and I were married we quickly fell into the American Dream Trap. We got our mortgage, new (financed) car, and extra loan (because we could). Everything was just as it was supposed to be. We were even starting to spend more a month than we were taking in. Having a Why That’s when it happened, our turning point. Ms Blue Ribbon and I had a baby, Mini Donut. This was our catalyst. I kept trying to make…

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Financial Regret: Not knowing is Not an excuse

Financial Regret: Not knowing is Not an excuse

I used to think I was pretty cool. I had a financial advisor. It seemed weird to say because I thought only rich people had them. I would ask him about advice for where to put my money in my 401k. He would direct me where my private Roth IRA allocations were. Eventually, when I rolled my 401k into an IRA he managed that too. When our son was born he created a 529 for him and set up that…

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Why I’m paying off the mortgage while saving for Early Retirement

Why I’m paying off the mortgage while saving for Early Retirement

The paying off your mortgage early vs. investing that money debate has been done to death. Everyone has heard the higher return on investment from the market generally outperforms a standard loan interest of around 3% argument. On the other side, everyone can sympathise with the idea of being completely debt free and having your own home. No mortgage sounds like the best thing since sliced almonds. (that’s the expression right?) Like a lot of other posts and the general…

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