Blog Posts
We are 12 days removed from the end of the holiday season. We are 12 days from the beginning of a new year. This is the perfect time to make a change. This is a perfect time to start preparing for retirement. This is the perfect time to stop expecting things to start taking control of your own life. This is the perfect time to start saving more money.
Sure there are some wealthy people that inherited their wealth, but a majority of wealthy people built their wealth over long periods of time. They had to take some risks. They had to sacrifice a little. They had to make changes in their lives. Some self-made millionaires realized that they had a problem and did something about it. They didn't just sit around waiting on things to get better, but instead they did something to change their lives.
Every quarter and every year, I breakdown our spending and savings rates. A spending rate when compared to a savings rate will affect how fast you can reach financial independence. The lower your savings rate, then the longer it will take you to reach the financial summit. In 2016, we had a 35% savings goal, which is 5% lower than our savings rate in 2015. Our goal dropped because of home ownership. It is amazing at how much money a house can suck out of your bank account. With all of that in mind, let's break down the October savings rate.
Maybe, I am different than most people, but I love this time of year. I love spending time with family. I love trying to find gifts for people on my gift list. I love decorating and enjoy listening to Christmas music throughout the season. I will sometimes even listen to Christmas music in the summer, which can annoy my wife.
Back in the beginning of this great nation, there were great leaders that imagined a different kind of country. A country built on the freedom of all men. A country where anybody can pursue their own happiness. A country where people can make something out of nothing in their own lives. This country was built on the imagination of our forefathers.
