Another great way to assure the success of your path to financial independence is to start a side hustle in order to grow your revenue and increase your savings rate. As mentioned in our 2017 spending review, the year 2017 was quite busy since Ms Mod launched a small side business. Indeed, I decided to… Continue reading Why Ms Mod Started a Side Hustle
Despite the lack of new posts since last Fall, we want to reassure you that the Modest Millionaires family is still on the road to reach their financial independence and that we have not abandoned the idea of maintaining this blog to document this journey. Now that the (very busy) 2017 year is a thing of… Continue reading 2017 Spending & Investments Review and ModestMillionnaires is One Year Old!
A recurring debate in the personal finance world is the choice between paying off a mortgage vs investing in the market. The Modests Millionaires are of the point of view that, statistically speaking, investing in the market is financially more beneficial in the long run. However many psychological benefits of paying off your mortgage… Continue reading Why we Paid off our Mortgage Quickly
When we purchased our home in 2013, our plan was to pay off our mortgage in 5 years. We aligned ourselves right from the start with that objective. Although at that time we were only planning to reach financial independence many years after 2025, we did know that paying off the mortgage was crucial for… Continue reading How we Paid Off our Mortgage in 4 years
Here we are already in July, with half of the year 2017 behind us. This is an excellent time to do a mid-year review of the Modest Millionaires family progress in terms of spending for 2017. I will also use this as an opportunity to expose our spending for 2015 and 2016 as well as… Continue reading Mid-Year Progress for 2017