Frugality is similar to mindfulness, you can easily lose it for a while especially with the busy way we live today, but fortunately, it’s always possible to regain your sense of frugality by bringing your attention to the appropriate things in your life. In our case, our grocery spending has been steadily increasing since 2014… Continue reading Mission : Reduce our Grocery Spending
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 house in 2013, our plan was to pay off our mortgage in 5 years for the many reasons detailed out in our Why we decided to pay off our mortgage quickly post. We took many steps to achieve this goal and surpassed it by a full year when we made our final mortgage… Continue reading How we Paid Off our Mortgage in 4 years