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
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. Our expenses for… Continue reading Mid-Year Progress for 2017
Many have questions with regards to our 2025 Plan for reaching financial independence at a young age. Indeed it is quite out of the ordinary to choose to live a more modest life in order to reach the financial freedom that will allow us to choose to work or not way before the average age… Continue reading Why the Modest Millionaires are Reaching for Financial Independence
Our 2025 plan is a 10 year plan in order to achieve our financial independence. There are two important parts to this plan: Maintain low and predictable spending. Increase our investments in order to achieve a total invested amount allowing us to cover our expenses with a 4% withdrawal rate. To view a short summary… Continue reading The Modest Millionaires 2025 Plan
