Goal Achieved! – Monthly Financial Update – March 1, 2024
The Monthly Financial Update gives our readers an inside look at the allocation and performance of our investment portfolio. At the beginning of each month, we share a snapshot of our investments and highlight their performance over the previous month. In addition, we compute our progress towards achieving our retirement […]
Treat Stocks Like Real Estate During A Market Crash
“The stock market is dropping like a rock!” “We are entering a bear market! No, it’s even worse than I thought, a recession!” “Oh. My. Gosh! It’s a DEPRESSION!! I’m losing all my money!” “I’ve got to get out of the market before I lose everything!” At some point, every […]
How Much Money Do You Really Need To Retire?
How much money does someone need in order to safely retire? I’m sure this question has given many aspiring retirees pause. After all, no one wants to be forced back into the workforce once they’ve made the life-altering decision to leave it. Would a $250,000 savings be enough? How about […]
Your House Is Not An “Investment”
Believe it or not, I’m not against purchasing a home. I know I’ve expounded on the fact that, in many cases, renting is better than buying and have shown that paying off a house quickly can potentially reduce your wealth by hundreds of thousands of dollars, but I didn’t write those […]
Paying Off Your Mortgage Early Could Cost You $100,000…Or More
If you’re a homeowner, at some point, someone has undoubtedly advised you to pay off your mortgage early. They’ve probably suggested early payoff techniques like paying bi-weekly instead of monthly, allocating extra funds directly to the principal, or increasing your payments by some amount each month. Some may have even […]
What Does It Take To Become A Millionaire?
One. Million. Dollars. It’s the holy grail of saving. At some point, we’ve all imagined obtaining the title of “Millionaire”. But what does it take to save $1,000,000? Is it actually an attainable goal for a normal person or is it just a fun fantasy to play out in our […]
Time Is Your Most Powerful Investing Tool
If you’ve been consistently following the posts on GoGreenDollar you know that there are a multitude of resources for the aspiring early retiree. We’ve broken down the process of setting up an investment account into step-by-step instructions. We’ve mapped out how to allocate investment capital and exactly what to invest it in. We’ve […]
Renting Is Better Than Buying
You know renting is the same as throwing money away, right? 30 years from now you’ll look back and regret not purchasing a home sooner. Why haven’t you bought a house yet??? My mortgage payment is less than your monthly rent! You could own a home for what you’re paying. […]
The Stock Market Always Goes Up
My first taste of investing came after graduating from college and starting my first “real” job. This initial experience consisted of picking which funds–from a list of 10 or 15–I would invest in, in my 401k. I spent about 30 minutes “analyzing” the historical performance of the funds and then […]
Best Strategy To Erase Debt, For Good
Debt. It gives us spending flexibility by providing the resources to purchase big-ticket items we’d otherwise be unable to afford. It allows us to delay payment on purchases and to spread the total amount owed into smaller sums, paid overtime. The process for accessing debt can be as easy as […]
Surprisingly Simple Investment Strategy For Retiring Early
The other day, while browsing through YouTube videos, I came across one that featured Tony Robbins discussing investing. I watched the video and found it had some good, if not groundbreaking, suggestions. There was one portion in particular that really stood out to me, however. Robbins suggested that you should […]
The Simple Formula I’m Using To Retire In My 30’s
Wake up, go to work, spend a few hours with family, go to bed, rinse and repeat. Some form of this routine probably describes the typical day for most of us. Throughout our lives, we’re conditioned to believe that we should follow this monotonous series of actions for 30-40 years […]
