I recently had a debate with a group of friends. We were discussing the merits of pursuing financial independence and, potentially, early retirement, versus maintaining a normal job until old age and never really striving to achieve a high level of individual financial success. I argued that everyone’s goal should […]
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Investing, Financial Independence, Early Retirement
2019 Rockstar Rumble: Final Results
The ride was fun while it lasted. We started as just 1 small blog in a crowded field of 128 competitors, but our article, “Pancakes Cost More Than You Think”, fought its way all the way to the final 16 in the competition. Though we didn’t make it any further, […]
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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 […]
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The 50/30/20 Budget
As I’ve admitted in the past, I don’t keep track of my finances with a conventional budget. Instead, I have implemented a system in which everything happens automatically. Bills are paid automatically, funds are saved/invested automatically, and money that is free to be spent is automatically allocated to specific accounts. […]
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How To Retire A Millionaire After Only 5 Years Of Investing
What if there were a way to spend all of your money, forgoing any saving or investing, and still retire as a millionaire? If you think that sounds too good to be true…I’d have to agree. Unless you’ve got a trust fund or large inheritance coming your way, you’ll probably […]
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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 […]
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The Magical Penny
Imagine this: a rich and eccentric old man has just approached you with a job opportunity. He needs someone to watch his mansion for the next 30 days while he’s out of town. All you’ll have to do is come by each day and make sure the gate is locked […]
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The Basics: Credit Card Interest
Credit cards, when used responsibly, can be an extremely valuable financial resource. They allow you to make purchases, both large and small, without the hassle or risk of carrying cash. Having a credit card gives you the ability to instantly and securely access funds that can be utilized at the […]
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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 […]
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Cutting Expenses Is More Effective Than Increasing Income
Just about everyone strives to increase their income over time. The more we make, the more secure we feel. When it comes to achieving financial independence, however, making more money is not always the most effective method. Don’t get me wrong, you should strive to make as much as you […]
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