Achieving Financial Independence

By Mr. FrugalEnginerds

**We are super excited to post our very FIRST post, it’s like unwrapping presents on Christmas morning.**

The future is bright, we can see the light at the end of the tunnel!

As of this blog post, we arbraveheart_freedom4e approximately 25% closer to achieving our goal of Financial Independence aka “FREEDOM” in 10 years. Maybe even sooner if our investments exceed our expectations, time will reveal the truth. Our saving and investing rate is currently at 45% of our combine income. Definitely, improvements are much needed in this department. Our short term goal is to reduce our spending and increase our saving and investing rate to 50% by the end of the 2016. Perhaps even, 55%-60% by the end of 2017, a challenge we will gladly accept. Cue in Barney Stinson from How I Met Your Mother, “CHALLENGE ACCEPTED”. Also, any additional income from pay raises, bonuses, windfalls, etc… will go directly to our saving and investing accounts.

But wait, there are and will be more! barney-stinson1

We planned to eat more delicious home cooked meals prepared by Mrs. FEN and bring our lunches to work more often, which should reduce our restaurant expenditures by 50%. Mrs. FEN is the executive chef in our family. Just so you know, she can whip up a mean meal within 15 minutes. Furthermore, we plan to switch cell phone carrier once our contract expired from Verizon to Republic Wireless the estimated cost will be reduce by 65%-75%. We have heard great things about Republic Wireless and are ready to jump ship. As we figure more ways of reducing unnecessary spending we will share them with you. Mistakes, big and small will be made along the way, and we look forward to each one. The journey once reached is more satisfying with challenges along the way, right?

We would love to hear your ideas on how you eliminate your unnecessary spending, financial independence, and share recipes, or if you have any questions feel free to leave a comment.

I have to excuse myself now as Mrs. FEN is making boiled crawfish with all the fixings for dinner. See you around!

If you want things your never had, do the things you never do.

-Someone smarter than us


3 thoughts on “Achieving Financial Independence

  1. MrFireStation

    Sounds like a great dinner! We are set for our FIRE Escape in just 4 more weeks (4/1). When I look back on the last 10 years the keys were: 1) focusing on building income/career; 2) maintaining a relatively flat lifestyle & banking raises & bonuses.

    Liked by 1 person

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