Earn more, Spend Less and Invest!

By Mr. FrugalEnginerds

The Math

The equation of financial independence is simple and straightforward.

Money Earned – Spending = Money Saved/Invested over time = FI

On this blog, we mainly focus on living frugally by reducing unnecessary spending. However, there is a threshold where it’s unhealthy to dip below a certain level as it starts to negatively affect our standard of living, and thus reduce our overall level of happiness.  In Money Can Buy Happiness we discussed the relationship between income and happiness. We learned that the average American family making more than Continue reading “Earn more, Spend Less and Invest!”

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Frugalicious :: Wraps and Rolls!

By: Mrs. FrugalEnginerds

When I was growing up, my family didn’t have the luxury of going out for leisure, if we ever did was either to weddings or funerals, of course, the obligatory events, and even those were rare. Our weekends consisted of home-cooking, extra curricular activities, and/or doing house chores. My mother tasked each one of us with a chore based on our availability or luck of the draw. Mine was mostly cooking. It was an easy task for me as opposed to doing five loads of laundry or mopping the floors. Even though I was no more than fifteen at the time, I was already handling cleavers and knives like a real butcher [Mr. FEN said this was one of the reasons why he was fond of me, not sure if it was out of fear or genuine love]. I didn’t hate the fact that I had to cook for my entire family, nor did I love it. It was my way to contribute within my best ability. However, one of my fondest memories about having family dinner was how much I enjoyed everyone’s presence. We didn’t have a lot but we had each other and a lot of pretty darn good meals to reminisce.

For a short while, The FrugalEnginerds family has practiced turning our weekends into “home-cooking family time” [A family that cooks together, stays together]. One of our all-time favorite dishes is Gỏi Cuốn, or Vietnamese Spring Rolls. This simple dish is light, healthy, and refreshing and it doesn’t require a lot of cooking. It’s great for dinner parties. I can eat this dish all day, especially the sweet-creamy peanut butter dipping sauce…It’s absolutely addicting!

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Recipe for Vietnamese Spring Rolls, serves 2 for a full meal (~ 10 rolls) or 5 for appetizers Continue reading “Frugalicious :: Wraps and Rolls!”

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 Continue reading “Achieving Financial Independence”