Why Ms Mod Started a Side Hustle
Another great way to assure the success of your path to financial independence is to start a side hustle in order to grow your revenue and increase your savings rate. As mentioned in our 2017 spending review, the year 2017 was quite busy since Ms Mod launched a small side business. Indeed, I decided to […]
2017 Spending & Investments Review and ModestMillionnaires is One Year Old!
Despite the lack of new posts since last Fall, we want to reassure you that the Modest Millionaires family is still on the road to reach their financial independence and that we have not abandoned the idea of maintaining this blog to document this journey. Now that the (very busy) 2017 year is a thing of […]
Why we Paid off our Mortgage Quickly
A recurring debate in the personal finance world is the choice between paying off a mortgage vs investing in the market. The Modests Millionaires are of the point of view that, statistically speaking, investing in the market is financially more beneficial in the long run. However many psychological benefits of paying off your mortgage quickly convinced […]
How we Paid Off our Mortgage in 4 years
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 […]
Mid-Year Progress for 2017
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 […]
Why the Modest Millionaires are Reaching for Financial Independence
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 […]
My Frugal Pregnancy
I discovered during my two pregnancies, that there is whole world of advertising and products marketed directly to pregnant women. It’s possible to have a frugal pregnancy even with all that advertising geared towards you. From fashionable maternity wear, to maternity photo shoot, books and birthing programs, as well as exercise programs for expecting and […]
The Importance of Understanding Your Income Tax Return
Spring is finally here, birds are singing, the snow is melting and the deadline to file our income tax return is almost upon us! I have a feeling that not many take pleasure in preparing their income tax return, even for myself, despite being a person who likes playing with numbers, I find that preparing […]
The Wealth of Simplicity
Have you ever questioned your spending? Ultimately, the real reason we spend money is to find a certain quantity of happiness. I’m not talking about the momentary happiness that the purchase of a piece of clothing or the latest popular electronic gadget will bring you but real happiness, from what we consider that this purchase […]
Enjoying the Present on the Way to Financial Independence
Considering my focus on reaching financial independence, some might think that I would be the type to sacrifice in extreme ways to reach that goal. Let me assure you that our family’s level of savings and spending feels completely comfortable to us. We simply find happiness in a lifestyle with a level of spending that […]
