2018 Spending & Investments Review
The past year was quite busy for our little family, as briefly described in our last article celebrating 2 years of blogging on ModestMillionaires. Let’s get into the financial side of 2018 with a detailed review of our spending and investments for that year. Overview of our spending This year we also celebrated the first […]
ModestMillionaires is 2 Years Old!
That’s right! It has already been two years that I write (at an admittedly sporadic rhythm) to document our journey towards financial independence. While I don’t write nearly as much as I would like, I am very happy to maintain this blog and continue to pursue our trajectory towards financial independence. 2018 on the blog: […]
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 […]
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 […]
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 […]
