Posts filed under: Personal Finance

  • financial independence
If you could quit your job today and pursue one or more of your passions, would you? Is it really possible to quit your “real” job in your 30’s or 40’s? Imagine how much of the world you could see if you weren’t saddled to your desk working that 9 to 5. On a whim,......
  • handyman
I recently read this article from Mr. Money Mustache (MMM) named Making Space for Badassity. In this article, MMM challenges his readers to stay home for a weekend with zero plans. He writes, make a list of things you want to get done around the house or something you can do to improve yourself. Be the handyman,......
  • compound interest
I recall learning about compound interest when I was in 8th grade. My 8th-grade math teacher went over an interesting math problem: how much do we need to save to reach $1 million. This problem stuck with me because who doesn’t want to have $1 million?! In case you are curious, you would need to......
  • seven factors millionaires possess
Thomas J. Stanley and William D. Danko wrote the book The Millionaire Next Door in 1996. Dr. Stanley conducted interviews with millionaires between 1982 and 1996 to understand the wealth building traits these people possess: discipline, sacrifice, and hard work. Ultimately, Stanley and Danko developed the seven factors millionaires possess. If you haven’t read this book,......
  • health savings accounts
Whether you’re a fan of the new American Health Care Act (AHCA) or not, there is one valuable benefit in the new AHCA plan. The valuable benefit is increased contributions into a Health Savings Accounts. The contribution limits for Health Savings Accounts (HSA) are set to increase significantly for individuals and families. Below, the table......
  • ramsey's baby steps
My first avenue into the personal finance realm was a discussion with my Aunt. I forget exactly how the conversation went, but she was and still is a fan of Dave Ramsey. She spoke about his book and she eventually began teaching his course: Financial Peace University.  After our initial conversation about Dave Ramsey, I......
  • flooded basement
This past week was a bit stressful in the Grounded Engineer household. Mrs. Grounded Engineer called me at 3:00 pm on Monday afternoon to inform me we had water in our basement. Yep – I had a flooded basement. This post is a little off the normal personal finance realm, but I thought I would......
  • Review of the Ego Power+
This past week has been a bit expensive at The Grounded Engineer household. We purchased some furniture so we can actually use our basement. I also made a fresh purchase – a new, battery-powered lawn mower. In this week’s post, I’ll explain how we use Mint to budget for our new house expenses, and I......
  • how much money should you have by
The Millionaire Next Door is one of the most influential personal finance books I’ve read. This book is written by Thomas J. Stanley and William D. Danko, who wrote the book in 1996. Dr. Stanley conducted interviews with millionaires between 1982 and 1996 to understand the wealth building traits these people possess. The main traits......
  • farmhouse table
My wife and I have been in our house for a little over two months now. We set aside some money for things that we needed in the new house: washer, dryer, and dishwasher to name a few. The appliances in our house we replaced were pretty disgusting.  I could have looked for some deals......