January 2017 Financial Update


January is over and what a fine January it was for our finances! Our net worth climbed another $38,000 to $1,718,000 and in the process we broke through another $100,000 milestone. Income for the month of January was solid at $5,068 while expenses remained roughly on budget at $3,378 in spite of a few large, lumpy quarterly or annual expenses.

After finishing 2016 about $1,000 under our $40,000 budget with total spending of $38,991, we are off to a great start in 2017.

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Living a $100,000 lifestyle on $40,000 per year – 2016 Expenses in Review


“Oh you live on $40,000 per year? Guess you like camping in the van underneath the highway bridge huh? Still enjoying those rice and beans? Three kids cost $40,000 per year right off the bat so it’s clearly impossible!”. This complainer clearly doesn’t know how we spend money.

Living well on $40,000 per year is possible and I’m here to explain exactly how by going over all of our expenses during 2016. Later in the article I’ll explain why our spending affords us a lifestyle that costs most other people $100,000 per year. And I don’t think many would argue that a $100,000 per year lifestyle is a tough way to live.

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Cruising the Caribbean aboard the MSC Divina


What’s the best way to fight off winter’s chill? Spend a week cruising the Caribbean of course! Right before Christmas the Root of Good family did exactly that. I wanted to share a few pictures from our eight day, seven night cruise aboard the MSC Divina sailing out of Miami, Florida.

After two lazy days at sea, we reached the island of St. Maarten where we watched airplanes zip by just feet off the beach. The next day we docked in San Juan, Puerto Rico where we explored the city and toured the Castillo San Cristobal fort. Then we enjoyed another relaxing day at sea before we reached Nassau, Bahamas. We didn’t get off the boat in Nassau since we seem to visit the island on every cruise we take. Relaxing on the ship while everyone was on shore proved to be the perfect way to spend the last full day of our vacation.

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December 2016 Financial Update


Now that the year end celebrations are over, it’s time to get down to business. Our December finances closed on a strong note with a big $29,000 boost to our net worth, bringing the total to an all time high of $1,680,000. Our income for the month totaled $16,120 primarily due to year end dividend income while our expenses increased to $6,326 thanks to some incredible travel deals.

We closed out the year just under our $40,000 budget with total spending of $38,991.

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