Retired at 33. I'm here to share some financial wisdom with everyone.

April 2020 Financial Update

Another month in the record books. What a month it was! During these “interesting” times we are taking it one month at a time and remaining flexible about our expectations for the near future. It appears we are on the cusp of everyone giving up on the whole “stay at home” thing and doing whatever they want. So maybe everything will be okay. Or maybe we’ll be in Lockdown Round 2 in another month or two. Just have to adapt and stay flexible at this point!

At least while we are stuck at home, the weather here in North Carolina is beautiful so we have been able to enjoy the outdoors a lot. We also celebrated another kid’s birthday, held an immediate-family-only Easter egg hunt, painted a bathroom, and homeschooled our kids. I’m ready for a vacation! 

From a financial perspective, April was an incredibly great month for us. After a devastating March, our net worth skyrocketed by $134,000 to end April at $1,953,000. Our income was very high at $8,548 while our expenses were low at $1,324 for the month of April. 

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March 2020 Financial Update – Rollercoaster Edition

Did March seem like a particularly long month to anyone else? Looking back at my month in review, I have a hard time believing the world has changed so much in one month. In America it was mostly business as usual on March 1st. However by March 31st we are all self-isolating at home, many places are shut down, and international travel is nearly impossible. 

North Carolina hasn’t been particularly hard hit yet. One model forecasts that we won’t run out of hospital beds or ventilators during the peak in a couple of weeks, so that should help our local situation even more. Other folks in the rest of the country and overseas haven’t been as fortunate. 

As with last month’s update, I’ll go over our finances and provide some more thoughts on current events near the end of this article. 

Financially, March was about as ugly a month as I ever expect to see in my lifetime. Our net worth dropped by $298,000 to reach $1,819,000 by the end of the month. Income was relatively strong at $7,832 while expenses remained very low at $1,600 for the month.

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Confessions Of A Frugal Millionaire

Unless you are an heir to a big fortune or you have won the lottery, you have to work hard to have money.  To accumulate wealth, you have to make more money than you spend.  The key is to keep your expenses low.  And there will be sacrifices.  Nothing crazy though.

At the Root of Good household, our clothes are not from the mall, we don’t dine out at Ruth’s Chris, or deck out our split level home with the latest from Pottery Barn or Williams Sonoma.  We choose not to quench our thirst with Dom Perignon or Dasani.  Yes, we have made sacrifices.  At first we balked at some of these sacrifices, but we gave them a try.  You never know until you try right?

We have decreased our expenses by carrying our lunches in disposable plastic grocery bags (which also make great suitcases).  We refill disposable water bottles and reuse disposable straws and plastic utensils.

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February 2020 Financial Update and thoughts on the Coronavirus

Well folks, we’re in the middle of a pandemic. It’s amazing how much life has changed since I wrote my last blog post a month ago. I am certain that the next few months will bring even more change. 

I’ll cover my regular monthly financial stats in the first several sections of this post and share some more general thoughts on the coronavirus and its impacts in the last sections. 

Financially, February was a rocky month for our investments. Net worth declined significantly by $114,000 to end the month at $2,117,000. The silver lining is that income for the month remained very strong at $5,298 while expenses totaled only $2,618. 

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January 2020 Financial Update

January is over and February is already half way over. It’s been a busy month here at the Root of Good house and I’ve been a total slacker when it comes to blogging. Since the start of the year we have researched, planned, and booked not one, but two (!!) big international trips (more details below). The unseasonably warm winter weather has proved quite a distraction too (in a very good way). 

Financially, we had an okay month of January. Net worth declined $30,000 to end the month at $2,231,000. Income for the month remained strong at $3,270 while expenses totaled only $2,682 including a few dozen travel hacked international plane tickets. 

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December 2019 Financial Update

After a busy end of the year, it has taken me a while to pull this monthly update together. In December, we spent twelve days on a cruise. Once we returned home, the Christmas holiday season started shortly thereafter. Then the New Year’s celebration commenced. In between were several other gatherings of family and friends.  I’m looking forward to a much lazier 2020! 

From a financial perspective, we had a great month in December. Our net worth climbed $63,000 to reach another all time high of $2,261,000. Our spending was slightly below budget at $3,193 while our income was a monstrous $23,579 for the month. 

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November 2019 Financial Update

Here we are in the middle of December with just a few weeks left in the year. Where did the year go? It’s busy times as usual here in the Root of Good household. As I write this we are packing our bags to set sail to the Caribbean (again) on the MSC Divina and by the time this post goes live we’ll be somewhere in the Caribbean just off the coast of South America. Life is treating us pretty well!

On the financial front, it was another great month. Our net worth climbed by $31,000 to reach another all time high of $2,198,000. Income remained strong at $3,184 for the month while expenses remained rather low at $1,420. 

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How to Visit Angkor Wat Temple in Siem Reap, Cambodia

“Hey look it’s another 1,000 year old temple! And monkeys are climbing all over us!” That’s right, we spent a week in Siem Reap, Cambodia touring the ancient temples of the Angkor Wat complex.

Our visit to Siem Reap was part of our seven week Southeast Asia vacation that included two weeks in Vietnam and a week in Phnom Penh, the capital of Cambodia. After Siem Reap we headed to Thailand for a month where we visited Chiang Mai, Chiang Rai, and Bangkok.

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October 2019 Financial Update

Another month flew by! In October, we embraced the fall weather and enjoyed the changing of the leaves. The kids enjoyed dressing up for Halloween and gathering huge sacks full of candy. All of us enjoyed the very mild weather which makes the outdoors way more fun. 

On the financial front, it was another great month. Our net worth climbed by $44,000 to reach an all time high of $2,167,000. Income remained strong at $3,183 for the month while expenses remained moderate at $2,628. 

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