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

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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Phnom Penh, Cambodia: The Killing Fields and A Royal Palace

Welcome back to another edition of Root of Good Travels the World. This time we’re recapping a slice of our seven week Southeast Asia vacation. After departing Saigon, Vietnam, we traveled for six hours to the heart of Cambodia, the capital city of Phnom Penh, where we spent a week touring around town. 

Phnom Penh is hard to summarize. There are towering high rise buildings and shiny shopping malls right alongside extreme poverty and squalor. But the city is thriving with activity everywhere we turned.

While in Phnom Penh we visited temples and palaces, caught an Apsara Cambodian dance show, and visited several sites memorializing the nation’s great losses suffered under the genocidal Khmer Rouge Communist dictatorship. 

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September 2019 Financial Update

Summer is officially over and fall is here (finally). Between the heat and humidity of our summer vacation in Southeast Asia and the excessively warm September in North Carolina, I’m definitely ready for cooler weather. Fall, my favorite time of the year, means more pleasant outdoor weather for lounging in the hammock and exploring the woods on foot and by bike.

September was a lazy month for us. I got in several nice bike rides, played a bunch of video games, and read a few books. I’m a big fan of leisurely pastimes in early retirement in case you haven’t noticed!

Financially, September was a really good month. Our net worth climbed by $45,000 to reach $2,123,000 by month end. Our income was very strong at $8,462 while our expenses were a puny $979 for the month. If every month were like September, then soon we’d be rich! 

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