August 2025 Early Retirement Update – Back to School Edition

Welcome back to another monthly update from Root of Good! We’ve been back at home in Raleigh for a couple of weeks after spending most of August on two different cruises. We’ve had plenty of time to rest and recuperate before our next big adventure that commences in a few more days. Soon we cross the pond for another two week cruise around Europe. 

A bit of family news – after graduating college, our middle child accepted a full time job offer last month. She is scheduled to start next week. Another worker to keep the economy booming and another taxpayer to keep the government revenues flowing! 

On to our financial progress. August was an incredible month for our finances. Our net worth increased by $122,000 to end the month at $3,760,000. Our August income of $1,862 was almost enough to cover our spending of $2,452 for the month.

Let’s jump into the details from last month.

Read more

July 2025 Early Retirement Update – British Isles Cruise Edition

Welcome back to another monthly update from Root of Good! I’m back home in Raleigh for a few days between trips so I’ll give an update on what we’re up to. 

We just returned from Europe where we spent two and a half weeks in late July and early August cruising around the British Isles, Ireland, Isle of Man, and northern Europe. We also had a full day in London before our cruise to explore the city. 

The itinerary for our July/August cruise had some overlap with our June British Isles cruise however we still made it to many new ports of call this time around. The weather was also much nicer in July and August. 

In the next couple of days we hit the road (skies? waves?) again for a week-long Caribbean cruise with two of our kids. Our middle child just graduated college and doesn’t have a job yet, so we’re squeezing in a short family vacation with her before she gets busy with work. When we return to Raleigh, it’s back to school for our son who will begin his last year of middle school. 

On to our financial progress. July was a great month for our finances in every regard. Our net worth increased by $41,000 to end the month at $3,638,000. Our July income of $7,163 was way more than enough to cover our spending of $1,992 for the month.

Let’s jump into the details from last month.

Read more

May and June 2025 Early Retirement Update – Busy Travel Season Edition!

Welcome back to another monthly update from Root of Good! This is a bonus edition covering the last TWO months. Many readers reached out to me to find out where the May update went. The truth is I was way too busy with a series of back to back to back cruises around the world. I only had a few days in Raleigh between each cruise, so I had to focus on other things while in town.

In May we flew to the west coast and took an 11 night cruise to Alaska. After that, we flew home for a few days. At the very end of May we flew to London to start our two week cruise around the British Isles and Europe. 

Once home in Raleigh again, we set out on a week-long cruise around the Caribbean with two of our children. One of our kids graduated college in May. She started her new full time job at the very end of June, so we squeezed in one last family vacation before the “fun” of a career starts for her.

Right now we’re enjoying almost a month at home in Raleigh before we head back to Europe for another two week cruise and a bit of London explorations. 

On to our financial progress. May and June were excellent for our finances! I should travel and ignore my finances for two months at a time more often because it seems to be working well. Since April, our net worth increased by a whopping $246,000 to end the month of June at $3,597,000. Our combined May and June income of $17,628 was way more than enough to cover our spending of $8,193 for the two month period.

Let’s jump into the details from the last two months.

Read more

March 2025 Early Retirement Update – Vacation Edition

Welcome back to another monthly update from Root of Good! We have enjoyed almost a full month back at home in Raleigh since our last vacation but we’re about to hit the high seas again in a couple of days. 

We also managed to take a short mini-vacation in the middle of March with all of our kids. Our family visited the Outer Banks of North Carolina for two days during a nice and warm weekend.  

Overall, March was a busy month for me between preparing my own taxes and planning a bunch of trips throughout the summer and fall. Hopefully April will bring a slower pace of life since I don’t think I’ll have as many “chores” to take care of. 

On to our financial progress. March was a good month for our finances overall. Our net worth declined slightly by $14,000 to end the month at $3,347,000. Our March income of $13,401 was more than six times higher than our spending of $2,136 for the month.

Let’s jump into the details from last month.

Read more

February 2025 Early Retirement Update – Springtime Edition

Welcome back to another monthly update from Root of Good! This month’s update is a little later than usual since I’ve been on vacation during the first part of March. We got home a few days ago and I’m finally catching up on things around the house. 

Our last cruise was actually two week-long cruises back to back on the MSC Seascape sailing out of Miami. We had perfect weather that let us explore some new islands or new parts of the islands we’ve already been to in the past. 

Now we get to enjoy almost a month at home before our next Caribbean cruise in April. But before that cruise we have a short two day North Carolina beach getaway coming up soon. 

My plans for our month at home are to finish my taxes, catch up on some reading, and set the hammocks up in the yard to enjoy the spring weather that’s finally here. 

On to our financial progress. February was a great month for our finances all around. Our net worth climbed by $39,000 to end the month at $3,361,000. Our February income of $4,844 was almost double our spending of $2,462 for the month.

Let’s jump into the details from last month.

Read more

January 2025 Early Retirement Update – Winter Edition

Welcome back to another monthly update from Root of Good! The new year is in full swing and off to a good start so far. We just got home from an 11 night cruise to Mexico out of San Francisco. And in two weeks we will set sail again for two weeks in the warm Caribbean waters. 

While I’m at home for a few weeks at a time, it’s always a scramble to take care of chores around the house, take care of some car maintenance, and keep an eye on my financials. It’s not all productivity – we’re also busy spending time with our kids and visiting with family and friends. 

So far we’ve managed to dodge the worst of winter by escaping to warmer climates. And now that it’s mid-February, winter is slowly withering away and it’s getting nicer and warmer outdoors here in North Carolina. By the time we get home from our next cruise, spring might be in full swing! 

On to our financial progress. January was a great month for our finances. Our net worth climbed by $89,000 to end the month at $3,322,000. Our January income of $4,117 was just a bit lower than our spending of $5,091 for the month.  

Let’s jump into the details from last month.

Read more

December 2024 Early Retirement Update – Year End Edition

Welcome back to another monthly update from Root of Good! Christmas and New Years celebrations are drifting away in the rearview mirror as we round the corner into 2025. We’ve enjoyed the winter holidays being at home with the really cold weather holding off until this week. 

Next weekend, we set out for another cruise for the remainder of January. We’ll be visiting several new ports along the way so it’s going to be a nice change of scenery compared to our normal Caribbean cruises. 

While at home this winter, I’ve tackled several small home maintenance tasks, read a few books, and caught up on my sorely neglected Netflix queue. You really have to stay focused if you’re going to make any progress on these important tasks. 

On to our financial progress. December was a mixed month for our finances. Our net worth crashed by $144,000 to end the month at $3,233,000. On the other hand, our December income of $33,691 was substantially higher than our modest spending of $2,101 for the month.  

Let’s jump into the details from last month.

Read more

November 2024 Early Retirement Update – Home for the Holidays Edition

After a busy travel season from April to November, where we spent five months on vacation, it’s time for a break. A vacation from vacationing (ha ha ha!).

I have a growing to-do list of deferred maintenance tasks around the house to keep me busy over the holidays. On top of that, I need to tackle the ordinary end of year financial and administrative chores such as tax optimizing, financial recordkeeping, and enrolling in an ACA health insurance plan. 

December and January won’t be all work and no play, however. I expect to have lots of lazy days around the house enjoying the quiet of winter as well. 

On to our financial progress. November was a mixed month for our finances. Our net worth increased by $102,000 to end the month at $3,376,000. Our income of $3,675 was substantially lower than our spending of $11,184 for the month of November.  

Let’s jump into the details from last month.

Read more

October 2024 Early Retirement Update – On the Water Edition

Welcome back to another monthly update from Root of Good! We are at home in Raleigh for a brief stay before we head back out for another two week cruise for most of the rest of November. 

This is the busiest stretch of travel we’ve ever had. The last time we were at home for the entire month was nine months ago in February. It’s almost like our home in Raleigh is our vacation home and we just stop in for a couple weeks here and there before heading out the door again. 

We’re enjoying the cooler weather in Raleigh during the fall. I am glad we have the chance to take all these fun trips but I do miss being at home during the nicest parts of the year. Fortunately, we will have almost two months in Raleigh between late November and early January, so there should still be some beautiful days ahead. 

On to our financial progress. October was a mixed month for our finances. Our net worth declined by $92,000 to end the month at $3,274,000. Our income of $6,239 was substantially higher than our modest spending of $1,570 for the month of October.  

Let’s jump into the details from last month.

Read more

September 2024 Early Retirement Update – Alaska Cruise Edition

Welcome back to another monthly update from Root of Good! We just got back to Raleigh after a two week cruise to Alaska during the last half of September. Alaska really exceeded expectations with its natural beauty and landscapes. 

After a busy summer, we have an equally busy fall travel season as well. We have a couple more days in Raleigh and then we head to the Caribbean for another roughly two week cruise. Weather permitting, of course.

Right now I’m playing the travel agent trying to keep up with rebooking flights, hotels, and possibly cruises as we get hurricane-related cancellations and notifications this week. This is our first real cruise travel hiccup related to a hurricane. I think we’ll end up doing okay without missing out on much of our travel. 

On to our financial progress. September was another great month for our finances. Our net worth shot up by $54,000 to end the month at $3,366,000. Our income of $10,109 was substantially more than our spending of $1,768 for the month of September.  

Let’s jump into the details from last month.

Read more