2019 Financial Report

We’re doing our annual compilation a little early this year, since we’re flying to New York tomorrow at the crack of dawn to ring in the new year.

We’ve had a great financial year, with a current net worth of $462,553. That’s a $106,134 increase from last year, which was due to a combination of a high savings rate and solid investment performance. We finished the year with a savings rate of 65%. Continue reading

How to Retire Early on Average Income

So you’ve read some articles or watched some clips about financial independence or early retirement, realized how awesome it sounds, and want that for yourself. The only problem: You don’t make a bajillion dollars like the guy in the video. The solution: an Incoming Assets-style, detailed step-by-step guide to becoming financially independent and retiring early in a way that doesn’t require a high income. Continue reading

2018 Financial Report

Well, we just couldn’t wait until we got home, so we decided to do our year end report from beautiful Ho Chi Minh City, Vietnam. It’s now 7:00 in the morning on New Year’s Day 2019.

Though our investments have been getting rattled around a bit, we finished the year with a solid net worth of $356,419. That’s a $38,447 increase from 2017! Our savings rate was a cool 64%. Continue reading

Starting Self-Employment

-written by Cel

Last week, I resigned from my job. In a few weeks, I’ll be doing freelance editing/proofreading full-time (or less than full-time – it’s entirely up to me). A lot of people publish books on Amazon Kindle and such, not through traditional publishers. As such, they may not have editors or proofreaders, which leads to a lot of mistakes in their books. Typos, grammatical mistakes, missing words in a sentence, extra words, continuity errors, etc. I fix all of those.

How did this happen? Let’s go back a few months ago.

Continue reading

2017 Financial Report

-Written by Steph and Cel

It’s our favourite time of the year – time for our annual financial report!

We finished the year in great shape, with a net worth of $317,972. That’s a $73,631 increase from last year! We also had a whopping 65% savings rate

A few notes before we get into the data. This year’s tallying feels somewhat strange, because we’re reporting as of December 26th due to leaving on vacation tomorrow. There have been a few slight adjustments to account for this – mainly, we added the year-end paychecks we haven’t received yet to our income and net worth.  Also, our First World Problem of the Day: How to properly handle year-end accounting with an international vacation that straddles two different fiscal years. We’ve paid for most of our vacation already – flights, accommodations, etc, are already included in our 2017 spending – but any incidental costs incurred in the last three days of 2017 will be pushed to 2018’s travel budget.

Now, on to the numbers. Continue reading