Lazy Portfolios

Mad Money Monster is proud to share a guest post all about the ease and joy of Lazy Portfolios. This guest post comes from fellow financial blogger, Michael L. over at Super Millennial. After all, who doesn’t want a lazy portfolio?

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How To Become A Super Saver In 2016

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HAPPY NEW YEAR!  No doubt you’re seeking areas of your life to improve during 2016.  Am I right, or am I right?  :)  The first post of 2016 here at Mad Money Monster is going to explain how some people have become Super Savers.  Super Saver is a term that describes someone who is fanatical about saving the money they earn.  In preparing for this post, I was scouring the web to determine the exact savings rate it takes to be considered a Super Saver.  I was unable to find an exact percentage; but, it’s pretty clear that some of these so-called Super Savers are stockpiling 50%, 60%, 70%+ of their TAKE-HOME pay.  Yes, you read that right.  They’re saving upwards of 70% of their pay AFTER taxes and AFTER retirement contributions!  I know it sounds extreme, but so does retiring decades before the traditional model tells us we can.  If you’re looking to shake things up in the new year, read on…Continue Reading

Financial Forecast: 2016

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Mr. MMM and I are always looking for ways to improve ourselves, our future, and our income (passive, that is ;).  I mean, after all, we do author a personal finance blog.  2015 has turned out to be a life-altering year around here.  We both had a frugal mindset from the start, but after joining forces, getting engaged last summer and then married last fall, we started to focus on building our life together.  This meant, not only living a more authentic life by living well below our means, but also seeking avenues to increase income.  You see, although we are definitely pro-frugality, we know that there is a frugal threshold that, when crossed, can interfere with quality of life.  We’re finding our threshold and improving our lives in the process.  That’s not to say we haven’t made HUGE mistakes and HUGE accomplishments.  Spoiler Alert…we’re not perfect.  But, one step at a time, one day at a time, we will reach our early exit/passive income goals.  And so can you!     Continue Reading

Hump Day Headlines: FREEDOM

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As we all know, the only constant in life is CHANGE.  With that being said, the FIRE path is something Mr. MMM and I have been traversing the past MoneyZombieHD2few months.  We feel we are finally firmly planted in the mindset and have started blazing our own path.  We sat down this past weekend with our trusty spreadsheet and open minds and debated our current course.  As many of you know, I get really excited about real estate, for various reasons.  Hence, we must fit rental properties into our diversified, passive income portfolio!  With this in mind, we have tweaked our plan to make it one step closer to foolproof, aside from a full-blown, four-alarm zombie apocalypse of course :)Continue Reading

When Buying Stocks Is More Exciting Than Buying Shoes…

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401kLast week I hit a BIG milestone.  I’ve been creeping towards this milestone for a couple of years now.  But last week, I HIT IT.  I am now contributing the maximum contribution to my 401k plan.  That’s right.  $18,000/year is going into my retirement account (before the company match)!  A few weeks prior to bumping it up all the way, I took it up 5% points and was only 5% away from hitting the maximum amount.  Friday before I left work, I decided to go ALL THE WAY!  I quickly ran the numbers at lunch and decided that it was possible, especially since we aren’t planning to leave our affordable home with affordable utilities anymore.  It felt so good to hit Submit.  Then I got to thinking…Continue Reading