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Root of Good
Early Retirement
Frugality/Saving, Parenting/Family
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Net worth:
Raleigh, North Carolina, United States
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Latest Blog Posts

This month's financial update comes to you from Ljubljana, Slovenia - an undiscovered gem in Europe. We are about to head to Lake Bled, Slovenia for some hiking, lake-lounging, and more relaxing. After that we're on to Austria, Germany, and the Czech Republic for the next month before ending our vacation in Amsterdam. It's hard to believe we are almost half way through our nine week summer ...
Posted: Jul 10 2017 @ 6:30 AM
May is all done, and it proved to be another great month for our household. Our net worth climbed $23,000 to $1,828,000 (another all time record high). Our income was huge at $9,149 while our expenses remained moderate at $1,829. The kids are out of school in a few more days and we head out for our nine week summer vacation in Europe in less than a week! ...
Posted: Jun 06 2017 @ 6:30 AM
In contrast to early retirement modeling that looks for all the worst cases and failure modes, our actual life the past almost four years illustrates that good things can offset the bad events in life. Financial planning for early retirement is pretty straightforward. Figure out how much you plan on spending in early retirement then save up till you have between 25 and 33 times your annual expenses in your ...
Posted: May 17 2017 @ 6:30 AM
This year is flying by so far! Now that we are one third of the way through 2017, our financial picture for the year is becoming clearer. And it's a good picture so far. Our spending for April remained below budget at $2,981 while our income of $3,321 slightly exceeded our expenses. Our portfolio and other assets continue their upward trajectory with a $34,000 gain bringing our ...
Posted: May 08 2017 @ 6:30 AM
Guest post from Early Retirement Dude: It’s May of 2005 and I’m officially quitting my job this morning—or, technically, I’m being laid off because I’ve turned down a directed transfer—and part of the process is an exit interview with our divisional president. I’ve just turned thirty-six. Cliff is a good guy, and for a couple more hours I’m two tiers down from him on the org chart. I report directly to ...
Posted: Apr 27 2017 @ 11:32 AM
I can't believe we are already a quarter of the way through 2017! Financially speaking, we are doing incredibly well as we ride this bull market up and up. March left us $15,000 wealthier thanks to investment gains with our net worth climbing to $1,771,000. Our expenses for a family of five were very modest at just $1,388, while our income remained strong at $3,747 for the ...
Posted: Apr 07 2017 @ 6:30 AM
The Root of Good family is ramping up for an epic adventure across Europe during the summer of 2017. The five of us will spend nine weeks traversing an all new (to us) continent by train, plane, bus, car, and foot. We really struggled to narrow down the itinerary to something feasible for a family with three young children. As a result this trip will NOT include London nor ...
Posted: Mar 22 2017 @ 6:30 AM
Two months into 2017 and things are off to a great start for us. Our income of $4,893 for the month greatly exceeded our expenses of $2,108. Our net worth climbed another $38,000 to $1,756,000 primarily due to solid stock market gains. Our taxes are filed and we're due small refunds from the state and the feds totaling several hundred dollars. My first effort at paying quarterly estimated ...
Posted: Mar 06 2017 @ 5:30 AM
January is over and what a fine January it was for our finances! Our net worth climbed another $38,000 to $1,718,000 and in the process we broke through another $100,000 milestone. Income for the month of January was solid at $5,068 while expenses remained roughly on budget at $3,378 in spite of a few large, lumpy quarterly or annual expenses. After finishing 2016 about $1,000 under our $40,000 budget ...
Posted: Feb 09 2017 @ 5:30 AM
"Oh you live on $40,000 per year? Guess you like camping in the van underneath the highway bridge huh? Still enjoying those rice and beans? Three kids cost $40,000 per year right off the bat so it's clearly impossible!". This complainer clearly doesn't know how we spend money. Living well on $40,000 per year is possible and I'm here to explain exactly how by going over all of ...
Posted: Jan 30 2017 @ 5:30 AM


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