net worth update

Net Worth Update: January – March 2020

Our year started off great. Our newly developed budget system was implemented and ready to rock! Things were oddly busy at work despite everyone just coming off the holiday break. We made time to attend a few local festivals, hang out with friends, and travel to nearby cities. Near the end of January, I geared up for an almost month long TDY (business travel). It was a rough several weeks as it was the first time I was away from home after the birth of our new baby. When I returned, I was finally able take my paternity leave enabling Mrs. D to go back to work after her 12 short weeks of FMLA. I truly enjoyed my time-off to bond with our child and help Mrs. D transition back to the daily grind at work. Being proactive, I used the time during my leave to

Continue reading
Surviving a global pandemic and more!

Surviving a global pandemic and more!

In my last post, I walked you through how we setup our budget to be simple to maintain, automated to the fullest extent possible, and flexible to our changing priorities. As I’m writing this post, COVID-19, a new and novel strain of Corona Virus is ravaging the globe. Thus far, there have been 2,276,473 confirmed cases, and 156,119 lives claimed from this pandemic (sadly, this number will change by the time you click this link). Governments worldwide are working to contain the virus by closing borders, limiting travel, and encouraging social distancing. These policies are placing a strain on the economy, and will have ripple effects for years to come. To prepare for events such as this one, many people in the personal finance space such as Dave Ramsey advocate having an emergency fund of 3-6 months. Its sole purpose is to serve as an insurance

Continue reading
Creating The Perfect Budget For FIRE Enthusiast

Creating The Perfect Budget For FIRE Enthusiast

In this post we’ll show you how we’ve tackled one of the most elusive personal finance subjects out there: BUDGETING. One of the five financial goals we laid out at the beginning of the year was to: Fully fund our lifestyle expenses solely using Mr. Dollarman’s paycheck Mrs. & Mr. Dollarman 2020 financial goals #4 of 5 When we initially developed this plan, we figured everything will work out because mathematically everything lined up in our “budget.” What we’ve come to realize since putting our budget together was that we needed a system that allowed for us to have the flexibility to change. By infusing flexibility in our budget, it would allow for us to account for the unpredictable events in life (emergencies), and the chaotic nature of our behaviors (needs & wants). Like many other people, we followed the quintessential budget advice often toted by

Continue reading
Net Worth Update: 2019

Net Worth Update: 2019 Year End Review

In this post we’ll be providing you guys with a net worth update for 2019. Back from a six-month writing drought. We had to take a tactical pause to focus on current life events. There’s a good explanation as to why we’ve been in hibernation: Drum Roll Please…. Mrs. Dollarman & I recently welcomed a new bundle of joy to our family a few months ago. The last half of our year was spent mostly doing things such as: Child-prep: prenatal care visits, attending childbirth classes (x3), doula meetups Home: nursery build-out, minimalism purging (only keeping stuff that sparks joy) Events: gender reveal, baby shower, friend meetups Travel: work (x3), visit family (x2), baby moon (local) Birth: recovery, follow-up doctor visits, updating records, family coming to visit us, and adjusting to being parents and much more…. Pre-2019 Net Worth Recap Things actually took a turn for

Continue reading
Part III Financial Backstory

Mr.Dollarman – Financial Backstory (Part 3)

Young AdultHood — Pre-Mrs. Dollarman This is the last blog post of a three part series covering my financial backstory. In this post I will talk about my struggles paying back a whopping ~$63,725 in debt, and the poor decisions I made during my young adulthood. If you haven’t read the first two post of this series you can check them out here: Mr. Dollarman – Financial Backstory (Part 1) Mr. Dollarman – Financial Backstory (Part 2) Finally free and on my own I could feel the tension in my body easing as I let off a sigh of relief after seeing thousands of graduation caps fall from the sky. The sleepless nights and constant grinding finally culminated with me achieving the goals I set out for myself five years prior. A week later, I received my commission into the United States Air Force. My heart

Continue reading

Mr. Dollarman – Financial Backstory (Part 2)

College Armed with the Financial Lessons I Learned From My Childhood, I was ready to take on the world. Naively, my parents only held a few professions in high regard. In their eyes you could only become a doctor, lawyer, or engineer for them to take your chosen profession seriously. My parents would often lecture me on how: You can either toil away with hands/body, or let your mind toil away for you Mr.Dollarman parents Determined to please my parents, and intrigued with mathematics & science I chose engineering as my major. With no one in my community to lean on for guidance I embarked on this trailblazing journey alone. Day in and day out my days for five years straight were spent hitting the books. My main focus in school was racing to the light at the end of the tunnel. Semester after semester I

Continue reading