A few months ago we started financial freedom steps 4 to invest 15% of our income and step 6 to pay off our mortgage before 40. STEP 4The Objective: To invest 10% of our salary. 15% is the recommended amount and
The past is a place of Reference, not a plan of Residence
A few months ago, we had the opportunity to speak with @davis.365 from @citaradio901fm on his program Family Friday: Looking at Finances. This interview was driven by our own debt-free journey but the questions were tailored to assist persons who are interested
Sending our Money to Work
Investing was on our list as a stretch goal i.e. a goal that was highly unlikely but we’d give it a fair shot. There were other pressing goals that we felt needed to be completed before investing; such as completing
Knowledge Empowers You
Let’s Talk Insurance!We can’t have a conversation about financial freedom and building wealth without including Insurance. You definitely want to protect your assets from unforeseen events that can cause a huge financial burden for you and the family. We are
How to calculate your emergency fund
We were asked to write this blog at the perfect time because we had just finished saving our emergency fund (EF). To start, an EF is a backup plan for unexpected life events such as job loss. This pandemic that
6 Ways to Stay motivated on a Financial Journey
Does Shovel size matter?
Does shovel size matter? Our honest answer: Yes it does! Your shovel in the debt free world is the amount of money you have to work with when paying debt. By extension ‘teamtinyshovel’ refers to low income earners who have
Why these Matter!
We had a nice chat in our WhatsApp group about how we can save on Insurance policies. One of the methods discussed was switching our payment mode from monthly to annually. This information prompted a group member to call their
How to Save on Insurance Policies
Reducing expenses is one of the things we continue to work on. There isn’t a day that goes by without brainstorming about what we can cut. Around July 2018, I had an expense reducing revelation 💡. The Backstory….In a previous post
4 Things we did before starting our Debt Free Journey
Starting a debt free journey isn’t something that should be taken lightly. You are essentially restructuring your normal way of life; therefore it was important that we prepared ourselves mentally for the changes we needed to make. Here are the
