My wife quit her job to be a stay at home mom

stay at home mom-2

Stay at home mom– A crippling blow to financial independence, or a blessing in disguise? Well, that didn’t take long.  My son spent all of three months in day care before I caved and let my wife quit her job.  It’s been a tough adjustment for me mentally.  Letting my wife quit goes against my belief that both husbands and wives should earn income.  However, given the nature of this post, it’s obvious that life isn’t so straight-forward. That said, I can’t help but look on the bright side of the whole ordeal – Everyone in the family is much happier! My Pre-Baby Mentality Prior to having kids, I always said that my wife would work too, and she’ll be the one to pay off her student loans.  To her credit, she’s a hard worker and for the last couple of years has been putting 50% of her earnings towards Continue Reading →

The Best Way To Use Your Bonus (Hint – Minimize Taxes)


One of the great perks of being a corporate stooge is that many of us are eligible for some type of annual bonus.  Most folks take their bonus money and run, choosing to treat themselves with it, sometimes burning up the money before the check actually clears.  Personally, I prefer to put that money to work and to use it to push myself closer to my early retirement goal. Most of us know blowing the money on a new purse is not the best use of it.  What can we do to make smart use of that additional income? How Is A Bonus Taxed? First, we need a basic understanding of how a bonus gets taxed in order to fully utilize it. A bonus is considered supplemental income, which is compensation received on top of ordinary earnings.  Your regular paycheck is considered ordinary income. Ordinary income is taxed based on Continue Reading →

To Dream or not to Dream

For as long as I can remember, I’ve been a dreamer. When I was a kid I used to think about running around, being a super hero and beating up bad guys. As I’ve matured, so have my daydreams. In college I thought about traveling the world, eating amazing food and finding a kick ass job that fulfilled me while still allowing me to feel free. In the last few years my dreams have shifted to living a good, simple and relatively stress free life. I want acres, a nice family, close friends and financial security. Don’t get me wrong, I still want the kick ass food and (a little) travel. Travel is a slightly lower priority on my list now though, but there is no debate about the food! Good food is a must have in life. I spend a fair amount of time ‘dreaming’ about these things. To Continue Reading →