Net Worth Update, Month 3

It’s the beginning of another month, which means it’s time to look back at the previous month and see what happened to our money. Did we blow it all? Did we save like crazy? Did we kick April’s ass, or get smashed in the face by a market that can’t seem to make up it’s mind? Find out in this month’s epic Most Epic Net Worth Update Ever. Continue reading “Net Worth Update, Month 3”

Net Worth Update, Month 3

Beard and net worth update, Month 2

Once again, I have to keep up with the Money’s. J. Money at Budgets are Sexy keeps posting his net worth for the whole world to see, so I have to suck it up, belly up to the table, and lay all of my chips down, too.

Since RockStarFinance keeps tabs on money bloggers‘ need to satisfy the money voyeurism of the internet, and that little page sends me traffic each month, then it behooves me to continue to sassify your need for more cow bell.

So in this post I’m going to lay everything out. What assets we have, what debt we’re carrying, and our net-worth goals. Then, I’ll show you the beard as it sits today. Surprise. It’s longer.

I’ve had this analysis done for a few days now, but we’ve been traveling around the Czech Republic this weekend and it’s been rough finding some WiFi to send the electrons through.

We’re hanging out in Brno today in this MONSTER flat right outside the main square courtesy of AirBnB. Next week we’ll be staying in Malta in the bay on a mutha-f-in’ boat. AirBnB, I love you. (Get $20 $35 travel credit signing up with my link.)

Ok. Done with the shameless promotion. Now, on to the net worth!
Continue reading “Beard and net worth update, Month 2”

Beard and net worth update, Month 2

Is your new financial journey becoming an obsession?

I’m a beard on fire. A few months ago I discovered Mr. Money Mustache while reading one of my favorite non-money blogs, The Art of Manliness. Since then, I’ve read every single MMM post and I’ve continued to wander deeper and deeper into the forest that makes up personal finance blogs. I’ve also just started a yeard journey, which is a holy quest to achieve beard awesome. There’s a lot of rabbit holes on the world wide web to find yourself falling down in that niche, too. Basically, I’ve gotten obsessed with this stuff. So much so, that I created a silly little blog about growing a beard and my net worth. But is all of this obsession a good thing? If you’re like me and fresh on the boat to beardsession and money-neurosis, then maybe you know what I’m talking about. Are you wasting too much of your time? Continue reading “Is your new financial journey becoming an obsession?”

Is your new financial journey becoming an obsession?

A mathematical model for beard growth and awesomeness

It’s a general rule that the longer you grow your beard, the more awesome you become. Does beard growth really lead to increased awesomeness? As a scientist by training, it is my scientific duty to poke and prod at so-called “rules of thumb” to ascertain the true reality. Do beards really grow half an inch per month? Do you actually get more awesome? How much more awesome do you get? Today, I’m going to present to you a mathematical model for beard growth and its correlation with personal awesomeness. This is some pretty serious stuff. Furthermore, since this is Beards & Money, I’m going to show you the parallels to net-worth growth and feelings of awesomeness. Continue reading “A mathematical model for beard growth and awesomeness”

A mathematical model for beard growth and awesomeness

How to become a millionaire on a teacher’s salary in 10 years

The Glorious Beard family has a long-term goal of reaching a million dollar net worth within the next ten years. I’m going to be a millionaire on a teacher’s salary. If you are going to have such a big and crazy goal, then you really have to have one hell of a solid plan. How do you come up with a plan for something so ridiculous sounding? Your first step is to absolutely, positively, 100% believe in your mind that your crazy-ass goal is possible. If you start there, then your mind can start working on the problem in the background. Eventually, out pops a basic idea, and then you’re off to the races refining that idea until you have a plan to achieve your crazy goal.

My wife calls me “The Weasel” because of my incredible ability to “weasel” the things she and I want. As one example, she wanted to travel around Europe when we retired. I told her that idea was stupid, and that we needed to travel around Europe RIGHT NOW! So I put that goal in my mind without any idea how we would accomplish it. After a while, the idea formed, and then the plan, and then the execution of the plan, and now we are traveling around Europe for free and getting paid for the privilege.

The most recent goal I have been working on is the million dollar goal. How can we become millionaires by our mid-40s with a single teacher’s salary? I’m excited to tell you that we have a plan, and the math works. Continue reading “How to become a millionaire on a teacher’s salary in 10 years”

How to become a millionaire on a teacher’s salary in 10 years

The Beginning: Beard and Net Worth, Month 1

I have been inspired by J. Money at Budgets are Sexy to post my net worth for the whole world to see (which means the three other people who have ever read this blog up until now.) He has a great post detailing the rise in his net worth over the past 8 years. He’s tracked his net worth publicly every month since his very first post on the subject in 2008.

Now, since this is Beards and Money, I can’t stop at net worth. Gotta show you the beard, too. So in this post I’m going to lay everything out. What assets we have, what debt we’re carrying, and our net-worth goals. Then, I’ll show you the beard as it sits today. It’s a little frizzy right now from the cold, dry Prague air and a serious lack of conditioning from our inability to learn the Czech word for conditioner.

We’re starting from a pretty good place, with a much higher net worth than the average couple our age. That would be great, except for the fact that the average net worth of people our age is abysmal. So it’s a low bar. I’m also starting pretty far into beardom. I’ve had some form of beard or goatee for the past 20 years, but I have only recently started on the “yeard” journey. There is still much time to go.
Continue reading “The Beginning: Beard and Net Worth, Month 1”

The Beginning: Beard and Net Worth, Month 1

How to grow a beard, save piles of money, and live a fancy life

So who is this bearded internet personality with the audacity to suggest that there is a link between beard and net-worth growth, that both are really simple, and that everyone else (almost) is wrong?

So we’re clear, I have no special qualifications, other than a beard and a six-figure net-worth. There are a lot of people out there with both of those things, and I’m no smarter than any of them. I just happen to be the one writing stuff down.

First, let me explain my personal motivation for this blog. I want a luxurious beard and a significantly larger net-worth. The best way to achieve your goals is to make them public, so that’s what I’m doing. And hopefully, my path can help other fellow travelers. I’ve decided to grow a beard and I have put together a plan that will have me and my wife completely financially independent within 10 years. What I mean by financial independence is that the annual earnings on our investments will be more than our annual spending, so we can just retire without ever having to worry about money again. I’m good at math, and the math tells me that if I work our plan, then we’ll reach that point in 10 years or less on a salary well south of six figures. Continue reading “How to grow a beard, save piles of money, and live a fancy life”

How to grow a beard, save piles of money, and live a fancy life