The other day, I commented on Prudence Debtfree's blog about the general grumpiness of renovation. But the more I think about it, the more that I realize that a Live-in renovation is a great reason to practice a little gratitude. These are things that remind me to practice gratitude when I'm tempted to grumble about the home repair supplies in my office, or the state of our wall (stripped of paint, but not yet primed).
Without further ado, here are five lessons I've learned from this home renovation so far.
Today, I have a guest post of Frugal Rules. I'm really pleased with this post entitled Why Starting a Family Won't Kill Your Finances. Please go check this article out! The third installment of the Agile Personal Finance will be here for you when you get back!
Yesterday, I discussed the core tenets of our Agile Personal Finance Manifesto, including what they mean and how we got to them. In addition to the tenets of the manifesto, we have 12 principles that help us to stay on track in discerning whether we are pursuing wealth in a way that aligns with our values.
Today, I'm going to explain a little bit about six of the principles, and how we see them through in our day to day. These are my six principles:
1. Our highest priority is to glorify God with the wealth that he has entrusted to us.
2. We recognize everything we have is a gift from God, and that we can steward God's wealth through consumption, investment, and giving.
3. We embrace and even seek changes to our life and our plans.
4. We remember that our future selves require our attention even though we don't yet know them.
5. We support one another's vocational aspirations.
6. We choose a debt free lifestyle.
Feel free to read on if you want to learn more.
*****So, the word is tenet not tenant. Thanks for catching this hubby.
I strongly believe in creating contracts, documents and manifestos. To me, the written word is powerful. I think it's because I am an NT (ENTJ). My husband doesn't care for the written word as much (ISTJ), but he humors me.
Together we developed an Agile Personal Finance Manifesto. Which is essentially a strategy for pursuing Financial Independence in a manner that aligns with our values. Although many people associate financial independence with time freedom, we recognize that we have a lot of freedom to choose a life right now. Our plans and our desires may change, and we want to manage our wealth in a way that reflects this.
Over the next few posts, I'll be explaining more about this manifesto, in the hopes that it will inspire you to develop your own strategy (and whys) for building wealth and pursuing financial independence (or whatever it is that you are pursuing).
I should mention that the use of the term financial independence refers to the state in which paid work is unlikely to be required to meet our standard consumption behaviors. This is commonly thought of as either 25X your expenses in the stock market, or passive cash flow (through either dividends or rentals) exceeding your active consumption in perpetuity. Nobody is ever foolish enough to say that they've achieved independence from their need for the financial/monetary system, or that there is a 0% chance that they will never need to work again for money.
It seems to us that this level of wealth is a good amount to shoot for, after which we can really focus on giving to the near exclusion of investing.
I'm a wife, a mom, an employee, and a personal finance nerd who is devoted to spreadsheeting my way through life.