Retirement Archives - the frugal millionaire

Our Four-Step Plan on How to Become a Millionaire

Today I’m getting back to the roots of this blog: Our journey on becoming millionaires.

John and I are just your average couple. We both work full-time with average salaries. We have our own side businesses. John works in construction and gets roughly one job per month. I am a freelance writer and blogger, making between $500-$3,000 extra per month (you can read my income reports here). We’re not unlike any other couple or family that I’ve met. We have kids, we have bills, and we work hard.

However, John and I have a big goal to become millionaires at some point in our lives (the sooner, the better). Here is our four-step plan on how to become a millionaire. As a disclaimer, this would be a “perfect” scenario. I know life can, and most likely will, throw us curveballs that will set us back. One of us might get laid off, we might have a medical emergency. You can’t predict the future; but I think it’s always good to have a plan and goals in mind 😉

Why Do You Want More Money?

Happy Thanksgiving Eve, everyone!

I’ve been thinking recently a lot about the “why” behind doing what I do. For any new readers, I am a wife and mom to two toddler girls, I work full-time, I freelance write and I blog. Not to mention cleaning the house, running errands and all that. To be honest, I don’t feel like it’s too much, but I do have very little downtime. When I’m home, I’m normally doing something productive (I count playing with my kids as productive, haha) except after 9:00 pm. Then, I watch a show with John and we go to sleep. I really love my life, but the busyness of it all recently got me asking “Why?

How to prepare for retirement in your 20s

With my 30th birthday approaching next month, I thought I’d reflect back on my 20s and share what I did to prepare for retirement and what I wish I did.

A quick recap: I graduated college with a degree in finance at age 21. My first job was working for a mortgage company, but I was unfortunately laid off after only just a few months there (the company went under). My next job was working for Careerbuilder.com for 8 months followed by a 3-year stint in waitressing (can I just say that this what my favorite job ever, other than freelancing). I then went on to work for a university as a financial counselor before becoming a mom and breaking into freelancing.

As you can see, my employment was pretty random during my 20s. During this next decade of life, I fully intend on sticking with freelancing and growing my blog. My husband and I are also getting our real estate licenses this year and will both work on that as a side business together.