Numbers

Rent or buy in the Bay Area

To Buy Or Not to Buy

To buy, or not to buy, that is the question: Whether ‘tis Smarter for the pocket to buy The House and hope for outrageous Fortune, Or to Rent and ne’er repair a Thing Buying vs. renting: the eternally debated question on financial independence and personal finance forums. Conventional wisdom says […]

On the path to financial independence: December 2016

“To accomplish great things we must not only act, but also dream; not only plan, but also believe.” – Anatole France This quote goes to the heart of what we as a family accomplished in 2016. It was the year that we started down the path to financial independence and […]

Plans for 2017

The Evolution of our Plan for 2017

We started planning for early retirement and financial independence in 2016, and published our plan to get there. In part, our plan included the following salient points: Save $20,000 in the last quarter of 2016, October to December and Save $120,000 in 2017 It is time to revise the Plan. […]

Nov 2016 financial progress update

On the path to financial independence: November 2016

There is no path to happiness; Happiness is the Path – Buddha The BITA household has had a stellar November, both financially and otherwise. As I write our monthly update on all things financial, I feel an odd mixture of pride, shame and gratitude. I am proud of all the […]

Fun with FIRE numbers

Fun with FIRE Numbers

You’ve come over to the Dark Side, determined to shake off the yoke of employment. You are going to save an eyeball-popping amount, strive to make more money and to spend microscopic quantities. You plan to be creative in your side hustles and as flexible as a yogi. That brings […]

On the path to financial independence: October 2016

The BITAs giveth, the market taketh away. October was an expensive month. We paid the tax man for past stupidity regarding our Indian Stash. This was an expected expense though, and we saved up for it in September. We had house guests for two weeks in October and ended up […]

How much does it cost to have a baby?

A little over two years ago Mr. BITA and I decided to commingle our genes. Progeny BITA resulted and thus far we have been exceedingly pleased with the results of our little experiment.   Now that I am no longer perpetually sleep deprived and I am firmly on the path […]

The Indian Stash and my Stomach Ulcer

I worked in India for 8 years before I moved to the land of Motherhood and Apple Pie. These were my money-is-too-boring-to-think-about spendy years, and left to my own devices I would have saved nothing at all. Luckily, two things saved me from my innate spendthrift-i-ness. A friend determined to […]

The path to financial independence: Sept 2016

Adding cash to the financial independence stash During the month of September I often had to tell myself the story of the hare and the tortoise and remind myself that the tortoise did in fact come out ahead. What caused the growth of the stash to be slower than usual […]

The Plan to FIRE

To achieve financial independence, and possibly retire early, the goal is to have a stash that allows us to withdraw an inflation adjusted $100,000 ($ = USD) a year. The stash will reside in a mix of tax advantaged retirement accounts and a taxable brokerage account. Here is how we plan to fill […]