Denali Northern Expenditure

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The Formula for a Happy, Productive Day

The Formula for a Productive, Happy Day

When Mr. T and I were in London in June, we attended church right near Hyde Park. The speaker mentioned the three things we should be doing every single day and I’ve thought since then about how right he was.

Here is his 3-step formula for a happy, productive day (with my own thoughts added under each one):

First 100,000

Saving The First $100,000. The Hardest?

The First $100,000

In our May update, we mentioned the possibility of breaking $100,000 in June. It seemed surreal, but definitely possible. Cheers to Amber Tree Leaves for this comment:

Would it not be great to reach 100K while enjoying a holiday. I hope you reach that milestone

This comment blew my mind.

Northern Expenditure Turns 1

Northern Expenditure Turns 1!

The first year of any life simultaneously speeds by and seems like forever. When I think back on where we were a year ago, it seems so distant. But every week on the blog has been such a joy, it’s gone by in a flash.

This blog was born out of a malaise with the norm. Ironically, though our situation hasn’t changed much, the blog has helped us find more joy in the current situation. Why? Because we’re doing something about it while also realizing even more that living in the present is important.

A Simpler Life

A Simpler Life

Since the beginning of the year, Mr. T and I have been focusing on simplifying. 2015 was a year of crazy home improvements as we checked off all the items on the Alaska Energy Rebate Program. Every free evening was spent in the crawlspace or garage painting, insulating, piping, etc. (I should emphasize that I was somewhat involved after the kids were in bed, but most of this was done by Mr. T.) We were spending lots of money (most of which we got back as a rebate), plotting our next move, and under a strict deadline to finish all the things on the list. When we finally finished it all last December, we were tired. We didn’t want to plan anything specific for 2016 because we just wanted to calm down.

Kaleidoscope

Designing Our Kaleidoscope

Last month, Harmony over at Creating My Kaleidoscope, offered a challenge to design your own Kaleidoscope. In short, the challenge is to discuss what you see when you look at your future through your kaleidoscope and how you’ll get there. Since I’m a planner and a schemer, I love this idea, but I also love the imagery she’s created. There is a big difference between a telescope and a kaleidoscope. The telescope allows us to see things that are far away close up. Through the telescope, we can see details as if we were right there. Through the kaleidoscope, you see something that isn’t really there. Most kaleidoscopes show just color and shape and when you turn it, those colors and shapes dance and change and create something that wasn’t there before. In some kaleidoscopes, you can actually see what is on the other end of it, but through a distorted, fragmented lens. You might be able to see a face. Sometimes 30 images of the same face. And sometimes, when you turn it, the face disappears completely.

Little feet

The 4-Year Potential

Two weeks ago, we did some recalculations and came up with three potential plans. The two plans that would allow us both money AND freedom would take significantly longer than four years. The really lofty goal date on our blog is 2022, which is 6 years away. So what’s the big deal with 4 years? As the school year wraps up, the temporary state of Penny’s childhood is weighing heavy on my mind. In 4 years, Penny will be done with elementary school. Based strictly on our calculations, by the end of May 2020, we expect to find ourselves with a paid-off house and $321,000 in investments. Those numbers won’t get us close to financial independence. And freedom in that plan would mean continuing on our current path for the next four years and then just quitting to be irresponsible for a bit! But looking back on our historical 4-year accomplishments, in all likelihood, stagnation isn’t an option.

January 2016 Plan Update

We actually got some snow in January, which makes for a good winter, but then it all melted and we’re back to a slushy, wet, and icy January. Curse you global warming! We’ve settled back into life after Hawaii and started our major purging efforts in our home. We’ve completed everyone’s clothes, all the books in the house, and everything in my bedroom and under the bed! We delivered our first big trunk-full to Salvation Army and it felt great! For the next few Wednesdays, I’ll be documenting this journey starting this Wednesday with the process I took to get rid of half of my clothes!

non-financial goals

Our 2016 Non-Financial Goals

I’ve mentioned that I love New Year’s resolutions and I’ve shared our financial goals for 2016. I don’t like to make typical, vague goals or tie myself in to doing something I can’t achieve. With that in mind, here are my 2016 non-financial goals:

Accept Yourself Now

It’s not even one full week into the New Year and already several people have abandoned their resolutions. The statistics on New Year’s resolutions are bleak. Over 80% of New Year’s Resolutions fail. In order to avoid this, some people don’t make any resolutions at all. I’m a huge fan of New Year’s and the accompanying resolutions. I love the chance to look back on the previous year and see what I was able to accomplish and look ahead to a clear calendar and figure out where I want to be in a year. Spending a week in Hawaii with my family made me realize not everyone is like me. When asked where he wants to be in a year, my brother-in-law responded: “I have plans for in 5 years and 10 years, but 1 year is hard to define.” My sister said: “Oh no. Is this about hopes and dreams? I hate talking about those!” And my dad and husband said “I don’t know!”

December 2015 Plan Update

December was another lovely month and so very eventful. I finished up my semester-long ice skating class at the local university with my awesome skating performance (spoiler: I fell in the first two seconds). We finished up our largest project of the year: The Alaska State Energy Rebate Program and are looking forward to our $7700+ rebate check arriving sometime in February. I can honestly say that the thing I’m most excited about 2016 is that we are done with all the DIY home projects with a deadline! Mr. T and I attempted to sell some art at a holiday bazaar and hated it (upcoming post). But we weren’t too down because then we all got to get on a plane to Hawaii to celebrate my dad’s retirement in Hawaii for Christmas!

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