Hi my name is Caroline and I am the proud owner of this blog. I am FIRO (Financially Independent Retirement Optional) aspiring to be FFRO (Financially Free Retirement Optional)! I enjoy working and plan to keep at it until I no longer have the desire to. What else can I say?

Blog Name – Money Scrap???

Why the name Money Scrap? Well it wasn’t the intended name for my blog. I made a typo when I registered the name and by the time I realized it I was too far in the process (or too cheap)! And yes I even “confirmed” the domain name and NO I wasn’t smoking anything! It didn’t sound too bad so I kept going. We will see maybe one day I will fix it!

Why This Blog

This blog is about my personal journey to happiness (more of it) and Financial Freedom. My life is pretty good right now but I am still working full-time and it is preventing me from doing many of the things I would love to do. I would like to volunteer, take classes, start my own business, cook or take extended trips. Yes you can squeeze in some of those activities while working full-time but it can become overwhelming pretty quickly.

Financial Freedom to me is about having enough money to live happy, comfortably and being free to only do what I want to do. I don’t plan to wait until financial freedom to start working on a better and happier balanced life but it will be easier once I get there.

Life is about choices and, while I can could retire now if I wanted to, I feel it would be a little premature for me. It would require some sacrifices I am not ready to make yet. Plus I never plan to retire completely because I actually enjoy working. So for now, I decided to keep working full-time for another 5 years, maybe less, in order to reach Financial Freedom. I will be 55! (Not as early as others, but not so bad for a one income family with three kids).

Until then, I am going to work towards my goals (be happy and financially free) by:

  • Increasing the amount I save – Reduce my expenses (I am already pretty frugal but I can do better),
  • Diversifying my portfolio – Invest in dividend paying stocks (yes I know, where have I been?!),
  • Finding ways to create new income, mostly for the future.
  • Managing my three rental units more efficiently. I have almost given up several times in the last few years. The landlord business can be really tough some days!.
  • Becoming healthier, happier and reach a better work-life balance.
  • Continue teaching my kids how to become financially independent (win-win for me)
  • Managing my home life to remain a happy place , now that my partner and I have moved in together…and my kids!

Hope you enjoy the journey.

“There is only one thing that makes a dream impossible to achieve: the fear of failure.” – Paulo Coelho