Way back when Mr. 1500 was in high school, a teacher asked the following question: "Which would you rather have, $10,000 or 1 cent that doubles in value every day for a month?" I have no idea what I thought, but I do remember most kids saying they'd take the $10,000. However, if you do the math, the penny is the clear winner. … [Read more...] about The Magical Doubling Penny
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Hitting the Open Road, 1500 Style
Today, I leave on a trip. I'm heading to lovely (even if it is super cold) Madison, Wisconsin to visit my sister for the weekend. On Monday, I'll drive down to Chicago to test a new computer system that I designed. I'll then head down to Memphis, Tennessee to visit my other sister who is attending college there. Finally, I'll head back to Colorado. My trip got me thinking about … [Read more...] about Hitting the Open Road, 1500 Style
You Don’t Have to Make $100,000 a Year to Retire Early
Mrs. 1500 here! When Mr. 1500 first talked to me about the concept of retiring early, I was intrigued. Having already "retired" myself (to stay at home with the little 1500's) I thought it was a good idea. He told me about some blogs he had been reading (Mr. Money Mustache, Retire by 40, Brave New Life, etc.) so I started reading them to see what they suggested. (I am not … [Read more...] about You Don’t Have to Make $100,000 a Year to Retire Early
Using Pinterest to Save Money?
Mrs. 1500 here! There are few websites better at taking an hour off the clock than facebook. Pinterest is my new favorite. It is an excellent source for saving money, with ideas for crafts, sewing projects, artwork, etc. They even have a category devoted to cooking. A click on the Food & Drink category shows me many, MANY things I should not ingest, like Peanut Butter … [Read more...] about Using Pinterest to Save Money?
The Rule of 72 and You
The Rule of 72, while simple, is one of the most powerful and motivating pieces of information to commit neurons to remembering. If you take nothing else away from my little blog, I hope you take this easy piece of math with you. The Rule of 72 is a basic calculation for determining how long it takes an investment to double. All you have to do is divide 72 by the … [Read more...] about The Rule of 72 and You