Tag: Financial Independence

Financial Independence and Early Retirement, or, FIRE. This content focusses on the financial independence aspect: the math, the planning, the nuts and bolts of making it work.

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Psychology

FIRE Isn’t Prescriptive (It’s a Spectrum of Personal Choices)

Gaining financial independence has no rule set. No one defines retirement but you. These are 7 ways the FIRE movement misses the personal part.

Categories
Psychology

Specialist vs Generalist: Pros and Cons for a Career (and Life)

In life and in your career you'll define yourself sometimes as a specialist vs generalist. What are the differences, pros & cons, of each of these skill types? And how do they apply to life after work in retirement?

Do you consider yourself a jack of all trades or an expert in your field? The differences between a Specialist vs Generalist reveal a spectrum and timeline in life.

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Finance

GameStop Stock: Why I Worry About the Mania (And VTSAX)

I grew up with GameStop as the place to go to find a deal on used video games. Now the stock is on a tear as amateur investors wage war against hedge funds. What's going to happen?

What does GameStop stock mania mean for the future of individual investors vs Wall Street? And do you own GME via VTSAX, VTI, and Vanguard?

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Finance

FIRE Budget In-Depth: Unusual Ways We Spent $40,862 in 2020

2020 may not have been the year we expected within our FIRE budget, but that doesn't mean we didn't make the best of it! [Photo: Pacific Park early in 2020 before the world shutdown.]

Our FIRE budget reveals how we live a luxurious lifestyle on about $41K/year as two 36-year-olds in an MCOL city on a coast! Steal our tricks to reach FIRE!

Categories
Psychology

Your Yearly Theme: The Secret to Better New Year’s Resolutions

Are you desperately trying to hold up your New Year's Resolutions by February like my buddy here? Perhaps a Yearly Theme fits your brain better!

All those SMART goals might be the reason you keep failing at your New Year’s Resolutions. A broad “yearly theme” might be the motivation you need!

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Finance

Our 3 Greatest Financial Mistakes to Avoid for a Wealthy 2021

Avoid these financial mistakes in 2021 as we find the light at the end of the tunnel in 2020.

Our 2020 financial mistakes cost us over $40K! Here’s how you can avoid the same failures in 2021 and lead a richer year.

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Finance

A Timely Letter to My Teenage Self (The True Cost of College)

Discovering the true cost of college left me frustrated.

A message from the future warning me of the true cost of college may have changed the course of my financial life.

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Finance

The Architect Who Made Nothing

A story about the architect who toiled and yet made nothing.

Not every dollar is earned equally. Are you spending your least valuable dollars in such a way as to waste your most valuable resource, your time?

Categories
Psychology

How the 4 Expressions of Power Affect Your Wealth and Well-Being

The Four Expressions of Power: Rulers exhibit the one you're most familiar with—power over.

The 4 expressions of power can be the keys to building wealth and well-being in your life, or they can corrupt you through coercion and a lack of forgiveness.

Categories
Finance

This Is the Power of FU Money (and How I Was Escorted Out)

So confident in my FU money, I spent much of late 2010 traveling the world after I was escorted out of the building when I said "no". [Shot from the Cliffs of Moher, Ireland]

FU money gives you control over your own destiny. It lets you take risks and act with confidence & patience to become even wealthier while protecting yourself.