Camp FIRE Finance
Below you’ll find plenty of investment articles and ideas, but is investing safe? It’s risky, right? Isn’t it more safe to keep all my money in cash?
Nope!
Cash is king, but it’s got one major flaw: just like the rest of us, cash gets weaker as it gets older. In fact, your cash loses about 3% of it’s value every single year to inflation.
Stick $100 under your mattress and next year at this time your hundred buck will have have buying power equal to about $97. Given enough time, your cash will be worthless … unless you put it to work.
All by itself your cash gets weaker with age, but when you put it to work by investing it, then your money gets stronger with age – a lot stronger! Investing is like creating a money making machine that works for you 24/7/365.
And it’s not hard! Investing is so easy – all you really need to do is just Index and Chill.
If you’re looking for even more investment articles and ideas then keep on reading. Below you’ll find many, many more posts on this topic, so click around till you find one that you love.
You have a great job and make a good income. You’ve paid off your student loans and credit card debt. Now you’re ready to save and invest. But you’re not sure how to invest your money.
I have good news: there are plenty of smart ways to invest your money, build wealth, and eventually reach financial independence.
Achieving financial independence through real estate is a popular topic on Camp FIRE. And rightfully so since many peoples’ wealth is tied up in their home. If your path to FIRE includes real estate, then take a look at this list of the best home renovations you can do to increase property value the most.
It’s important that you diversify your income with passive income. Doing so is an insurance against whatever life may through your way.
Just a few short years ago I began taking on more responsibility at work, which lead to me bringing home bigger paychecks and enjoying cushy employee perks. That extra income and those perks got us to a point where we *finally* had a bit of financial breathing room. We took full advantage and began to get our financial act together.
Life was awesome! But the financial progress we were making came to a grinding halt the day I lost my job.
Your job may give you and your family a certain kind of security that goes with a good, stable material situation. And it’s easy to settle for that kind of stability. I fell into the same stability trap, as many others did.
Luckily, in my case, the thing that snapped me out of the stupor of perceived stability wasn’t some horrible life-changing tragedy. No, it was a simple broken leg. While some would say that a broken leg is tragic enough, for me it was merely a chance to sit and do nothing for two or three months – or so I thought.
Happy Halloween, Campers! Today is the day when much of the Western world celebrates an ancient Celtic harvest festival by donning costumes of all sorts to ward off evil spirits and ghouls. Actually, much of the Western world has no idea why we celebrate Halloween, they just like to dress their kids up and send them off to ask strangers for candy.
This particular Halloween might be a bit spookier than most, especially for those of us new to The FIRE Movement that have enjoyed massive stock market gains since deciding to get our financial act within the past decade or so. That’s because this massive bull run appears to be slowing down. For many investors this could be their first bump in the road.
Most of this year has been great, but October has seen year-to-date gains wiped out. The market is now at a lower point than when the year began (at the time of this writing, we’re down -1.21% for the year after seeing highs over 8% a short time ago).
Spooky times indeed!