A FIRE movement blog for those seeking FIRE, by those seeking FIRE
Anyone that has ever dreaded going into work has dreamt about retiring early. It's safe to assume that nearly everyone has fantasized about taking their job and shoving it.
While that sounds great, an early retirement isn't a good idea unless you've taken the time to set yourself up for success.
What you'll find here are articles, podcasts, videos and other kids of content that will help you create a strategy to retire early. Regardless of where you're at on your financial journey, we've got you covered. Browse around for amazing content that will help you create a rock solid plan to retire early.
Any successful retiree needs one thing: a financial portfolio that will last longer than you. Take a look around this site for content that will help you build a portfolio that will allow you to reach financial independence and retire early.
People are funny creatures. We quickly become accustomed to new luxuries and then we can’t seem to live without that thing we’ve lived our entire lives without.
Cell phones are a good example. Just a few short years ago cell phones were expensive nice-to-haves. Today they are must have items that people have become addicted to and can’t seem to function without.
[Read more…] about The Luxury Trap: When Niceties Become Necessities
By Mike Monfredi.
I had heard that dental school was “expensive.”
How expensive… eh? Didn’t have that exactly dialed-in yet. But as my wife (Monica – then fiancee) began applying to different schools, I became increasingly concerned with those annual tuition costs.
[Read more…] about Slash Your Student Loans Before You Need Them
We’ve all heard the conventional wisdom on investing: Invest only using index mutual funds. 90% of professional mutual fund managers fail to beat their benchmark. What chance does an individual investor have?
Surprisingly, when it comes to stock picking, small investors do have a huge advantage over professional money managers. The main reason is size. Mutual fund managers, if they are successful, end up with a lot of money to invest – billions of dollars, in fact. If they are good stock pickers, they might very well be able to pick more winners than losers. If they were provided with a million dollars, they could come out ahead of their benchmarks.
[Read more…] about How Investing in Individual Stocks Can Help Get You FIREd
You’re ready to up your money game, so you start searching for financial advice. You begin looking online and find thousands of articles to choose from. Or you turn to Amazon and your local library for books to improve your financial knowledge. But you quickly notice some articles and books tell you to do precisely the opposite of others.
The more you read, the more confused you get.
Because even if the financial advice conflicts, you can see how each argument makes sense. They’re backed up with numbers, and some include real-life examples. Analysis paralysis sets in. So instead of taking action on what you are trying to do – fix your finances – you sit back perplexed and don’t make any noticeable progress on your money matters.
[Read more…] about The Best Financial Advice? One Size Fits One
Budgets get a bad rap. Many people feel held down and restricted by a budget, but the reality is that a budget doesn’t hold you down – it gives you freedom! I’ll explain using a short object lesson.