Saving one million dollars. It’s the financial goal of many early retirement dreamers. Since the FIRE movement lit up the blogosphere in the last decade, we’ve been showered with stories of average folks saving $1M or more. It’s not that hard.
I’m hoping for a stock market crash. I know, I know, who wouldn’t? As an investor who plans to live for a few more decades, a stock market crash is about the best thing that could happen to me. I hate paying full price for anything,
Cryptocurrencies like Bitcoin, Ethereum, and dozens of others are certainly a compelling idea. I believe they will be a game-changer and business disrupter in ways we don’t yet understand. They will change how people exchange money, how they send it to each other,
Nearly all financial advisers will tell you they are trying to help you, and many even believe it themselves. But, as they say, money talks, and bullshit walks. Unfortunately, most financial advisers do not have your best interests in mind,
Despite all the shade thrown on 401k plans in the press this year, I would gladly take a 401k over other retirement account alternatives. The individual choices and flexibility of 401ks can be outstanding for those who know how to use it,
Index investing is by far the simplest way for most of us to build wealth. Compared to other viable investing strategies, index investing has lower costs, lower risks, and higher returns. Plus, it requires almost no management: just invest,
It’s that time of year again: time to revisit your 401(k) and retirement contributions. If, like me, you intend to break free from the shackles of Corporate fiefdom, then you should always aim to maximize your 401(k) contributions while you can.
Let me start by saying that I am an unabashed fan of Peer-to-Peer (P2P) Lending as an investment class…. within reasonable limits. It has solid returns, requiring little to no active management, with low monthly volatility, and it is not highly correlated with other major asset classes like stocks.
If you are an Early Retirement Dreamer, successful investing is critical to your ability to break the bonds that bind you. The math of early retirement simply will not work if you don’t invest, and invest well. The good news is that successful investing is surprisingly simple.
Have you ever wanted to fire your boss? What if you could? Tell your boss to go F*** herself. Just walk away, and not be concerned about the consequences. If you really burn bridges like that, you may need enough money to cover your expenses for a couple of years –
If you’re living paycheck to paycheck, you are basically a slave to your job. You are beholden to the whims of your company and the vagaries of the economy. These are things that you cannot control, and so there is no reason to complain about them.
We are today in the midst of an Early Retirement renaissance. Never in history has the freedom of Early Retirement been so available to so many people. And thanks to the internet, never have so many people been aware of the possibility.