It’s so easy to save +1000 USD in a couple of hours that I’m amazed by how few people actually seem to make sure they do it. It is not about skipping your daily coffee or anything like that (that alone would take you quite long to save +1000 USD…). The cool thing is that you can do all of this online so if you are not comfortable doing it
The 4% rule or the Safety Withdrawal Rule (SWR) is often used in the Financial Independence Retire Early (FIRE) community. It is a more a rule of thumb rather than a fixed rule, but one that many are using to have a clear number of the amount they would need to reach Financial Independence. In this post I will go through this “rule” in a bit more detail, where it
FIRE aspirants will always be winners in falling markets, as long as the market performs over time. This is because they are in the accumulation phase towards FI! The key thing is to be consistent with the strategy for reaching FI and that the strategy chosen feels like the right one for you. Below I will show a couple of charts as a reminder of history which might help you
The impact of buying a new car versus a second-hand one will have a tremendous financial impact on both your own and your family’s finances. We are talking about hundreds of thousands of dollars… In this post I will just show you three different ways of looking upon buying a new car (transportation is the second biggest expense for the average US family). I will also touch upon the impact
We all know that we should never play with real FIRE and that is not what this post is about. It’s about you playing with the concept of Financial Independence Retire Early (FIRE)! If you have not yet started to play with the thought of being able to retire early, now is the time to start! FIRE? Financial Independence Retire Early is when you focus on how you can reach
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