Financial independence

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68 Posts with this tag

In Retirement

This is why I retired early

The why is important. Really important. I've written about it. Others have written about it. Without a reason, your goals won't make a lot of sense and, frankly, you probably won't reach many of them. Not because you aren't good enough to reach them. No, that's not it. It's because you'll find another goal and then focus your attention on that until the next best thing comes along. Trust me, I've been there. I know what it's like to set a goal because it sounded good to me at the time and the
Oct 30, 2018·4 min read
In Retirement

How not to be screwed over by a Financial Advisor

It’s no secret the blogosphere tends to hold financial advisors in contempt. The money blog movement is steeped in DIY gumption that does not lend itself well to seeking outside help. Additionally, even though bloggers won’t admit it, at some subconscious level they have a self-serving interest in admonishing the industry. Let’s be honest; it’s a lot harder to sell eBooks, courses and affiliate links to people who are being served by an advisor. I have had the privilege of having a foot in bo
Oct 4, 2018·10 min read
In Retirement

Before assuming that you aren't rich, understand what "rich" means

When I was a kid, I naturally assumed that people who drove around in expensive cars are rich and wealthy. They all must lead super glitzy lives of wealth, live in nice homes and generally just lead whatever I thought was the "perfect life" at the time. Though many of those people are rich, I learned over the years that a high income and a relentless acquisition of expensive things don't, in reality, make anyone ric
Sep 18, 2018·6 min read
Financial independence

10 most bad ass financial quotes ever - or are they?

I'm going to burn a post by giving you 10 financial quotes for consideration.  Some of these quotes I've taken personal satisfaction from.  Others, personal insult.
Sep 10, 2018·3 min read
How to Think

The wisdom of financial independence without retiring early

Truthfully, it is only natural to link financial independence and early retirement together. In fact, the term "FIRE" means precisely that, Financially Independent Retire Early. I talk a lot about these two issues as if they were linked at the hip, but this article is going to be different. Much different.
Apr 6, 2018·6 min read
How to Think

The truth about extended warranties, and what to do instead

Buy a car, house, or virtually anything expensive, and we usually don't walk out the door without first being hit up for an extended service plan, or warranty. These warranties are sold as a way to protect our investments, but do they really work? A better question: Do we actually use them? The truth is these extended warranties often do nothing more than serve as a healthy source of commission for your salesperson. Darn near 50% of the cost of warranties are kept by the retailer. The margins a
Mar 27, 2018·5 min read
Financial independence

What would you tell an 18-year-old kid who just asked you about money?

My wife and I were out and about a few weeks ago and decided to stop into a local taco place in downtown Tucson (yes, taco places are all over) for dinner because it was getting late and, quite frankly, neither of us felt like cooking. I was wearing my Think Save Retire sweatshirt I custom-designed for myself as a Christmas gift last year. My wife and I walked up to the counter to order a couple tacos. An 18-year-old kid took our order. Everything was perfectly normal until he noticed my sweats
Mar 21, 2018·3 min read
budget

Kill It: Pay yourself first

Let’s face facts: Budgets kinda suck. They aren’t fun. They take time and effort to create and maintain. Maybe it’s time to ditch the budget. Maybe it’s time to pay yourself first. But what does that even mean, "pay yourself first"?
Feb 26, 2018·5 min read
In Retirement

Are million dollar early retirees ruining personal finance?

I stumbled across a blog recently (and I'm hating myself for not remembering what one!) and read an explanation of why the personal finance community just doesn't feel right. It's not them. It doesn't represent them. They don't feel as if they belong. The reason? In large part, the relatively high net worths of those who have achieved financial independence. We track these numbers over on the Rockstar Net Worth Tracker . The argu
Feb 14, 2018·4 min read
Financial independence

Weird, wild and awesome lottery spending

You can't win if you don't play, right? True. But even if you do play, there's a darn good chance that you'll never win. We all know your chances of winning a huge lottery jackpot are microscopic. But people do win, and many spend on some amazing things. Oh, and yes - a rare Saturday post! I'm trying something new this year, so expect the unexpected and all that type of stuff...just having some fun! Okay, back to the topic at hand. What happens after you win? We've heard the horror stories of
Jan 27, 2018·4 min read
Financial independence

We bought a $110 bottle of Tequila; no regrets

Financial Independence isn't about not spending money. It's not some challenge to see how long you can go without buying this or that, or how minimal you can get your home. You people know how much I hate the term "minimalism " anyway. :) It's an over-simplification of saving money and becoming independently wealthy to chalk up the large majority of life to not spending money. While that will eventually lead to financial
Jan 18, 2018·3 min read
Financial independence

Christmas Week in Photos: Zion National Park

Hey all! Welcome to Christmas week. This week, instead of talking about personal finance, I'm giving you people one of my very favorite photos each day from our travels this year. Breathtaking isn't a strong enough word to describe Zion National Park in Utah. It's amazing. Super unique. But, very, very crowded, especially during the summer, any holidays and spring break (and fall break?). I snapped this shot when we were visiting my folks, who live in Utah, this spring. Oh, and by the way - hap
Dec 29, 2017·1 min read