Generating Income

Illustration

72 Posts with this tag

Guest Posts

Working 'til retirement scares me to death

Good morning and happy Wednesday! Today, I bring you a guest post from a newer blogger in the Personal Finance blogosphere, Cody from Dollar Habits . He and I have something in common - we both hate the idea of working until 65. Cody, take it away! Limited Exposure to Early Retirement Growing up, I didn’t have many examples in my sphere of influence of anyone who retired early. My older relatives, for the most part, all worked up to the traditional retirement age be
Nov 5, 2018·5 min read
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
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
Guest Posts

Counterpoint: Information technology jobs can be fulfilling

Last week, I read Steve's post “Why are careers in information technology unfulfilling ?” as I too have spent my entire working career in this field. Fact is, I’m still there. I understand the viewpoint presented, yet I also felt there is - or could be, a different perspective. Rather than dumping this entire post into a comment, we decided a separate guest post was better. Let’s jump in. The three main arguments in the
Feb 28, 2018·5 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
Careers

Why are careers in information technology unfulfilling?

In the personal finance community, we get to read a lot of people's stories about why they chose a path to early retirement (or at least financial independence)...
Feb 21, 2018·8 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
How to Think

Why compounding is better than gravity

When we think of seriously life-changing stuff, many of us would probably point to the existence of gravity. Gravity is one of those phenomenons that - once we understood its existence, completely changed the way we life forms do business. But, I would argue that there's another equally powerful force that has probably changed all of our lives whether we realize it or not. What's that force? It's compounding. Not just compounding interest, but the concept of compound in general. It could be one
Jan 17, 2018·6 min read
In Retirement

What's a goal for 2018 that scares you a bit?

The one and only Nick True the other day. He asked what's one goal for 2018 that scares you a little bit? It occurred to me how awesome that question was, because it hits at the heart of what real, get-the-F-out-of-your-comfort-zone goals should be. A goal that you could knock out
Jan 5, 2018·4 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