12 Posts with this tag

How to Think

How we use Personal Capital to track our money

Personal Capital has changed the way that we track our financial lives. Using colorful charts and linked accounts, everything's in one place.
Aug 10, 2019·6 min read
How to Think

Frugal living: Is life more difficult for those of us who are frugal?

Frugal living isn't about spending less money. Instead, it's about spending money on the right things to squeeze max value out of them.
May 27, 2019·4 min read
How to Retire

How much does income affect your post-retirement lifestyle stability?

One of the most spirited debates within the early retirement community revolves around the influence that a high level of savings (as well as income) has on a person's ability to retire early. I have argued in the past that although a high income can help, an aggressive savings schedule is a far better measure to determine a person's fitness for early retirement.
Apr 3, 2019·4 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

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
How to Save

How quickly can you spot an impulse buy?

The impulse buy - they are one of the amazingly tricky types of buying that exist for most people.  They are emotional purchases, but they can be stopped!
Feb 22, 2016·4 min read
How to Save

Despite market losses, we're up over $150k in 2015

Despite market losses over the year, we still managed to pack a solid wad of cash on to our net worth through meticulous (and automatic) contributions into our retirement accounts. We don't have to think about it - through automated systems, the money gets saved where we want it.
Jan 13, 2016·3 min read
How to Save

Maybe spending all that money in my 20s was a good thing

With all this talk about early retirement and the hilarious financial mistakes that I made in an earlier life, it is tough to consider the possibility that maybe, just maybe, all that money that I recklessly blew through in my 20s might actually turn into a good thing.
Jun 10, 2015·4 min read
How to Retire

Life is short, so live a little...they say

"Life is too short. I wanna have some fun now." Or, maybe it goes something like "Life's short, live a little". However it is said, the underlying point remains pretty clear: don't delay your ability to spend some serious cash. After all, "life is short".
May 13, 2015·4 min read

Lookie there! Spend money on experiences, not things!

Over the last couple of years, my wife and I have transitioned over to a philosophy of spending money on experiences rather than stuff - like trips to Sedona, Disney World, Glacier National Park for my birthday this coming July...even a pumpkin patch last October to get us into the mood for Halloween.
Apr 13, 2015·3 min read
Financial independence

Lookie there! Apply intermittent fasting techniques to your spending habits

Today's topic is courtesy of Travis Pizel from Enemy of Debt, and he wrote about applying the principles of intermittent fasting, which is a dieting (read: "lifestyle") technique where food is only consumed within an 8-hour window of time each day, to your spending habits.
Mar 24, 2015·2 min read
Financial independence

A Yahoo report on finances that actually makes sense?

You won't believe what I found online today - it was a Yahoo Finance story about a Yahoo columnist and author who believes that useless increases in the cost of the so-called "American Dream" are sending middle class Americans deeper and deeper into debt. The miraculous element of this story is what the author claims is the cause of this phenomenon: their own spending.
Feb 8, 2015·3 min read