Financial planning for financial independence

Content, resources and services to help people make intelligent decisions with their money in route towards financial independence

F.I.R.E. Explained

Financial Independence Retire Early (F.I.R.E.).  Have you heard of this expression before?

There is a growing population in the United States (and abroad) that is striving for financial independence well before the average retirement age of 63 (sometimes even before 30!).  For some, early financial independence occurs as a product of business success, a large inheritance, winning the lottery, etc. (not necessarily planned).  But for this growing F.I.R.E. community, early financial independence is a very deliberate and strategic goal.  Within this group, the phrase Financial Independence Retire Early has become somewhat of a mantra and/or rallying cry.

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2017 Year End Thoughts

The turn of the calendar poses a great time to reflect back on the lessons learned over the prior 12 months.

2017 proved to be a year filled to the brim with new experiences and insights gained.  I guess this is what happens when you start out on a new venture, and are exposed to the ups and downs that come along with the journey.  Moments of extreme fulfillment were followed by moments of high stress on a rather repeating cycle.  But in the end, this has culminated into one of the most rewarding years of my life.

Here are some lessons learned during this adventure:

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4 Reasons Why Renting is Not 'Throwing Away Money'

Time and time again I hear people mention to me that they hate renting and want to buy a house because they are simply tired of throwing away their money.

I understand the sentiment, as no one likes the thought of such a large portion of their money going out the door to someone else (housing costs are roughly 33% of household expenditures per the Bureau of Labor Statistics).  However, we must keep in mind that owning a primary residence also comes with its fair share of costs, and the adage of renting is throwing money away is not nearly as cut and dry of an analysis and it might sound or feel.

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Reclaim Your Life with Passive Income

You often hear these phrases referenced in conjunction with passive income when scouring the internet:

  • Income whether you show up or not
  • Making money while you sleep
  • Putting your money to work for you

While all of these are true and certainly are benefits, I would argue that they focus too heavily on money and beat around the bush of what quality passive income truly does for a person.

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