Financial guidance for financial independence

Content, resources and services to help people make smarter decisions with their money in route towards financial independence (FI). Intelligent portfolio and real estate investing. Simplified financial guidance and protections.

Filtering by Category: 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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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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Financial Freedom Formula

There is a rather simple calculation that will help you determine where you need to be in order to achieve financial independence.  Consider this a computation of your financial freedom number that will provide you the knowledge you need to help answer a number of questions, including:

  • How long until I can achieve FI (financial independence)?
  • Is there a specific savings amount I should target?
  • Is financial freedom really something that I can attain?
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The 4% Rule is Delaying Your Early Retirement

The Four Percent Rule is a commonly used staple in the financial planning industry that states one should be set for retirement once their annual spending needs are 4% of their total retirement nest egg.  In other words, the rule suggests that a total portfolio withdrawal rate of 4% (adjusted for inflation each year going forward) should allow for a person to outlive their savings.

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The Importance of Living Intentionally

I turned down a job this past week.  I did so not because it wan't a lucrative opportunity.  Instead, I turned it down because it didn't line up with the life my wife and I are trying to build for ourselves.  Freedom and flexibility are our primary drivers at this point, and a time-intensive office job would have thrown a wrench deep into our lifestyle goals.

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