I first wrote this post about financial independence in 2012, soon after I had left my day job in the finance industry. It was a 13-year slog, but I was thrilled to leave but also a little worried about the unknown. The idea of this post is to capture the feeling of financial independence and […]
Reasons To Strive For Financial Independence: That FI Feeling Read More »
The 2023 Charles Schwab Modern Wealth Survey highlights the many paradoxes of wealth in America. Over 1,000 individuals of all different backgrounds filled out the survey. Overall, the survey, conducted between March 1 and March 23, 2023, says it takes a net worth of $2.2 million to be considered wealthy in 2023. The net worth
The Paradoxes Of Wealth: Misaligned Beliefs About Money Read More »
Have you ever wondered what it would be like to retire in a cabin in the woods? My dad did it, and I’m here to share some fascinating insights on his experience and how he ended up there. Who knows, if you prescribe to Lean FIRE, it might be just the type of retirement adventure
Retire In A Cabin In The Woods: Living A Simple And Peaceful Life Read More »
I realized something important after writing about the best reason to retire early. Money doesn’t buy everlasting happiness. However, having more money can reduce stress and anxiety. The goal of achieving perpetual happiness is not realistic. Happiness ebbs and flows. It’s more exciting to be an 8 out of 10 on the happiness scale because
Top 10 Financial Moves To Reduce Stress And Anxiety Read More »
It’s been over five years since the COVID-19 pandemic. I want to reflect on such a strange time period. One of the main reasons why I retired at age 34 was to hedge against an early death. When I was nine, my grandfather died from cancer and I clearly remember seeing my mother distraught for
The Pandemic Was An Experience In Hedging Your Life Read More »
Are you trying to determine your level of financial satisfaction or dissatisfaction? After all, if you’re more satisfied financially, you should also be happier and less stressed. Good news! The FS Wealth Reality Ratio (FSWRR) will help you quantify your feelings and reveal the unhappiest cities in America! The core attribute about the FS Wealth
The Unhappiest Cities In America Based On A New Wealth Reality Ratio Read More »
The older you get, the more you will value life because you have less of it. If you want to live longer, you should aim to grow richer and live in a more hospitable place. As you will see in this article, the correlation with life expectancy, wealth, and location is strong. In 2024, life
Your Life Expectancy Depends Greatly On Wealth And Location Read More »
After doing a deep dive on the different ways to pay for college and how to get good financial aid, I realized the best thing for my family is for me to go back to work. Coming up with $1,500,000 for two kids’ college experience in 12-15 years is daunting. Going back to work feels
Sadly Giving Up On Retirement And Going Back To Work Read More »
The tax-now Roth IRA will increase in popularity over the coming years. Let me explain why. When Congress passed the Tax Cut and Jobs Act (TJCA) of 2017, it inaugurated an eight-year period of the lowest tax rates in American history, which started on January 1, 2018. However, due to the sunset clause that was
Shifting Retirement Assets From Tax-Deferred To Tax-Now By 2026 Read More »
Some Americans fear higher taxes so much they are willing to move. The capital gains tax rate might go up. The step-up basis might go away. And the top marginal income tax rate might go up too. Therefore, may I present the best life hack for Americans: taking advantage of Canada! I’m always looking for
The Best Life Hack For Americans: Taking Advantage Of Canada Read More »
