My first car was pretty crappy. How about yours? I firmly believing owning a cheap car is one of the best decisions you can ever make to achieve financial freedom. And I’m saying this as someone who helped start the FIRE movement in 2009. After getting my driver’s license at 17, I talked to my […]
My First Car Was A Heap Of Junk How About Yours? Read More »
In my post, “How You’ll Feel Achieving Various Millionaire Milestones,” a commenter named Joseph shared these thoughts: “I’m fascinated by someone worth $10M or $20M not feeling wealthy. Are they hanging out with nothing but billionaires? The only other explanation is a scarcity mindset. But I suppose that mindset got them to where they are. They need
When Investing Is More Alluring Than Spending, Fight Back Hard! Read More »
On July 3, the House narrowly passed the One Big Beautiful Bill Act (OBBBA) with a 218–214 vote. According to the nonpartisan Congressional Budget Office (CBO), the bill will add an estimated $3.3 trillion to the budget deficit over the next 10 years. Trump signed the bill the next day on July 4. To help pay for it, OBBBA
The One Big Beautiful Bill Act’s (OBBBA) Impact On FIRE Seekers Read More »
When you reach financial independence or retirement you may eventually experience a sense of emptiness. After years of hard work, aggressive saving, and smart investing, you might feel a letdown because the toughest financial challenges are behind you. Based on feedback from readers since 2009 and my own experience after leaving work in 2012, I’ve
Earn Active Income For Wants, Use Passive Income For Needs Read More »
As an investor, understanding financial ratios is important to help assess the current state of a company. For example, we have P/E ratios, debt/equity ratios, EV/EBITDA ratios, interest coverage ratios, and so many more. We then compare each ratio to another company’s financial ratio to make a more informed investment decision. As someone who worked
The Most Important Personal Finance Ratios To Build Wealth Read More »
If you’re wondering whether it’s worth paying more for branded gas, also known as Top Tier gas, from places like Chevron or Shell, the answer is no. The gas quality is similar enough where you won’t notice a decline in performance. Your engine will run just fine whether you run 87 octane Chevron gas versus
Paying For Branded Gas Or High Octane Gas Is A Waste Of Money Read More »
With negative cash flow, I’ve embarked on a mission to trim unnecessary expenses from my budget. In times of surplus cash before my home purchase, I hadn’t scrutinized my expenses for years. It’s not that I was lazy about budgeting; instead, I’ve always embraced the “pay myself first and spend the rest” strategy. Each month,
Three Sneaky Expenses That Are Ruining Your Budget Read More »
Living paycheck-to-paycheck is an unpleasant financial experience. Not only does it mean needing to spend everything you have to make ends meet, it may also create an ongoing feeling of despair. Never feeling like you’ll ever get out of the rat race and retire is demoralizing! You might even have to get into debt to
Embrace Living Paycheck-To-Paycheck To One Day Be Free Read More »
On Jan 2, 2024, Claudine Gay resigned as the president of Harvard University amid public outcry over her failure to support the safety of Jews on campus before Congress and allegations of approximately 50 counts of plagiarism. As an author and blogger, I observed the public judgment with fascination, considering that plagiarism has been regarded
Thoughts On Plagiarism As A Thief, Blogger, And Author Read More »
One of the things I’ve tried to work on since high school is being less judgmental about others. To function efficiently in society, I often have default assumptions about people which can sometimes backfire. I’m also certain that if more people got to know each other there would be less conflict. As a minority who
A Blind Spot About Private School Families: They Aren’t All Rich! Read More »
