Anything passive first takes active energy. The best time to put in the effort is when you are young and not yet ravaged by disease or burdened by family obligations. If you want to learn how to build passive income in order to retire early, you’ve come to the right place. In 2012, at the age of 34, I built […]
How To Build Passive Income In Order To Retire Early Read More »
Are you wondering whether you can save too much in your 401(k)? After all, if you save so much in your 401(k), you might not have a large enough taxable investment portfolio to generate passive income before 59.5. However, the reality is, you can’t save too much in your 401(k) if you follow my guidelines.
You Can’t Save Too Much In Your 401(k) For Retirement Read More »
As one of the founding fathers of the modern-day FIRE movement, I’m impressed with how big the movement has grown. Although my definition of true FIRE is to have enough retirement income pay for your desired living expenses, there has been a proliferation of FIRE sub-types over the years, including Wife Financial Indenence, or WIFI.
Wife Financial Independence (WIFI): A Way For Men To Retire Early Read More »
As the pioneer of the modern-day FIRE movement in 2009, when I started chronicling my journey and ultimately retiring early in 34, there are many financial independence retire early myths I want to talk about. In 2012, I left my day job in finance with a severance package that paid for over five years of
Financial Independence Retire Early (FIRE) Myths That Just Aren’t True Read More »
Most Americans are lousy at retirement planning. About 64% are estimated to retire broke! This is largely due to a lack of preparation and falling prey to retirement planning myths. Even with so many people going into retirement unprepared, you don’t have to follow the herd into financial ruin. Simply learning about the most common
Retirement Planning Myths That Can Ruin Your Future Read More »
Single and looking for advice on retirement planning? You’re not alone. The number of single individuals is on the rise, especially among the young. Only about 50% of Americans over the age of 18 are married today compared to 72% in 1960. Couples are marrying later in life, never marrying, or simply choosing to live together
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The median 401(k) retirement balance is low. With such low median 401(k) retirement balances by generation, it may be harder for a large swatch of Americans to retire comfortably. This post interviews various people with low 401(k) balances who explain why their 401(k) balances are so low. You likely won’t be able to live off
Explaining Why The Median 401(k) Retirement Balance By Age Is Dangerously Low Read More »
As one of the original modern day FIRE members since 2009, when I started Financial Samurai, I have encountered the FIRE Police on a weekly basis. The frequency of encountering the FIRE Police is almost as often as encountering racist people when I went to high school and college in Virginia. When I graduated from
FIRE Police: Judging The Financial Independence Early Retire Community Read More »
Did you know that having limiting beliefs about wealth and retirement could be crushing your future? It’s time to break out of a negative mindset. To build wealth, you must adopt a positive money mindset. Despite highlighting four examples of people who are able to retire by 40, and providing very clear graphs that are
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There’s nothing better than being free to do whatever you want. However, unless you’re born with a multi-million dollar trust fund, you’ll unfortunately have to work for your freedom. This article will discuss how you can retire early and never have to work again. You can follow my savings guide to increase your chances of
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