Ever since achieving financial independence in 2012 – where my investment income covers my desired living expenses – I’ve run into the Internet Retirement Police (IRP) at least once a month. The Internet Retirement Police are those people online who have nothing better to do but to criticize your way of life after you achieve
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Planning for retirement is a big ordeal in itself. Throw a divorce on top of that and things can quickly spiral out of control. If your marriage isn’t working out, it’s crucial to know how to prevent divorce from ruining your retirement plans and finances. Divorce is the #1 destroyer of wealth today, followed by
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FIRE stands for Financial Independence Retire Early. FIRE FOMO stands for Financial Independence Retire Early Fear Of Missing Out. What a mouth full! Whenever there is something hot and trendy it’s natural for more people to want to have or pursue that hot and trendy something. FIRE is extremely trendy right now because the stock
FIRE FOMO: The Desire To Retire Early When You Really Can’t Read More »
Are you looking options for terminating a car lease early? Since the pandemic began, there’s been an increase in people looking to terminate a car lease early to save money. During recessions, terminating a car lease also becomes a bigger thing. In difficult times, it’s important to cut costs and boost savings. With a potential
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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
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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
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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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