The FIRE Calculator
Calculate your Financial Independence number and determine how much you can pay yourself in retirement.
One of the benefits of holding ADA is the ability to stake it as a network participant and earn additional ADA as a reward for doing so. I’m going to walk you through the 5 steps to staking your ADA.
It’s critical that you understand these 5 personal finance ratios; savings ratio, emergency fund ratio, current ratio, debt-to-income ratio, and mortgage-to-income ratio.
Within my 401k, it showed as two sub-accounts (Roth & traditional). The rollover for each should go into the corresponding IRA. Roth 401k to Roth IRA and Traditional 401k to Traditional IRA.
The savings ratio is commonly used by financial planners to provide insight into your financial security situation. The savings ratio is calculated by dividing your monthly savings (including employer match) by your monthly gross pay.
VFIAX is Vanguard’s 500 Index Fund. VFIAX was created in 2000 and is designed to provide investors exposure to the largest 500 companies on the United States stock market by closely tracking the S&P 500 index.
VTSAX and VFIAX will provide similar returns because a large portion of their holdings are in the same companies. VFIAX holds about 1/7th of the stocks of VTSAX but has posted similar returns over time. Both VTSAX and VFIAX represent the same professionally managed core basket of individual stocks.
A financial plan is essential if you want to build wealth for your family. A financial plan is a comprehensive evaluation of your current household income and expenses and projected household income and expenses.
The purpose of a sinking fund is to identify future planned expenses, determine how much you need to save between now and when the expense is due, then save that much over the weeks, months, years until the target date.
Real Estate Investment Trusts (REITs) give novice investors access to some of the benefits of investing in real estate without the high upfront capital requirement and learning curve.
Hi, I’m Nick French.
Welcome to FIRE The Family. We're here to help you get your family on track to achieve financial independence.
In 10-years, we had 3 boys, earned 5 degrees (with no student loan debt), bought two houses, and moved across the country 3 times.
We achieved CoastFIRE at the age of 30 and are on track to achieve financial independence in our 40’s. I’m currently working towards earning my Certified Financial Planner designation.
We’re excited to show you how. Start Here!
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The emergency fund ratio is calculated by dividing your cash and cash equivalents by your monthly non-discretionary expenses.