Financial Independence Retire Early With a Family
The Greater Fool Theory states, that the price of an asset is determined by whether you can sell it at a higher price to someone else. Basically, selling something to someone who is willing to buy your something for a greater price than you did.
Read MoreThe cryptocurrency market has been absolutely dominant. There’s no doubt about that. The near-vertical ascent of Bitcoin and Ethereum has created a euphoria not seen since the late ’90s. The crypto market euphoria is at a maximum and the recent Coinbase IPO is the evidence.
Read MoreWhy would a reasonably fit, healthy 30-year-old pay a landscaping company to mow their lawn? Good question, it’s because I understand what I’m worth per hour. It’s simple, if the chore costs less than you can make in the same amount of time, you should consider outsourcing.
Read MoreEstablished low-earners using a tax-advantaged account will generally qualify for the Saver's Credit. This means that they can get up to $1000 in tax credits. Depending on how much they save.
Read MoreI’m a salesperson, but not what you’re thinking. The old-fashioned way of sales is 100 percent commission. Modern sales careers in software and other industries typically provide a base salary in addition to commission.
Read MoreThe average individual income in the United States is $36,000. I was able to earn that with no relevant job experience, no college degree required, and without having to relocate by getting a job as a SaaS BDR. In 1-year, I was earning double the average income and above the average household income in the United States and now I stand to make 3x - 5x the average income. No prerequisites required.
Read MoreWe’re now 1/12th of the way through the year. With only 11 months remaining to outperform the market and our last year’s performance, it’s time to review our performance and activities for January 2021.
Read MoreOver-Diversification is the practice of spreading your investment so thin across so many investments that it has less chance of outperforming the benchmark. A mutual fund, for example, can hold so many stocks that it no longer tracks the intended benchmark index.
Read MoreWe all want to earn a high return on our investment. That’s the entire purpose of investing. To commit cash today for the opportunity to receive more cash in the future. Our purpose for investing is not that different than the goals of a business; to generate profits for its owners. As investors, we can align our philosophy with that of the businesses we seek to invest in.
Read MoreThe market keeps smashing previous records. You may be looking at your 401k and wondering if you should contribute more, less, or the same when the market is at all-time highs. If you prefer to invest in stocks, how can you invest when the market is at all-time record highs?
Read MoreIt’s vitally important to understand how marriage can affect your credit score. It’s often lost in the excitement of the moment and the thrill in combining lives with one another. When you get married, your credit scores (or reports) won't merge with your spouse. Joint accounts you share may appear on both of your credit reports, but your credit history will remain independent.
Read MoreIf you take all of the financial guru’s of the past, present, and (likely) future, you can distill their shticks down to a basic acronym. The B.E.S.T. Method to Achieve Financial Independence. Budgeting, Emergency Fund, Savings Rate, and Total Stock Market.
Read MoreDetermining a family allowance Strategy is an exercise in trial and error. Not all strategies will work for all kids. After having three boys, I can say that no kid is truly the same. The goal of an allowance isn’t to simply giving equal pay for equal work, but rather to create teachable moments. By providing a weekly allowance, we are consistently reinforcing positive money messaging with our kids.
Read MoreKayla and I bought and sold our first home in just 2-years and pocketed about $32k in cash. This was a major boon to our household finances and helped us geoarbitrage our family across the country.
Read MoreUnderstanding your net worth is one of the best actions you can take for your finances. Net worth is simply the total value of your assets less the total value of your liabilities. For many people, this may be a negative number, but rest assured, there are actions you can take today to improve your net worth.
Read MoreCalculating your net worth is a valuable action you can take today to better understand your current financial health. Once you’ve calculated your net worth, you can then track your net worth using tools and software. Finally, you can increase your net worth by generating free cash flow and allocating the surplus cash each and every month.
Read MoreA financial independence retire early (FIRE) calculator can be a great resource to visualize your path to financial independence. We built a FIRE calculator that provides several key functions. Use it to determine your FIRE number, how long it may take to FIRE, and what your retirement income looks like today vs. at your FIRE goal.
Read MoreThe Richest Man in Babylon is a series of financial parables first written in 1926. Its original form was that of separate financial management pamphlets. It wasn’t until 1927 that these pamphlets were pulled together to form the book that would remain in print ever since.
Read MoreAlly Bank has upgraded its “Online Savings Account to include a new set of smart savings tools designed to fit your needs. They’ll help you organize, optimize, and analyze your money, so you can push your savings further.”
Read MoreImplementing a Zero-based budget is an effective way to take control of your household finances. By tracking your income and estimating your future expenses, you can plan for the upcoming month. By starting each month with a plan for our money, we can spend less, save more, and invest for the future.
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