*This post was originally published on May 8, 2018. When you’re pursuing Financial Freedom, having a strong understanding of financial principles and strategies is a major asset. But it’s arguably even more important to have a solid understanding of yourself. Only then can you assess how your own personal tendencies…
There’s a lot going on in the FIRE community these days. And as more and more people are drawn to the concept of achieving FI at a young age, the interest and demand for information on ways to achieve FI have increased exponentially. But with that explosion of interest has…
Buying a pet is like taking on another mortgage. They come with an upfront cost to actually obtain one, then they require an ongoing monthly payment (in the form of food and general care) AND, depending on the animal, those monthly payments will last anywhere from 10-20+ years. Not to…
Financial principles form the foundation of any viable plan to obtain Financial Freedom. Sound financial principles are evergreen, meaning that throughout time those principles hold true and for the most change very little, if at all. Financial strategies are the ideas and approaches we cultivate and utilize in order to…
Whether we are contemplating, mulling, analyzing, reasoning or evaluating, thinking is one of the most powerful tools at our disposal. Our ability to think about our individual situations, analyze available information, contemplate future possibilities and evaluate past performance allows us to identify creative solutions to accomplish our goals. Most importantly…
Cutting monthly expenses is one of the best ways to help you reach Financial Freedom. You reduce your monthly cost of living moving forward, thereby lowering the amount of money you will need to retire (sometimes substantially). AND instead of that money leaving your wallet each month, it’s now increasing…
Credit cards. They are truly one of the easiest and worst ways to accumulate debt. Far too readily accessed, and with exorbitantly high interest rates, they are a recipe for financial disaster when placed in the wrong hands. As it turns out, the wrong hands equates to almost half the…
Who isn’t on social media these days? Its all well and good if social media is bringing us value and enriching our lives, but for many it’s doing exactly the opposite. While social media can be an excellent tool and unbeatable resource, its also the perfect forum for people to…
We live in a world of now. Instant communication, immediate access to information. Even our Amazon purchases can arrive the same day, so long as we are willing to pay for it. We don’t wait for much these days, and when we do, we aren’t exactly happy about it. But…
It’s that time of year again. A time many people dread. Tax time. Although I might be in the minority, I actually enjoy tax season. I find it to be a great opportunity to take a hard look at the past year and assess what financial goals I’ve achieved, where…