I've seen the same money message repeated a million different ways by as many financial writers trying to tell us we're richer than we think! Simply by being born into a first world country and having access to clean water, electricity and the many other conveniences that come with the good life. And in many ways I agree with the pundits, we are very lucky. In many regions … [Read more...] about You Are Poorer Than You Think!
Retire Early
What is the FIRE Movement? (Financial Independence Retire Early)
F.I.R.E. is an acronym which stands for Financial Independence, Retire Early. It's an online movement of people who are focused on retiring early by living frugally, increasing income, and investing every dollar they can now. It's said that the financial movement had its beginnings in 1992 with the "Your Money or Your Life" book written by Vicki Robin and Joe Dominguez. It … [Read more...] about What is the FIRE Movement? (Financial Independence Retire Early)
Saving 10 Percent of Your Income Per Year is NOT Enough
If you want to retire early and you listen to the advice of many financial experts you will NOT achieve your goal. Many experts will tell you to save ten percent of your income and invest in bonds and mutual funds. Another ten percent towards your debt, and just to rub salt in the wound and make you look really stupid, give ten percent away. It would be funny if it wasn't so … [Read more...] about Saving 10 Percent of Your Income Per Year is NOT Enough