If you're into personal finance you've probably heard the term "financially independent," but what does that even mean? Financial independence is the ability to live off the income of your own personal resources. Those personal resources could be stocks, bonds, real estates, businesses, annuities, royalties, or any other investments. Being financially independent (abbreviated as FI) … Continue reading What is financial independence?
It’s funny how quickly things can change. In early 2015 I was preparing to leave my job at a software startup to get my MBA. My boss was trying to convince me not to leave, he said an MBA wasn’t worth it and it would never pay off. He even offered me a management position … Continue reading When I realized what matters most
How often do we hear the words, "I don't have time for that." I hear this excuse all the time from both friends and colleagues. Sure, in some cases it's a valid excuse, but oftentimes it isn't entirely accurate. We all know those people who always claim to be "so busy." Ironically, I've seen some … Continue reading “I don’t have time for that…”
A couple specific events have played a major role in shaping me and setting me on the path to financial independence. The first was meeting and marrying my frugal wife, the second was reading The Richest Man in Babylon. When I first read this book back in 2014, I remember being glued to the pages. … Continue reading Financial lessons from the ancient world
Do you hate budgeting? Do you wonder where all your money went at the end of every month? Follow these 5 simple steps to get your spending under control today.
I was fortunate enough to study abroad while I was getting my undergraduate degree. I went to Cambridge University in England, which was one of the best experiences in my life. If you need some proof, just look at the view I saw every day. Cambridge was about a 45-minute train ride from London. My … Continue reading 3 tips to “mind the gap”
How many times have you fallen into the trap of thinking, "I'll be happy when..."? I'll be happy when I... graduate, get a raise, make 6-figures, get married, have a perfect marriage, get in shape, have $X in my bank account, have a nicer house, drive a nicer car, don't have to work as many hours, get a better job, get my house paid off, finish this week/month/year, have a net worth of $X, get more vacation, or retire.