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?
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.
How many times lately have you heard how prohibitively expensive college is? It seems impossible to make it out of college without being neck-deep in debt. With ever rising tuition, books, meal plans, rent, clubs, intramural sports, and other fees... always more fees. If you don't have filthy rich parents or a full-ride scholarship can … Continue reading 6 ways I hacked college, and you can too
People are always wondering, "where should I invest my money first?" You have 401K's, Traditional IRA's, Roth IRA's, Brokerage Accounts, Debt payoff, Student Loans, Mortgages, Hedge Funds, Crowd-Sourced Investing, hard money lending, Real Estate, Treasuries, Savings Accounts, Businesses, cryptos, and I'm sure I'm still missing some. If you ask 100 different people, you'll probably get … Continue reading Where to invest your money