From Go Curry Cracker ... "Our story was recently shared with 8 million viewers on ABC World News Tonight. Overall this was really … Read the post ... about DOES EXTREME FRUGALITY REALLY MATTER?
Main Content
Today’s Featured FIRE Content
20 WEEK EXPERIMENT TEACHING OUR KIDS ABOUT FI
From The FI Way ... "How do you think your children would manage money if given the opportunity to earn income, pay expenses, and reap … Read the post ... about 20 WEEK EXPERIMENT TEACHING OUR KIDS ABOUT FI
WHY I’M NOT WORRIED ABOUT A RECESSION
From Steveonomics ... "A recession is coming. That’s all I seem to hear these days. Raising interest rates plus Trump saying dumb stuff … Read the post ... about WHY I’M NOT WORRIED ABOUT A RECESSION
Looking for a side hustle? What about blogging?
Yesterday’s Featured FIRE Content
5 LIFE LESSONS FROM WEST POINT
From MSO Life ... "The four years I spent at the United States Military Academy were amongst the most grueling and challenging years of … [Keep Reading...] about 5 LIFE LESSONS FROM WEST POINT
THE GREATEST SECRET BETWEEN DEBT AND WEALTH
From The Wealthy Accountant ... "There is a secret seldom spoken of by the financially independent. Those in the know can hear echoes of … [Keep Reading...] about THE GREATEST SECRET BETWEEN DEBT AND WEALTH
THE AMERICAN DREAM IS STILL ALIVE … YOU’RE JUST NOT DOING IT RIGHT
From Life and my Finances ... "'The American dream is dead…' I’m hearing this more and more recently, and I honestly can’t understand … [Keep Reading...] about THE AMERICAN DREAM IS STILL ALIVE … YOU’RE JUST NOT DOING IT RIGHT
Camp FIRE Contributor Articles
CREATE FREE CASH FLOW TO CATCH FIRE
Create Free Cash Flow Many purveyors of FIRE (Financial Independence, Retire Early) have large incomes. These are people such as doctors or … [Read More...] about CREATE FREE CASH FLOW TO CATCH FIRE
A BIG SAVINGS RATE IS NOT REQUIRED TO RETIRE EARLY
Saving a large percentage of your income, like more than 50% of it, is often preached as a requirement necessary to reach financial … [Read More...] about A BIG SAVINGS RATE IS NOT REQUIRED TO RETIRE EARLY
BUYING AND SELLING ABANDONED STORAGE UNITS AS A SIDE HUSTLE
Buying and selling abandoned storage units as a way to make money is probably the most interesting side hustle I've ever done (and I've had … [Read More...] about BUYING AND SELLING ABANDONED STORAGE UNITS AS A SIDE HUSTLE
Camp FIRE Finance is sponsored by
Random Articles That Can Help You Reach FIRE
The History of Women, Work and Money
From Liz at Chief Mom Officer …
“Women, work and money. We take for granted nowadays that a woman can manage her own finances. She can get a loan in her own name, a credit card, work a full time job, and invest however she wishes. She can work full time outside the house, or still decide to stay home/work part time.
You know, though, it wasn’t so long ago that our fore-mothers were fighting for these rights we take for granted today. I hope today you’ll also learn something interesting you didn’t know before, and can go share a new tidbit with friends and co-workers. And that I’ll inspire you – whatever your gender – to step up and do something differently to help change the world.”
Continue reading… THIS HISTORY OF WOMEN, WORK AND MONEY – AND A LOOK FORWARD
What I Won’t Do in Retirement
WHAT I WON’T DO IN RETIREMENT by iVigilante.
In our own words
It’s easy to get so focused on reaching FIRE that we forget why we’re doing it in the first place. Don’t be like the dog that catches it’s tail and doesn’t know what to do next. Have a plan and something to look forward to. Consider creating a fun list of things you’ll do, or won’t do, like this one that iVigilante and his wife are looking forward to once they catch FIRE.
In his their words
“At difficult times, like most of this year so far, I sometimes think longingly about better days ahead. I’d call it “hope,” but Mrs. Vigilante and I are doing way too much to advance ourselves toward this likely future to give it such a connection-less name…maybe “dilatory clairvoyance” is more accurate? Anyway, today is about sharing with you some of the top things I daydream about not doing in my FIRE future” Continue reading …
FORGET NET WORTH. WHAT’S YOUR WET WORTH?
From Personal FI Guy …
“There are plenty of financial metrics that people use, trying to define the health of their finances. Among these are cash flow, net income, and debt-to-income ratio, just to name a few. However, I recently came across a metric that nobody seems to really be talking about: wet worth.
Wet worth is a financial metric that only focuses on liquid assets “
Keep reading FORGET NET WORTH. WHAT’S YOUR WET WORTH?
How Long Until Financial Independence?
HOW LONG UNTIL FINANCIAL INDEPENDENCE? from Jake at unFinanced Life.
In his own words: “Want to know how long it could be until you reach Financial Independence (FI)? The basic math is pretty simple and in this post I’ll show you how to forecast the answer to this really important question. And I’ve made some pretty nifty calculators that should be lots of fun for you to play around with.” Keep Reading
Jake has put together a pretty slick and easy to use early retirement calculator that will help you estimate how much money you’ll need to retire early and how long it’s going to take you to accumulate that money. There are slide bars that allow you to quickly and easily make changes to your assumptions, like what percentage of your portfolio you plan to live on, and the return you think you’ll get. Check it out!
CHOOSE YOUR OWN ADVENTURE: THE 5 PERSONAS FIRE
From Prairie FIRE Canada …
“In my quest to learn everything I could about financial independence (FI), I discovered a pattern of sorts that allowed me to organize all the resources, Facebook groups, blogs, and podcasts into financial independence archetypes. I call this framework the Personas of FIRE.
These are fictional representations of personality types found in the FIRE Community.”
Keep reading CHOOSE YOUR OWN ADVENTURE: THE 5 PERSONAS FIRE
Camp FIRE Finance is sponsored by
