From Career Crisis Accountant ... One aspect of financial independence often overlooked is that your path will look different compared to … Read the post ... about Experiment: Learn from Others on the Path to FI
Main Content
Today’s Featured FIRE Content
Why Debt Is So Bad
From Financial Genome Project ... “Only when borrowers have access to efficient credit networks can they escape from the clutches of loan … Read the post ... about Why Debt Is So Bad
Saving My Own Life with Sabbatical
From Lean FIRE ATL ... Sometimes I have to pinch myself that this is my new life. I am living an exotic adventure. Beginning April 2018, … Read the post ... about Saving My Own Life with Sabbatical
Yesterday’s Featured FIRE Content
Four Things You Can Do to Prepare for the Next Recession
From Money Buffalo ... I don’t watch the national news channels, it doesn’t matter if it’s CNN or Fox News. The reason why is because the … [Keep Reading...] about Four Things You Can Do to Prepare for the Next Recession
Building Long Term Wealth with One Simple Strategy
From Chief Money Man ... Over the weekend I was catching up with an old friend, Ricardo. We worked together at a large multinational Media … [Keep Reading...] about Building Long Term Wealth with One Simple Strategy
Summer Is the Season for Financial Independence
From The Frugal Freeway ... I’d be willing to bet that dreams of quitting peak in summer. Maybe it’s the childhood memories of eating … [Keep Reading...] about Summer Is the Season for Financial Independence
Fishing and Finances are the Same: The Top 20% Catch the Majority of the Rewards!
From Financially Alert ... A few days ago, I was stoked to hit a new personal fishing record. I caught 31 bass in a single session! When I … [Keep Reading...] about Fishing and Finances are the Same: The Top 20% Catch the Majority of the Rewards!
Camp FIRE Contributor Articles
Could you Earn the Boy Scout Personal Finance Merit Badge?
I love the Boy Scout motto: Be Prepared. The motto traces back to a book published in 1908 titled Scouting for Boys. The author was … [Read More...] about Could you Earn the Boy Scout Personal Finance Merit Badge?
How to Calculate Retirement Costs for Anything
Not long ago I was looking over my expenses when I had a financial epiphany of sorts. It was about the true retirement costs of my spending … [Read More...] about How to Calculate Retirement Costs for Anything
A PERSONAL FINANCE WORKBACK SCHEDULE WILL HELP YOU REACH YOUR FINANCIAL GOALS
Knowing where you want to go is not the same as knowing how to get there. Even if you know exactly where you want to end up, you’re going … [Read More...] about A PERSONAL FINANCE WORKBACK SCHEDULE WILL HELP YOU REACH YOUR FINANCIAL GOALS
Random Articles That Can Help You Reach FIRE
14 EASY WAYS TO STAY MOTIVATED DURING DEBT PAYOFF
From Debt Free Happens …
“Paying off debt can often take months and even years to do. Due to that it is easy to get discouraged or sidetracked and lose interest if you hit a roadblock which is guaranteed. The best way to keep yourself on track is to find new motivation continually.
This was something we did frequently while paying off $107K in 33 months and we would love to share what we learned. Here are 14 easy ways to stay motivated during debt payoff.”
Keep reading … 14 EASY WAYS TO STAY MOTIVATED DURING DEBT PAYOFF
SAVE HALF YOUR INCOME?! A HOW-TO GUIDE TO FINANCIAL INDEPENDENCE!
From Monkey Free Me …
“Saving half of your income or more sounds impossible for most people, and it was impossible for me too at one point. But, over the years I put together a plan to save half my income and reach financial independence faster.
Here are my thoughts on how you might be able to do this too.”
Keep reading … SAVE HALF YOUR INCOME?! A HOW-TO GUIDE TO FINANCIAL INDEPENDENCE!
Is Wall Street A Casino
IS WALL STREET A CASINO? from Mr. FIRE by 2023 at FIRE Checklist.
In his own words …
“It is generally agreed that casinos should, in the public interest, be inaccessible and expensive. And perhaps the same is true of stock exchanges.” – John Maynard Keynes
“My wife walked up to a slot machine, inserted a $100 bill and by the 3rd spin she hit pay dirt! She loathes Wall Street, says it’s gambling, yet she likes the penny slots. Go figure” Continue Reading
Don’t Give Yourself A Choice
From Farmhouse Finance: Don’t Give Yourself A Choice.
“Telling yourself that you’re going to do something, and actually doing it, can be hard for some people to do. You can make it easier by not giving yourself a choice or a way to opt out of something that you’ve committed to.”
MY COMPLETELY UNSEXY DEBT PAYOFF STORY
From Reaching For FI …
“After my May spending report, that “student loans” line item is going to disappear and I’m incredibly, incredibly happy about that.
But my first and primary instinct after saying that is to immediately downplay the significance of that accomplishment. Because I didn’t pay off $50,000 or $30,000 or even $15,000 worth of student loan debt four years after graduation. In fact, I had less than five figures of student loan debt—my total loan amount came to about $7,000.
So I graduated with “only” about $7,000 in loans. Compared to people’s stories about paying down $10,000-$20,000 of debt a year, taking multiple years to pay mine off seems laughably insignificant. And I got a massive $1,500 gift a few months after graduation. So really it was more like $5,500, which makes my pace even more embarrassingly glacial.”