From Route to Retire ... Growing up I was always good at math. I pretty much ran circles around the other kids in elementary school and … Read the post ... about Is FIRE Possible Without Knowing Your Numbers?
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Today’s Featured FIRE Content
The ‘Waste Cash’ Diet
From Penny Wizdom ... There’s a group of people who work by me on a bank of desks. They moved there from different departments about 6 … Read the post ... about The ‘Waste Cash’ Diet
How to Know Your Target Retirement Savings Rate
From Mama Fish Saves ... The basics of consistency and thoughtful spending are universal for long-term financial success. But after that, … Read the post ... about How to Know Your Target Retirement Savings Rate
Camp FIRE Contributor Articles
GET PAID WELL FOR YOUR HARD WORK
I've said before on this blog that my parents didn't teach me about money. I've told you that my mom and dad taught me how to be an honest, … [Read More...] about GET PAID WELL FOR YOUR HARD WORK
Don’t Tell Me What To Do
I've had an epiphany of sorts. Rather than a flash of inspiration, or a sudden strike of brilliance, this has been more like a light bulb … [Read More...] about Don’t Tell Me What To Do
How To Buy A New Car And Not Get Screwed. 5 Car Buying Tips From A Former Car Salesman.
For the past decade I’ve driven my cars into the ground. Two of my last three cars were driven, quite literally, until the engines blew up … [Read More...] about How To Buy A New Car And Not Get Screwed. 5 Car Buying Tips From A Former Car Salesman.
Yesterday’s Featured FIRE Content
The Flavors of FIRE
From On Our Way World ... FI, FIRE, FIOR, LeanFIRE… a lot of terms are bandied about in the personal finance/financial independence … [Keep Reading...] about The Flavors of FIRE
Grand Theft: Your Vices are Hurting More Than Your Finances
From Monkey Free Me ... Right out of college I had to find a job quick to support my wife. We found out that she was pregnant after a year … [Keep Reading...] about Grand Theft: Your Vices are Hurting More Than Your Finances
One Surprising Secret to Financial Freedom
From Greatest Worth ... Freedom of any kind is complicated, but this one secret to financial freedom is an often overlooked but crucial … [Keep Reading...] about One Surprising Secret to Financial Freedom
7 Ways To Control Rising Tax And Property Costs
From Michael Dinich ... One of the biggest challenges in planning for retirement or FIRE is estimating and saving for rising expenses. In … [Keep Reading...] about 7 Ways To Control Rising Tax And Property Costs
Random FIRE Articles
5 BIG THINGS I LEARNED AFTER LEAVING MONEY MAGAZINE
From NextAvenue …
“I’ve often used my own life as fodder for my work. I wrote a financial advice column for parents when my children were young, created an award-winning series on caregiving after my mother was diagnosed with dementia and developed another award winner on coping with what we euphemistically called “the high cost of saying goodbye” when my mother and sister died within six months of each other.
My experiences helped inform the reporting and, in turn, the reporting yielded advice that helped me navigate the challenges and, I hope, did the same for readers in similar situations.
The past year has been no different.
Since leaving my position as editor-in-chief of Money magazine a year ago, I have focused my work on financial wellness — for this Next Avenue column, for a book I’m writing and for the personal brand I’m building. In the process, I’ve learned a lot about what really moves the needle on financial health that I hope will be instructive for readers and also inform my own approach to managing money going forward. I’ve also learned a lot about redefining yourself and your career when you move on from a long-time job (I worked at Money for a total of 22 years) to launch a second act.”
THRASHING THE EARLY RETIREMENT THRESHOLD
From Fiery Millennials …
“Wilt Chamberlain’s best game ever, the one in 1962 where he scored 100 points in a single, multi-record breaking game. In this game he also set the record for number of free throws made, which is incredible because Chamberlin was widely regarded as a bad free throw shooter. So how did a guy who sucks at making free throws set the record?
He changed the way he threw. He went from the typical free throw position to the underhanded granny shot. (But) after that game, he went back to the other method and continued to suck at free throws.
Why’d he change and throw away the chance to break tons of records? Because people made fun of him for throwing granny style and he thought he looked ridiculous.”
Continue reading … THRASHING THE EARLY RETIREMENT THRESHOLD
5 REASONS WHY YOUNG WOMEN NEED TO THINK ABOUT FINANCIAL INDEPENDENCE DIFFERENTLY
From Sisters For FI …
“After reading many personal finance books for women, written by women (and men), I don’t think these five reasons are addressed enough.
While I am all for equal gender pay, there are still some areas where men and women differ and these reasons are why we need to be addressing women’s personal finances differently.”
THE 55 STAGES OF FINANCIAL INDEPENDENCE SEEKERS (FIREES)
From Military Dollar …
“You might have heard of the Milestones or Stages of Financial Independence…There are some pretty standard steps people take when walking the path to FI: Establish an emergency fund. Invest. Spend less than you earn.
But they are, it has to be admitted, a bit boring. And it can take sooooo long to transition between stages. Let’s take a more amusing look at things.
Let’s talk about the stages of being a FIREe!”
I Slogged Through 26 Different Retirement Calculators
From Chief Mom Officer …
Now, I love playing around with retirement calculators. But doing 26 of them in a row is quite an achievement, even for me. I know in most parts of society, doing this makes me a bit weird. But here, in personal finance land, I know you understand.
I’ve been playing around with retirement calculators for almost twenty years now. I turned 20 in the year 2000, so I was using them in my 20’s. My income was increasing quickly, as would be expected for someone that age just starting a career.
Now that I’m on the “wrong side of 35” (I’m 38 now), I thought it was time to try again. I’m going to share what I learned with all of you today.