This article was written by Early 20s Money FIRE? What is That? No, it is not an actual fire, and it certainly isn't something to run away … Read the post ... about Why Every Young Adult Should Start Pursuing FIRE
Main Content
Today’s Featured FIRE Content
How To Build Up a One Month Cushion (and Why You Should)
From Pennies to Wealth ... For about a year now, we’ve had a one month cushion in our budget checking account for our monthly expenses. … Read the post ... about How To Build Up a One Month Cushion (and Why You Should)
Can Real Estate Investing Save a Life?
From Cash Flow Kat ... Can real estate investing save a life? Sounds overly dramatic, doesn’t it? Save a life? Doubtful. Or so I would … Read the post ... about Can Real Estate Investing Save a Life?
Yesterday’s Featured FIRE Content
How to Make Your Money Work For You: A Beginner’s Guide
From Make Money 2000 One major difference between the rich and the poor is that the wealthy people have mastered the art of making money … [Keep Reading...] about How to Make Your Money Work For You: A Beginner’s Guide
7 Ways to Properly Diagnose and Treat Your Financial Health
From Money Logue ... I have written seven questions that I want you to ask yourself. Answering these will help you not just to diagnose … [Keep Reading...] about 7 Ways to Properly Diagnose and Treat Your Financial Health
What Are The Best Ways To Start Building An Emergency Fund?
From Women Who Money ... You’ve probably heard the mantra “hope for the best, prepare for the worst.” This is true when it comes to having … [Keep Reading...] about What Are The Best Ways To Start Building An Emergency Fund?
Do The Unexpected – Advice From An Autistic Graduation Speaker
From Sef Scott - Unexpected "I would imagine that to the seniors that know who I am that it is entirely unexpected that I would be … [Keep Reading...] about Do The Unexpected – Advice From An Autistic Graduation Speaker
Camp FIRE Contributor Articles
NOT GOOD AT BUSINESS? GET YOURSELF A MONEY MAKING MACHINE
Generally speaking, wealthy people get and stay rich because they make smart decisions with their money. They buy assets, not liabilities. … [Read More...] about NOT GOOD AT BUSINESS? GET YOURSELF A MONEY MAKING MACHINE
UNIQUE MONEY SAVING IDEAS
Personal finance is simple. It comes down to four main factors: spend less money than you earn, save and invest that difference, eliminate … [Read More...] about UNIQUE MONEY SAVING IDEAS
AN OPEN LOVE LETTER TO MY WIFE
Last week my wife left me and the kids for the week so that she could fly home to visit her dad, who is battling cancer. Before leaving she … [Read More...] about AN OPEN LOVE LETTER TO MY WIFE
Random Articles That Can Help You Reach FIRE
Your Early Retirement Expectations Are Probably Wrong.
From The Early Retirement Dude … “You’ll hear people say, “I can’t imagine what I’d do if I retired.” That’s a throwaway line, shallow, but at heart it speaks to the fear of destroying the career-centered self-identity they inhabit. The right thing to ask yourself isn’t what would I do…it’s who would I be?
And that’s why retirement can be so scary. The self shies away from contemplating its own destruction, yes? Because to destroy the sense of self is effectively to die…and that’s where the fear really lives.”
Continue reading… YOUR EARLY RETIREMENT ARE PROBABLY WRONG at Early Retirement Dude
The 10 Commandments of Retirement
From Fritz at The Retirement Manifesto …
“These 10 Commandments of Retirement represent my current philosophy on our retirement transition as we approach the Starting Line Of Retirement, with less than 100 days to go. I hope you can apply some of these thoughts in your life, wherever in life you may be, and that you have a better retirement as a result. If you’re young, think of these commandments as long-term goals, things to consider as you chart your way through life. If you’re already retired, think and decide for yourself if some of these make sense for you to apply in your own retirement.”
Continue reading… THE 10 COMMANDMENTS OF RETIREMENT
Is Growth Hurting Your Investing Returns?
IS GROWTH HURTING YOUR INVESTING RETURNS from Mr. Tako Escapes
In their own words …
“In all biological systems, organisms compete for resources. Whether that’s food, sunlight, space, reproduction, or even social position, organisms compete in some form or another.
Humans are no different. We compete for food, jobs, beer, living space, tacos, energy, and even our investments… just like any biological system in nature. Where things get a little different is how humans compete for these resources — we use money. The price of scarce resources can be bid up so high, that only the most successful humans can afford it.
While there’s plenty of criticism of “money” in this world, it’s a far better system than beating each other with sticks and rocks to see who’s the baddest mofo around.
This competition for resources generally works wonders for doling out the world’s goods and services — except when it comes to investing.” Continue Reading
Can Real Estate Investing Save a Life?
From Cash Flow Kat …
Can real estate investing save a life? Sounds overly dramatic, doesn’t it?
Save a life? Doubtful. Or so I would have thought a few months ago.
But now… now…I will tell you that real estate investing saved my brother’s life. Yes, it’s true. Three months ago, my brother was mere hours away from a certain death. And, while I credit crucial medical resources and key people with his life today, real estate investing played a major role.
Can Real Estate Investing Save a Life? | CashflowKat
HOW MUCH DOES IT TAKE TO BE WEALTHY IN AMERICA?
From The Money Habit …
“What does it take to be considered wealthy in America?
Apparently the answer after interviewing 1,000 folks across all ages and states is $2.4 million. Using a 3.5% withdrawal rate, that would throw off $84k a year to live off. We’ve already established that with some planning you can pay zero federal taxes on your money, so you’d be free to spend every single dollar of that amount.
Interestingly, there’s a divergence by generation on how much it takes to be considered wealthy. Millennials think that number is $2 million, while Generation X and Boomers believe it’s closer to 30% more.”
