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Financial Independence Failures

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http://diversefi.com/2018/09/17/financial-independence-failures-2/From DiverseFI …

I think the biggest problem facing the financial independence/retire early community is lack of proof of concept. There are many people out there talking about early retirement, but very few who have the longevity to prove that their calculations are correct.

It’s one thing to intellectually know that the math works, and yet another to see success over and over again. The only stories more rare than long-term FI success are financial independence failures. There are probably some good reasons for this.

Financial Independence Failures – DiverseFI

 

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I Am Frugal, Not Cheap

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From The Financial Journeyman … “While my wife likes to tell people that I am cheap, I am just frugal. When I do spend money, I seek out value. I want the best quality product at the lowest price. In the past, there have been times when I bought the lowest priced product, but the quality was not […]

The FIRE Movement. What is FIRE Finance and How Does it Work?

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The FIRE Movement What is FIRE and how does it work? In the world of personal finance, FIRE stands for Financial Independence Retired Early, or some variation thereof and there is a growing movement behind this concept. Within the FIRE Movement, one is considered to be FIRE, or FIRE’d, when their living expenses can be […]

Lucky!

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From FI Heroes … Since we have started talking about our plans to FIRE we have heard one comment time and time again. And that comment is; “Wow! You are so lucky. I wish I was that lucky.” It’s a seemingly harmless comment but it’s a comment that always throws me for a loop because […]

Early Retirement Planning Strategies

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From Route to Retire … Early retirement planning.  You’d think the closer we get to our FIRE date, the simpler things would become. The majority of our wealth is currently in my 401(k) plan – just over $700,000.  We also have a little over $100,000 in a traditional IRA that we rolled over from my wife’s […]

INSIDE THE FIRE MOVEMENT

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From The Wealth Hound… “FIRE (Financial Independence, Retire Early) is a catchy acronym and social movement that promotes financial security and retirement earlier than the traditional age of 65. Over the past few years, the FIRE Movement has grown in popularity and has attracted a substantial number of new followers. Members of the FIRE Movement […]

Why Everyone Should Plan To Retire Early

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From Chief Mom Officer … Ever talk with someone about retirement, and hear that they’re going to need to work until they’re 70? Or that they’ll have to keep working forever? Even though a lot of folks in the financial media will tell you to delay retirement until 70, there’s a good reason to plan […]

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