In Pursuit of Freedom through Financial Independence
If you'd eventually like to stop working and live life on your own terms, you need to know how much to save. The 4% rule The conventional wisdom is that you need to save up enough money so that you can live on 4% of your total savings per … [Continue reading]
A pension is a form of retirement plan where your employer sets aside money for you, invests it, and then pays you a certain amount per month when you leave the company. Defined Benefit vs. Defined Contribution Plans Pensions can also be referred … [Continue reading]
To accelerate your push to financial freedom, I recommend that you keep your fixed monthly costs as low as possible. Along with monthly cell phone bills, a gym membership is one of those pesky monthly fees that is challenging to reduce or … [Continue reading]
Last Thursday, August 17th, 2017, the S&P 500 logged it's second largest one-day decline of the year, at 1.54%. In the scheme of history, this is not particularly newsworthy. After all, the S&P 500 has logged much larger percentage losses in … [Continue reading]
Learning to budget is scary. After all, it means you have to say NO to unnecessary purchases and keep your eye on long-term goals at the expense of short-term pleasure. There are a variety of ways to budget, ranging from the restrictive and … [Continue reading]
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