In Pursuit of Freedom through Financial Independence
As you gain control of your personal finances, it is easy to get lost in all the numbers. You can obsess over the details of your budget, how much your spend on gas each week, the expense ratios of your mutual funds, or even the interest rate on … [Continue reading]
At the height of my debt debacle I owed over $400,000 at 6.8% interest. That amounts to nearly $30,000 per year just in interest. Let me say that again. I was paying $30,000 per year and getting NOTHING. Someone was getting rich and it wasn't … [Continue reading]
In Use it Or Lose It, we talked about the fantastic benefits of the Roth IRA. While you don't get any tax break up front, the account grows tax-free, which means that you never have to pay any more taxes on the money, even when you make … [Continue reading]
You can purchase insurance for nearly every possible unforeseen problem in your life. Some problems, like death, disability, and severe illness are financially catastrophic and you need insurance to protect yourself. Other problems, such as your … [Continue reading]
Once you annihilate your debt and start to accumulate assets, you will become a larger and larger legal target. The more you have, the more you could lose if you are found to be at fault for someone's bodily injury or property damage. You need to … [Continue reading]
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