If you’re doing investing right, you’re saving a large percentage of your income every month (like 25-50%) and stuffing it into stocks, bonds, and real estate investments. At first, even with a high savings rate, your net worth will be low and the money made by your investments will also be low, like maybe a few hundred […]
Entrepreneurship is the American Dream
There are many different ideas about what constitutes the American dream. Some feel that the American dream is home ownership. Others feel that the American dream is being able to achieve success through hard work. While those are certainly important, in my opinion FREEDOM is the most salient element of the American dream, and the best […]
Don’t Lose Your Freedom: Mitigating Sequence of Returns Risk
Let’s say you’ve been diligently saving half of your income for the last 15 or 20 years, and you finally accumulated enough to call yourself free. If you’re convinced of the merits of the 3% rule, then that means you have saved up 33x your yearly spending. For example, if you plan on spending around […]
Don’t Let Fees Steal Your Freedom
This post is as much directed to the blogging community as it is to my wife’s employer. You see, her employer offers a 401k plan (a good start) and a 4% dollar-for-dollar match (great!). However, her 401k plan is run through American Funds (bad). If you are not familiar with American Funds, they are known for […]
How Much Freedom Are You Stealing From Yourself?
Let’s say you broke down and bought yourself a new fat bike (guilty as charged). Maybe you just can’t live without your daily $5.00 latte or your premium cable package. These might seem like relatively innocuous purchases, but the real cost of these items is much higher than the face value. Why is that? Because […]
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