I like to say that frugality has bought my freedom. Frugality is important after all because a savings rate is the primary indicator of how short (or how long) it will take us to reach financial independence. But, frugality is only the first factor that affects your savings rate. The second factor is your income. To [Continue Reading]
Money and the Path to a Better Life
Money. It’s the most important topic that no one wants to talk about. If you want to create an awkward silence at a social gathering, just ask someone “how much money do you make?” or “what’s your net worth?” You might as well have asked them to strip naked! Some of us love money. Some [Continue Reading]
Shift Your Financial Focus: Less Knowledge, More Behavior
Knowledge is important. That is why I regularly study and share information to help you learn how to win with money. But, I have come to realize that financial knowledge is not enough to win with money. It’s not even the most important thing. Instead, your consistent behaviors and choices will determine your success (or failure). You [Continue Reading]
Sir Isaac Newton Proves How to Be an (Un)Intelligent Investor
Sir Isaac Newton was one of the most influential scientists and thinkers of all-time. As a physicist he helped to define the law of gravity and the motions of planets and stars, and as a mathematician he invented calculus. Newton’s discoveries guided other scientists and mathematicians for hundreds of years. As you might imagine, Newton possessed [Continue Reading]
When Will Your Period of Financial Sacrifice Be?
“[E]very person, unless they were born with wealth, must serve a financial sacrifice period if they live a normal lifetime. Furthermore, everyone has the option to either serve that sacrifice period while they are young and healthy or they can wait until they are old and sick.” Jim Napier, Invest in Debt I have some [Continue Reading]
Mini-Retirement: How to Retire Before You’re Ready
When will you retire or reach financial independence? I think most of us would be happy retiring (or having the option) sooner rather than later. The problem, of course, is that even with acceleration strategies it takes time to accumulate enough savings to support ourselves without having to work. Fortunately, there is another way to view [Continue Reading]