I’ve never climbed extreme mountains. The idea of risking hypothermia, frostbite, and deadly falls never appealed to me. But I do love the outdoors, hiking, and ascending less risky peaks. And I love comparing the climb towards financial independence to the thrill of climbing a real mountain. But there’s a problem comparing financial climbs to real climbs. [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]
The True Cost of Regular Expenses: The Rules of 752 & 173
The concept of reaching financial independence where passive income fully supports your lifestyle is fairly simple in theory. Essentially you just increase your income, cut your expenses, and maximize your savings rate (see my article “Simple Math, Early Retirement“). But, as we all know and as I shared in “Destination Financial Independence,” simple concepts like losing weight, exercising, and [Continue Reading]