I am part of a generation of people who grew up with certain fads, trends and slang that—back in the day—seemed timely. Each generation develops its own fads that sometimes look silly when we remember that era. Heck, I remember begging my mother to let me get bell-bottoms jeans, since they were what all the […]
7 Steps to FI & Retirement
Step 7: Retirement
This article is the final in a series of seven that will discuss our approach to reaching financial independence and determining key criteria for success. If you have not already read the sixth step about becoming financially independent, please take a minute to visit that post. This article will discuss how to determine when you […]
Step 6: Achieve Financial Independence
This article is the sixth in a series of seven that discuss our approach to reaching financial independence, and determining key criteria for success. If you have not already read the fifth step, about becoming debt free and celebrating freedom, please take a minute to visit that post. This article will discuss how to determine when […]
Step 5: Become Debt-free and Celebrate Freedom
This article is the fifth in a series of seven that will discuss our approach to reaching financial independence, and determining key criteria for success. If you have not already read the fourth step regarding test-driving with one less income, please take a minute to visit that post. This article will discuss reasons for becoming […]
Step 4: Test drive living on less income
This article is the fourth in a series of seven that will discuss our approach to reaching financial independence, and determining key criteria for success. If you have not already read the third step covering replacement costs, please take a minute to visit that post. This article will discuss the reasons you should test-drive living […]
Step 3: Take Into Account Replacement Costs for Big-ticket Items
This article is the third in a series of seven that will discuss our approach to reaching financial independence, and determining key criteria for success. If you have not already read the second step covering passive income, please take a minute to visit that post. This article will discuss why you should calculate replacement and […]
Step 2: Create a Passive Income Stream
This article is the second in a series of seven that will discuss what it takes to reach financial independence. If you have not already read the first step, which covers budgeting, please take a minute to visit that post. This article will outline why you should create a passive income stream. When I first […]
Step 1: Budget for Financial Independence
In books on personal finance, the chapters are typically organized in a fashion that takes an overarching, holistic approach to the financial aspects of your life. The authors describe how each concept—determining your net worth, creating a budget, having insurance, planning for taxes, creating a will, and the hundred other things we should be doing—relates […]