Investing
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Spend Money Based on Your Wealth Not Your Income
Instead of spending money based on your income, spend money in line with your wealth. Income is temporary, even for high earners. Wealth is your foundation.
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How Does Your Net Worth Compare to People Your Age?
By studying the net worth of people your age, including the Top 1%, you can learn if you’re on the right track or if you need to make adjustments.
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Did You Win the $1.787 Billion Powerball Jackpot!?
Didn’t win the jackpot? You should still take this chance to think about what you would do with a major windfall so you’re prepared when the time comes.
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Financial Independence is Not About a Life of Deprivation
There is way more to financial independence than cutting costs and living frugally. I view FI as creating options to get more of what I want in life, not less.
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How to Use Two Simple Metrics to Compare Investments
With these two simple metrics, you can compare investments across asset classes to help you determine the best way to put your hard-earned money to work.
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How to Think About Investing in Both RE and the Stock Market
Real estate is my favorite asset class, but I still regularly invest in stocks. Each asset class is a way to create Parachute Money to protect my family.
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How to Gain Confidence by Calculating Your Coast FIRE Number
Gain confidence in your progress towards retirement by calculating your Coast FIRE number. You may be pleasantly surprised by this powerful money mindset hack.
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Shrink Your Magic Retirement Number With One Rental Property
Adding just one rental property to your investment portfolio can massively shrink your magic retirement number and accelerate your journey to financial freedom.
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Is the 4% Rule Actually More Like the 4.7% Rule?
Bill Bengen, creator of the 4% Rule, just released a new book with some fun news: it’s safe to increase your withdrawal rate in retirement from 4% to 4.7%.
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Money on My Mind: Read The Simple Path to Wealth
The Simple Path to Wealth by JL Collins is the best book I’ve read on investing. Collins teaches us the simplest and most effective way to earn massive wealth.
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How to Prioritize Investment Account Types While in Debt
How to prioritize investment account types, especially if you’re paying off debt, is another tricky money question. Here’s exactly what I would do.
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How to Think About Investing for Retirement and College
Choosing between investing for retirement or college is tough. While the decision can be emotional, using simple math can help you strike the right balance.
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Money on My Mind: Bears, Net Worth and Exercise
On my journey to financial freedom, I’m consistently striving to learn as much as I can from other bloggers and writers who have done it before me.
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How to Think About Investing While in Debt
Whether to invest while in debt is a tricky question. I like to do both for these reasons, using 75% of my available funds for debt and 25% for investments.
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Why Target Date Funds: The Easy Way to Invest
The easiest option can also be the best option. That’s why I invest with target date funds. My portfolio is diversified and automatically rebalances over time.
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7 Things I Love About Index Funds
My 7 reasons I love index funds range from the low costs and automatic diversification to the minimal mental effort required to generate long-term wealth.
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My 4 Favorite Investment Accounts for Long-term Wealth
My 4 favorite investment accounts maximize tax benefits and match my evolving priorities, which gives me a better chance of reaching financial freedom.
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What is Your Magic Retirement Number?
Using the 4% Rule, you can easily calculate your magic retirement number and determine if you need to make any changes to your current spending and savings.
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2 Easy Steps to Start Investing for Long-Term Wealth
If you’ve ever been nervous about how to start investing, don’t worry. There are only two steps: 1. Open an account. 2. Pick your investments. It’s that easy.
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Learn the Complicated Language to Make Investing Easy
Investing can seem intimidating when you hear phrases like “asset allocation.” Once you learn the language, you’ll realize investing is actually not that hard.
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How Much Money a 1% Advisor Fee Really Costs
One of the few things we can control when we invest is what we choose to pay in fees. Lets’s look at what a fee of only 1% can do to your long term gains.
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Why Successful Investing is Playing Offense and Defense
Investing is about playing offense and defense. Investing to do fun things later on is playing offense. Investing to counteract inflation is playing defense.
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Risk is the Cost to Invest
Risk is the cost to invest. Look at the different outcomes for 2 pretend friends: one was afraid to invest and the other was comfortable with reasonable risk.
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Invest Early and Often for the Magic of Compound Interest
Forget the old Chicago slogan, “Vote early and often.” Instead, I prefer, “Invest early and often” to take advantage of the power of compound interest.
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Investing is Actually the Easy Part
On the journey to financial independence, investing is actually the easy part. The hard part is consistently generating money to invest in the first place.
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How to Set $93,000 on Fire
Even if you work with an advisor, you need to learn the basics of investing. It’s your future. I lost out on $93,000 by failing to educate myself.
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Money Questions: Markets in Free Fall
When markets are in free fall, it’s important to talk to your people for support. Since time is on my side, I’m holding steady with my investments.
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529 Plans for Sky High College Costs
529 plans are a great way to save for college because of the potential triple tax benefits. Learn how to estimate how much to save today to pay for college.
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How to Get Better Results with a Higher Saving Rate
Get ahead in life by making more money, and spending about the same. Learn how to measure your personal finance progress by tracking your saving rate.
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Why You Need to Track Your Net Worth Every Month
Learn how to track your net worth in less than 30 minutes each month. This is the easiest way to measure your progress towards financial independence.
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Why You Need to Fuel Your Savings
Actively saving money is the first step towards financial independence. Without adequate savings, you risk losing all you have worked for.