The answer to the question is very subjective. It is about how YOU live your life, what expenses do YOU have today and are these the same expenses you want in the future? Some people tighten their budget a lot to be able to save up – but is that the same budget they will live on when they reach “financial independence”? Only there can one begin to count on it. Let me show you
Financial independence is a goal that many of us dream of achieving. It means having the freedom and flexibility to pursue our passions, travel, and spend time with loved ones without the constraints of a traditional 9-5 job. But what does it take to achieve financial independence? Let’s explore the key factors that contribute to financial independence and how you can start working towards this goal.
Financial Independence Retire Early (FIRE) has become a popular goal for many people seeking to achieve financial freedom and flexibility. However, pursuing FIRE can be challenging and requires discipline, patience, and commitment. Here are five common mistakes to avoid when pursuing FIRE
Building wealth and retiring early may seem like a lofty goal, especially if you are on a modest salary. However, it is not impossible. With careful planning, smart investing, and a disciplined approach to your finances, you can achieve financial independence and retire early. Here are some steps that you can take to build wealth and retire early on a modest salary
Financial Independence Retire Early (FIRE) is a popular movement that has gained momentum in recent years. It is based on the idea that by saving and investing aggressively, you can achieve financial independence and retire early. While the concept may seem simple, achieving FIRE requires careful planning and disciplined execution. If you are interested in pursuing FIRE, here are five books that can help you get started
Financial Independence Retire Early (FIRE) is often perceived as a financial goal that is only attainable for the wealthy. This idea, however, couldn’t be further from the truth. FIRE is a concept that can be achieved by anyone, regardless of their income level or background. In this article, we will explore why FIRE is not just for the wealthy and how anyone can achieve financial independence and retire early.
As I’m following a few forums, I see several new investors being terrified when the market falls, and they ask… Read More »What should I do when market falls down? Nasdaq down over 14% YTD!!
We’re going to talk about some of the pros and cons of investing in individual dividend stocks versus dividend ETFs and this really from a perspective of a do-it-yourself investor.
Monitoring the market is a useless waste of time, energy and brainpower. There is no benefit at all, so when the rest of the world was worried about market conspiracies, I looked the other way. There are two reliable ways to enhance your investment portfolio: 1) increase your savings and 2) increase your income.
That is under seven years to reach $100k on your extremely normal compensation. In the event that you get a normal compensation directly out of school (in contrast to me) you’d arrive at 100k per little while before your 30th birthday celebration. That is a ton of mixture – enough to now coordinate your $11k commitments in profit each year and help you to 1,000,000 dollars significantly more rapidly.
One of the books I have read that have influenced my way of thinking about personal finance is the American book “The millionaire next door”, which has helped me figure out how to do it personally. Like many others, I have also asked the question, “How do you become a millionaire?”
I’m 52M married to a 53F with two adult kids (one finished graduate school the other will graduate college in 2022 with no debt). My FIRE number is about 3.5M which I hope to hit by 2027 or sooner.
Yes, Investing 100 a month for long period of time will compound to an incredible saving over time. Read on to see how much 100 a month become over a period of 10, 20, 30 and 60 years.
Definition: Mutual funds are professionally managed investment portfolios that allow investors to pool their money together to invest in something such as Stocks or Bonds.
I always wanted to start my own business. I’m hoping 2021 becomes the year I could start my third source of income, my e-commerce business and I plan on documenting my failures and successes on this blog.
After a year of investing my portfolio write 255,814 HKD on 1st January. Equal 21320 HKD (2749 USD) each month during 2020. 2021 goal is…
Don’t know what stocks are? You are not alone! What does it mean to own shares, where to buy stocks? We explain in Investing for beginners
What is the difference between investment and speculation? The difference between the two you can learn about in this post
Payoff your debt with snowball or avalanche strategy
