PinnedMember-onlyPerpetually Financially Dependent People (Often) Suffer from These Seven Bad HabitsFinancial Freedom is Found When You Focus on What Matters If financial independence is financial freedom, financial dependence is the opposite. Some people can’t execute on the right strategy even if they know it’s right because something or someone is holding them back. At the age of 23 or 24, I had an interesting conversation with a financial planner that…Financial Freedom5 min read
PinnedMember-only10 Reasons Your Traditional Financial Advisor Most Likely Doesn’t Have Your Best Interests…10 Reasons Your Traditional Financial Advisor Most Likely Doesn’t Have Your Best Interests in Mind Like an overprotective parent, they will keep you from taking risks to make real money (over single digit returns).They might have a CFA designation that they won’t be willing to risk if things go south …Financial Planning4 min read
Published in Why the FIRE Movement Probably Won’t Make You Financially Free. Here’s What Just Might·PinnedMember-onlyHow to Really Save 9% of Your Annual Income in 9 MonthsSo you want financial freedom? Or maybe just to save up an emergency fund or some cash in a challenging high inflation environment. Spending less than you earn is always the first step but it is by no means the only one. Maybe you are living paycheck to paycheck and…Finance3 min read
2 days agoMember-onlyWhy Trading Crypto Is more Lucrative than Almost Anything Else but Yyou Probably Shouldn’t do…Why Trading Crypto Is More Lucrative than Almost Anything Else.. BUT You Probably Shoudn’t…Unless Upside It’s a new (ish thing) and the upside far exceeds the downside You can do well in a short period of time or a long period or both (it’s completely reasonable to double your money…Financial Dependence2 min read
Aug 7Member-onlyFinancial Independence, Retire Never?Financial Independence, Retire Never? FIRN? (not quite as sexy as FIRE is it). I might need your help with a better acronym. But many people never want to retire and that’s a wonderful thing. In fact the whole concept of retirement is really more of a stressor than anything else…Money Mindset1 min read
Aug 7Member-onlyIs Now the Time for Crypto?To invest in Crypto I am looking for: a) bitcoin is at least 50% off it’s highs b) That’s it. It’s not complicated. I believe bitcoin and ethereum are here to stay without question for the next five years. There’s a small risk that the eth 2.0 proof of stake…Personal Finance2 min read
Aug 7Member-onlyHow to Happily Escape Like a Magician from Debt Jail!Step 1: Realize it’s possible! Step 2: Start investing not just paying off loans (see my other articles for more details on this). Step 3: Pick something small in your budget each month to start with. Tackle your pesky over-indulgence on eating out but matching what you spend with equal…Financial Dependence2 min read
Aug 6Member-onlyHow to Become Financially Free in 5 years — it’s as Easy as Putting Half and Half in Your Coffee!Well almost as easy… Here’s the comparison. You match all of your outstanding debts (credit card debt, student debt, mortgage debt with investments) Now you have you half debt, half investments. Half defense, half offense. Half ying, half yang. You get the idea. So in 5 to ten years, if…Financial Dependence2 min read
Aug 5Member-onlyAlphabet Soup Quick Tips (Y,Z)We made it to the end of the alphabet! Y: Why the alphabet? Why Soup? Because every letter is a challenge and there are at least 26 steps to financial independence, and they are all a part of the same soup. Let that sink in for a second. I have…Financial Dependence1 min read
Aug 5Member-onlyAlphabet Soup Quick Tips (W,X)When is being irrational actually the MOST rational thing? W: Tell me what you want, what you really really want… So you want to be financial free? Maybe but what do you want most? Whatever that is, you will consciously or unconsciously work towards it. I am not much for…Financial Dependence1 min read