Our journey to Financial Independence
Chris Mamula (Can I Retire Yet?), Brad Barrett (ChooseFI), and Jonathan Mendonsa (ChooseFI) wrote the book together. The primary author of the book is Chris. He quotes Brad and Jonathan throughout the book driving home different points. They use material from the Choose FI podcast hosted by Brad and Jonathan. In the intro Chris shares … Read more
This post begins where many great important things do, the heart… I love my kids. My daughter is 10 and son is 8 (the events of this post were 2 years ago). I want to engage them in financial planning conversations and action. I want to bring loved ones along with me without overwhelming them. … Read more
Why should you have an Investor Policy Statement? Life is full of variables. These variables force us to react. The decisions we make today have a dramatic effect on our outcomes over time. Plan your reaction before facing a new situation When should you create an Investor Policy Statement? When you start investing If you’re … Read more
The Covid year (2020) brought us many new terms; one is stimulus. Middle and lower-class America (singles earning under 75k and married couples under 150k for the stimulus payments) were given money last year. The purpose of the tax-free gift from the government was to stimulate the economy by propping up consumer spending when many … Read more
This post details another learning opportunity for investors. Learn from my mistakes, so you don’t repeat them. It was late Summer 2020. We were several months into the Covid-19 pandemic and as I reviewed fund performance for the year, I couldn’t help but notice the wide disparity of returns between asset classes in the US … Read more
The introduction laid out the book’s premise well – personal money experiences form your opinions and actions with it. A few scenarios highlighted by the author clarified something for me. Housel detailed experiences such as those who lived during the Great Depression – losing it all in the stock market. Contrasted with those raised in … Read more
I was nudged towards the FIRE movement by a co-worker and then dove down the rabbit hole. My first content consumption was MadFientist and Mr. Money Moustache. During a work trip to Georgia the obsession began with the MMM blog and MadFientist podcast. I clearly remember walking the airport terminal listening to the podcast and … Read more
When have you “arrived” as an investor? How do you answer that question? Now that we have reached year-end, I recall the wild ride of 2020. Great January and February following a phenomenal 2019 (33% S&P return that year). And then, Covid-19. I recently saw a funny meme: 2020 year in review: “January, February, COVID-19, … Read more
How did it begin? A co-worker nudged me into the FIRE movement and I dove down the rabbit hole, landing on MadFientist and Mr. Money Moustache. During a work trip my interest in FIRE, caught fire. I remember walking airport terminals listening to podcasts. Then reading Mr. Money Moustache blog posts for hours at my … Read more