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Today's Financial Independence Articles
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Understanding how much liquid net worth you have on hand is a huge part of starting your journey towards FIRE. However, it’s not exactly as cut and dry as adding up all the money in your bank accounts. You need to consider things like your liquid net worth and your total net worth and make … Liquid Net Worth: How To Track Your Financial Freedom Read More » The post Liquid Net Worth: How To […]

Financial independence is a great financial goal to pursue. As we try to save more and increase our income, where does giving back fit in? It seems counterintuitive to give away money when the goal is to save as much as possible.  A recent study by the Indiana University Lilly Family School of Philanthropy predicted an increase in charitable giving in 2020 and 2021, although this was all before our current world crisis. As the […]

Extreme frugality is not sustainable and most people who try to achieve financial independence using frugality and willpower alone will fail. Especially if your time-frame is 15-25 years, rather than the common media coverage of those who reached financial independence (FI) in 5-10 years (in a bull market). Finding a formula for achieving financial freedom  on a regular income, whilst enjoying life is a serious challenge and raises the following questions: Will it require discipline […]

I have a plan. I mapped it out a few years ago and I’ve been sticking to it— save $1,200,000 by the age of 32. It is a cautious plan that assumes I could double my expenses in retirement. It even has a buffer of $200,000 for just-in-case scenarios. Yet recently I’ve been wondering if this […] The post I Could Retire Next Year At The Age of 28— But I Won’t. appeared first on Financial […]

Most people pursuing FIRE are engineers of some sort. I’m not an exception. Many people “unable” to start pursuing FIRE “accuse” engineers of being able to pursue FIRE because of their “high paying” careers. Maximizing one’s income for sure speeds up the process, but achieving Financial Independence is a function of saving more than it is of anything else. However, I don’t want to repeatedly get into the ancient proven theory that saving beats earning […]

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Middle class income earners can reach financial independence by consistently saving money and through buying income generating assets. I will start by telling you that I have not reached full-financial independence yet.  But it’s in the process. I have been able to achieve the exact lifestyle I desired by 34 (remote part-time work + part-time … The post How to reach Financial Independence on a Middle Class Income appeared first on REVERSE THE CRUSH.

Reading Time: 4 Minutes Howdy boys and girls, we’ve got another special guest today on the interview series. It’s the Aussie Firebug! You might have heard of him already, but he runs a very popular podcast and blog over at aussiefirebug.com AFB from Aussie Firebug Without ado… How AFB! How old are you and Mrs FB? 30 and Mrs FB is 28. Do you have kids? Not yet 😉 What area of the country do […]

Financial Independence – Retire Early (FIRE) is a movement that strives to redefine how people look at personal finances and their working careers. The acronym is very self-explanatory, it is a community of people that are looking to become Financially Independent, which will give them the option to Retire Early. Like many viral communities, it very much started in the US and is slowly expanding worldwide, becoming more prominent in the UK and Australia. It […]

How Much Money Do I Need to Retire? explains the fundamentally flawed logic that most people base their retirement assumptions on. After taking a deep dive into the dangerous assumptions that the traditional retirement planning model suggests, Tresidder explores alternative solutions. Throughout the book, Tresidder encourages you to play with your own numbers to build out the amount of money you may need to retire. With access to helpful worksheets, you can take a hands-on approach […]

Earlier this year, 2020, we ran all the numbers to becoming financially independent and being able to quit the corporate job. The outline of the plan required the following aggressive goals being met: 2020: buy two additional rental properties cash-on-cash flowing 13% or higher 2021: repeat goals of 2020 2022: buy one more cash flowing property and then put rental cash flow towards paying off our primary residence mortgage 2023-2024: finish paying off primary residence […]

Barista FIRE is a way to retire early + have more time now, but it’s not full retirement. To support yourself financially, you work parttime. Have you ever wondered why a person would have the audacity to pursue Barista FIRE? I mean, why would anyone want to accept a part-time job over a full-time job? … The post Why Pursue Barista FIRE? appeared first on REVERSE THE CRUSH.

Like many people, I was once chained to money and let it control me. I even refused to look at my student loan balance. I had no idea how to be financially free or even what that meant. I discovered financial independence thanks to my partner who was binging FI podcasts. I still wasn’t totally sold on the idea, and that’s because financial freedom seemed so far out of reach. What did appeal to me […]

Like many people, I was once chained to money and let it control me. I even refused to look at my student loan balance. I had no idea how to be financially free or even what that meant. I discovered financial independence thanks to my partner who was binging FI podcasts. I still wasn’t totally sold on the idea, and that’s because financial freedom seemed so far out of reach. What did appeal to me […]