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Photo by Martin Sanchez on Unsplash The stock market is in free fall! Biggest fall in one day! Then … biggest rise in one day! Only back to … stock market lost all its gains yesterday! We are in bear market territory! We will be in recession! And on, it goes. For the last two to three weeks in Australia. Is my first thought – oh, will I still be able to retire at 55? […]

Everyone wants to have a good retirement. But you can’t expect to have a comfortable retirement without putting in some legwork ahead of time. There’s a wide variety of things you need to consider in order to get ready for your golden years. Here are six things you need to do to prep for retirement. Determine What Your Retirement will Look Like Many people just assume that retirement is all about playing golf and relaxing […]

As the Covid-19 pandemic has spread around the globe, the equity markets have seen steep declines and even greater volatility. The over 30% decline in the S&P500 index has prompted questions around the viability of a FIRE portfolio.

What if we told you a 9-5 grind till you’re 65 doesn’t need to be your reality? The FIRE movement is about careful money management so you can leave the workforce early. Imagine ditching the life-sucking commute and endless unproductive meetings ten to thirty years sooner than expected. That’s what the FIRE movement can offer. … The FIRE Movement: How to Unlock Freedom and Flexibility Read More » The post The FIRE Movement: How to […]

Are you looking for a safe retirement? In these uncertain times, the best plan is to have multiple income streams. For the first time in 11+ years the stock market has fallen fast. (It’s recovered over the last few days, but I feel it is temporary.) The last time the market had this kind of drop it was 2008. While there was a concept of FIRE in the personal finance community, the acronym of Financially […]

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Possible for the average Singaporean to achieve? The Full Retirement Sum (FRS) in 2020 is at S$181,000. This means that if you hit Age 55 in 2020, this is the amount you NEED to set aside in your CPF account to contribute to CPF LIFE when you hit Age 65. As most Singaporeans would already […]

When I started writing about achieving financial independence in 2009, there wasn’t a lot of hoopla. We had people mainly discussing how they built large enough investment portfolios that spit out enough income to sustain their early retirement lifestyles. There was a thorough discussion and analysis of these investment portfolios. Sure, there were some interesting Read More… The post FIRE Confessionals: How A Bear Market Has Impacted The Financial Independence Movement appeared first on Financial […]

If you read our last post by Alex, you would have seen that we recently went on holidays to New Zealand (and managed to do it under budget – yay!). This holiday was a big thing for us. Firstly, as a couple this was our first time on a “proper-proper” holiday together. While we’d travelled domestically before, we’d never gone overseas together. Secondly, we used this holiday as a financial and experiential dry run for […]

While I covered this topic in depth in The Snowman’s Guide to Personal Finance, I wanted to provide a new analogy to help people navigate the question. If you have 20 minutes I’d encourage you to check out the two chapters that covered the Registered Retirement Savings Plan (RRSP) and Tax-Free Savings Account (TFSA) for a full overview and trade-off discussion. If you’d like a faster read with a simple analogy, please continue below. Going […]

At the time I’m writing this blog post, the coronavirus Corona Fires has caused massive damage and disruption across the globe. It’s turning worlds upside down everywhere. Uncertainty reigns, and the long bull run that America’s stock market was on has come to a swift and grisly end. Pain points Logic — or at least history — tells us that eventually things will return to “normal.” But no one knows when. Nor does anyone know […]

Save, invest, prosper with My Own Advisor. Is there power in postponing retirement? Over the years of running this blog, I’ve had the good fortune to meet and speak with a number of very bright minds in the personal finance and investing space. One subject that often comes up with these experts is the subject of retirement. If you’ve done any thinking… Join the million dollar portfolio journey. The article Is there power in postponing […]

Nothing is more welcome than a good laugh while social distancing and sheltering in place during a pandemic. I especially love to laugh at morons who go out of their way to influence folks to do corrupt, reckless, or even dangerous things so they gain from their demise. A bunch of “do as I say … Continue reading Sacrifice And Return To Work To Save The Country? This Old FIRE Fart Refuses → The post […]

We’re in an unprecedented moment in history, with people staying home, businesses closed, stock markets going for a wild ride, and most of all, fear for our lives as the coronavirus pandemic worsens. What does all of this mean for the FIRE movement? What does it mean for you? Read on.