Every month, I write an article that shows my passive income and my growth toward my life goals. The end of March and the beginning of April have flown by me. It seems like every day I get some new task that eats up a day of my life. For example, my son lost a lens of his glasses while we were traveling. His backup pair got cleaned up somehow, so tracking down a company […]

I’m back on the BiggerPockets Money podcast this week with Mindy! So exciting! For me at least. I enjoy podcasting and look forward to recording more when the F.O.O.L.I.S.H. Project is over. What FIRE People Won’t Tell You Being financially independent is a truly stunning and incredible circumstance. It gives you autonomy: You love your […] The post What FIRE People Won’t Tell You appeared first on 1500 Days to Freedom.

Save, invest, prosper with My Own Advisor. How much do you need to spend $100,000 per year in retirement? They say a million dollars ain’t what it used to be. Which is entirely true if you want to spend $100,000 per year in retirement.  Today’s post unpacks that spending desire for a couple aged 55 years old this summer, seeking to retire… Join the million dollar portfolio journey. The article How much do you need […]

Welcome back to another monthly update from Root of Good! We’ve been at home in Raleigh for a bit over a week after a busy few weeks exploring the Mediterranean Sea aboard the Sun Princess cruise ship. We set sail from Barcelona and visited a dozen ports of call spread across half a dozen different countries. We’ll have another week at home before we hop back on a jet to Europe for our next cruise […]

If you’re collecting KrisFlyer miles through credit cards, you’ve probably seen Kris+ mentioned on miles blogs, SQ emails, and promo banners. I’ve had the app installed since 2018. Touched it maybe twice. I figured it was time to look into whether Kris+ adds anything for someone like me, someone already earning miles through a 3-card […] The post Kris+ App For Miles Collectors: How I Use It appeared first on Turtle Investor.

Mr. Money Mustache (MMM) might be the “Paul the Apostle” of the financial independence / FIRE movement, a relentless missionary spreading the Lord’s word far and wide. If MMM hasn’t converted more people to FIRE than anyone else, he’s got to be near the top of the list. Perhaps his most famous sermon is The Shockingly Simple Math Behind Early Retirement. I can attest – it steered me down a path that led me to where I am today. Hallelujah. MMM is great. Thank you, MMM. But with an audience of…millions?…there is a big responsibility to share accurate advice. But, lest I blaspheme, I think his recent work is dead wrong. False Profit MMM recently wrote a post called, The Shockingly Simple Math Behind Social Security. While the article has a few different subtle points, the main thrust is that taking Social Security at age 62 is better than at any other age because, in short, stock index funds grow faster than Social Security benefit increases. …Am I really telling you that it’s actually less valuable to work longer so you can get the higher [Social Security] benefits? The answer is yes, for people who understand the concepts of “investing” and “the time value of money. To really understand this, just imagine what would happen if you started taking those payments as early as possible (age 62) and tossed them into an index fund, earning 6% after inflation on average. After the first year, you’d already have about $24,300 and you’d still be piling in that extra two grand per month and the whole snowball would be starting to compound.  By the time your more patient friends started drawing $2796 payments five years later, you’d already have over $137,000. It’s such a big lead that the 67-year-old will never catch up. MMM is but the latest victim of a fatal logical flaw in Social Security analysis. “They Repeat Their Folly” In MMM’s defense, he’s far from the first and won’t be the last person to make this mistake. What mistake? The discount rate. Discount rates help us compare present values to future values (or past values). Warren Buffett would say that discount rates started with Aesop – a bird in the hand is worth two in the bush. MMM’s discount rate is flawed. It’s that line where he says, “…earning 6% after inflation on average.” He’s actually using ~9%, because the 6% is inflation-adjusted (6% + 3% for inflation = 9% nominal index fund returns). “But Jesse! Stock index funds DO earn something like 9% per year over long periods of time!” That’s correct. But it’s incorrect to use that as your discount rate here. Why? Because when choosing a discount rate, it’s important to match the risk of the cash flows. In simple terms, that means our discount rate must reflect the “risk” built into Social Security. A common phrase in discount rate discussions is

Tell me if this sounds familiar. You finish a full day of patients, you’ve got a clinical question in the back of your mind, and you know you should look it up. So you open PubMed. You get 300 results. You skim three abstracts, get pulled in two directions, and close the tab. You’ll get back to it later. Later never comes. I’ve been there more times than I can count. And honestly, the problem […]

Come contattare l’assistenza di Trade Republic? È veramente così difficile? Vale la pena aprire un nuovo conto o meglio evitare? In questa analisi andremo a rispondere a tutte queste domande un po’ “scomode”. Iniziamo col capire come è gestita l’assistenza di Trade Republic. Prima però vediamo alcuni riferimenti nel caso tu abbia bisogno di contattare l’assistenza di Trade Republic: Numero di telefono: +49 322 13232813 (solo per bloccare carta in caso di smarrimento carta o […]