5 Questions To Ask Yourself When Deciding To Pursue A Master’s Degree

Should you get a Masters Degree?  The short answer is: it depends. This isn’t the sort of question where sweeping generalizations can be made. I can’t say “Everyone must have an advanced degree!” or, the opposite, “Universities are evil and you may as well light your money on fire!” The fact of the matter is there are lots of reasons why it might be a good idea for you, and plenty … Read more

Get Off The Hamster Wheel And Pay Off Your Student Loans Fast

Get Off The Hamster Wheel And Pay Off Your Student Loans Fast

The Financial Freedom Clock and the Countdown to FI begins once you have paid off your consumer debt. Now for the first time your savings rate is being redirected from debt repayment to buying your “perpetual money making machine” (FI). Sounds so simple, but the sad reality is that paying down that debt has become increasingly difficult. Digging A Hole Our culture has accepted that massive student loans are acceptable … Read more

A Series Of Fortunate Events

I’m having a hard time even remembering when I first found out about the concept of early retirement, which began my journey towards FI.   You could say that I’m second generation FIRE as my parents retired in their mid 50s. By that point, I was already in my working career and I’m proud to say that I was able to work on a financial plan with them and confirm … Read more

The 10 Pillars Of FI

10 Pillars of FI

By now, you’ve all likely heard the Pillars of FI episode where Jonathan and Brad discuss the building blocks of financial independence. For those of you who haven’t–Jonathan sums up the idea of FI nicely: …instead of focusing on buying stuff to make up for my unhappiness, what if I just focused on happiness? What if I made a list of things that actually made me happy?…What we find out … Read more

065 | Meet the Frugalwoods | Achieving FI Through Simple Living

065 _ Frugalwoods meet mrs frugalwoods

Liz from Frugalwoods talks about her blog and book, how she got started with frugality and the amazing benefits it brings. What you’ll hear in today’s show: The origins of the Frugalwoods Liz’s backstory How she found her editor How the blog got started The different expectations she set for herself How she started a new life philosophy The development of her relationships with money Why the ability to save … Read more

Personal Capital Vs. VTSAX: The Battle That Ended Before It Began

Personal Capital Vs. VTSAX: The Battle That Ended Before It Began

“And instead of saying all of your goodbyes, let them know you realize that life goes fast, it’s hard to make the good things last. You realize the sun doesn’t go down, it’s just an illusion caused by the world spinning ’round.” — Wayne Coyne, Do You Realize?, The Flaming Lips, 2002 Musical Interlude … Skip if you must. The Flaming Lips are among my all-time favorite bands. I’ve seen their … Read more

064R | Board Games

064R _ Board games

Brad and Jonathan discuss plans for Chautauqua, board game recommendations and a question from Michael about travel rewards. What you’ll hear on today’s show: Brad’s frugal wins of the week Jonathan’s grocery tracking Warren Buffett’s Annual Report takeaways Future episode teaser on actively managed funds How FI is all about the journey and not the destination Plans for Chautauqua.  Listen to the full episode about Chautauqua here. Message from Sebastian … Read more

My Mom Was An Extreme Frugalist–Here’s What I Learned From Her

I grew up on Long Island (so, in the NYC metro area). I was one of nine children. My parents were a professor (i.e., not paid great) and a stay-at-home mom. So we didn’t have a lot of money. My mom was the spender of money in our house. She handled our small income with what I now know was extreme frugality. Not even $1 per day For instance, in … Read more

A Diploma May Land You A Job, But It Won’t Guarantee Your Success

Obviously, I am a big supporter of the skilled trades as a career path. It is the path I have chosen, even after I spent four years getting a bachelor’s degree in General Business Management. My college education did get me a job working for a fortune 500 company, making around $42k/year. This is somewhere around the average income for the U.S. But in order to achieve the level of wealth … Read more

Planning For Healthcare In Early Retirement

Planning For Healthcare In Early Retirement

If there’s a fly in the early retirement ointment–other than accumulating the portfolio needed to make it happen–it’s planning for healthcare. While you’re an employee, you can take advantage of employer-sponsored health insurance. Since it’s a group plan, and usually subsidized by the employer, it’s less expensive than coverage you can buy on your own. But how do you plan for healthcare in early retirement? And that’s the problem. When … Read more