Beyond 4%: The Argument For Flexible Spending Rules In Retirement

Beyond 4%: The Argument For Flexible Spending Rules In Retirement

Michael Kitces recently conducted a study of the 4% rule to see if it holds true for longer time horizons. The William Bengen study that the 4% rule is based on didn’t test the 4% withdrawal rate on retirement periods of longer than 33 years. Yet many FIRE retirees may be in retirement for 40-50 years. Does that make the 4% rule too risky? Or, perhaps it’s too conservative?  These are the questions that Kitces’ study set out to answer. And … Read more

Trim Review: Bill Negotiation Without The Hassle

Trim Review: Bill Negotiation Without The Hassle

Tracking your spending and cutting expenses is an important part of every FI journey. But it’s not always easy to stay on top of everything–especially when it comes to canceling unused subscriptions or haggling for a lower bill. With all that you have going on, have you ever wished you had an assistant who handles these things for you? If you have, you might want to consider Trim. But how … Read more

How To Become A Financial Advisor

How To Become A Financial Advisor

After spending a decade in one career, I recently decided it was time to make a change. I wanted to take my love of personal finance and helping people with money and combine them into one job. So I considered all kinds of ideas in the finance field. One of the options I strongly considered was becoming a financial advisor. My father-in-law, Wade Rowdon, has been a financial advisor for … Read more

How To Reach FI On An Average Salary

How To Reach FI On An Average Salary

Have you ever felt like you can’t relate to a lot of the prominent voices or people in the personal finance community? As a young pastor, I have to admit that I often felt this way. When I heard people who were making six figures talk about all the money they were putting into their retirement accounts or their incredible savings rates, I’d start to feel a little frustrated inside … Read more

Longest Lasting Cars On The Road Today

Longest Lasting Cars On The Road Today

When it comes to buying a car, most consumers focus on things like brand, model, color, size, and possibly even eco-friendliness. Of course, here at ChooseFI, we think this tiny factor called price is kind of important too. Which is why we’re big advocates of buying used over new. But there’s another factor that can tend to be overlooked but is critical to getting the most bang for your buck … Read more

Republic Wireless Vs. Other Cheap Cell Phone Plans

cheap cell phone plans

Republic Wireless is a cell service provider that offers cheap cell phone plans. It is one of many such services, which are called mobile virtual network operators (MVNOs). Essentially, this means that these smaller cell phone service companies rent from a major cell service provider the ability to use their network. Because these companies don’t have to invest massive amounts of money in infrastructure and only have to rent the … Read more

11 Things To Do When Starting A Business

11 Things To Do When Starting A Business

Starting your own business, either full time or as a side hustle can be a great way to take control of your income. Not only can it help you reach FI faster,  but you can pare down a full-time business once you reach you reach FI if you want. A side hustle can decrease the amount of income your investments need to provide. Allowing you to “FIRE” sooner. But setting … Read more