The Power of In Person Meetups I just returned from the FinCon conference full of energy and ideas for how to add value to the ChooseFI Community. It never ceases to amaze me how much value I get from meeting up with fellow FI enthusiasts and this was no exception. This is a perfect time …
Deep Dive on Social Security Benefits I’ve received a lot of emails recently asking for more in-depth info about social security benefits, so I wanted to highlight an email I received from one of our community members: Here’s what Matt sent in: “I went down a rabbit hole and learned how to more accurately estimate …
10 Financial Rules You Need to Know You may remember my good friend Clint Murphy from ChooseFI Episode 438; simply put, he’s creating world-class content at the intersection of psychology and Financial Independence and he’s one of my favorite follows on Twitter. His recent post on the 10 Financial Rules You Need to Know is …
Quarter 3 Net Worth Statement Every 3 months I take 5 minutes to update my net worth spreadsheet and I think this is the most important thing you can do to track your finances. The 3rd quarter of 2023 just ended and here’s your reminder to update your net worth spreadsheet. If you haven’t done …
Positive and Negative Energy Audit It’s rare that I find something so good that I paste it here in its entirety, but I found this exercise on Twitter from Tim Ferriss and I think every one of us needs to implement this for a better life starting today: 1. Grab a notepad and create two …
Continue reading “September 26, 2023: Internal Energy Audit, Wisdom from Munger, Daily Routines”
Case Study: Redeeming Rewards Points for NYC I recently took my daughter Molly to NYC for the first time and we booked two great travel rewards redemptions I wanted to pass along. Flights: British Airways is a transfer partner of all the major transferable currencies, so their ‘Avios’ miles are easy to come by. Little …
Salary Negotiation and FI The Financial Mechanic joined us in Episode 454 to update her 7 Step framework to negotiate your salary and other benefits. Listening to this episode is one of the most important things you can do this week – it’s that valuable. Here are some highlights: Appreciating the Full Value of Your …
Continue reading “September 12, 2023: Salary Negotiation, Full Value of Money, Time Savers”
2023 Gift Tax Exclusion The 2023 gift tax exclusion is $17,000. This means you can gift anyone $17,000 and: This $17k exclusion is per recipient and for each person gifting, so let’s say you’re married and you have two children. You and your spouse each can give $17k to each of your children this year, …
Continue reading “September 5, 2023: Gift Tax, Time Savers, Credit as Debit, Food Stamps to FI”
Time Saving Tools From the Community Last week I asked you to write in with time saving tips and tools and wow, did we get an amazing response! Over the course of the next few months, I’m going to share many of these gems: One of the most interesting ones came from Lina: As a …
Crowdsourcing Time Saving Tools A few weeks ago, we talked about “money rules” that Ramit Sethi made up for his own life and that prompted Sean to write in with the following ask of you, the community, to come through with a crowdsourced list: “The money rules that talk about time saving made want me …
Continue reading “August 22, 2023: Time Saving Tools, Mini-Retirements, Decluttering Benefits”
Negotiate Your Salary One of the enduring lessons from our podcast is this: “Everything is negotiable.” I was reminded of this essential lesson by the Financial Mechanic, who I just recorded an episode with that will come out in early September. She gives us an update on her ‘7 Negotiation Tips and Scripts’ for salary …
I Bonds: Best Time to Sell? Sean Mullaney and I discussed ‘I Bonds’ on Episode 447 and just after we published that episode I came across this short, but amazingly thorough article from the Doctor of Credit website called ‘When to Sell off Our I Bonds’ thanks to a post in our ChooseFI Facebook group. …
Continue reading “August 8, 2023: When to Sell I Bonds, Cap Gains Tax 101, Nature in 20 Minutes”
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