Free Real Estate Investment Analysis Tool Our friends Ali & Josh from The FI Couple (Episode 430) created a free real estate deal analysis tool that I wanted to pass along here in the newsletter as I’ve been really impressed with them generally and I’m certain this will be quite valuable if you’re looking to …
Continue reading “May 23, 2023: Real Estate Analysis Tool, Actions Taken on Insurance”
Student Loan Forgiveness Update When we had Travis Hornsby from The Student Loan Planner on the podcast in August 2022, literally hundreds of members of the ChooseFI community took action to have their student loans forgiven. Travis was back on the show yesterday in Episode 437 of the ChooseFI podcast and the update is there …
Continue reading “May 16, 2023: Student Loan Forgiveness, Lower Insurance Premiums, Roth IRA Timing”
Financial Advice for Your 28-Year-Old Self Alicia posed an interesting question in our Facebook group this week (and wow, the group recently grew to over 100,000 members!!) that I wanted to include here in the FI Weekly, along with some of my favorite responses: Alicia asked, “If you could go back and tell your 28 year old …
Rethinking the Value I love it when a money concept is presented in a way that really hits home. An example is how we show that cutting $100 out of your monthly expenses equals $30,000 less you need in your net worth to reach financial independence. Cody Garrett from Measure Twice Money published a post on Twitter …
Continue reading “May 2, 2023: Rethinking the Value, Cash Back Rewards, A Challenge Completed”
How to Access Retirement Funds Before 59.5 Allen Mueller, a longtime member of the ChooseFI community and a fee-only financial planner, posted something interesting on Twitter yesterday that is fundamental FI knowledge, but I fear most of us aren’t familiar with each of these options: “It’s MISCONCEPTION MONDAY! “Your 401(k) money is locked up until age 59.5” …
Continue reading “April 25, 2023: Access Retirement Funds Before 59.5, Exercise for Longevity”
Expressing Gratitude Susanna responded to last week’s newsletter with a story that I wanted to share with you, as it highlights the power of FI and is a reminder to thank those people in your life who have made an impact on you. Here it is in Susanna’s words: “I learned about the FIRE movement …
Travel Rewards for a Spring Break Win Our family just got back from an amazing spring break trip to the Bahamas, and it was a case study in how beneficial using travel rewards can be, both in the big obvious ways, but also in more subtle ways that add dramatically to the experience. The obvious …
Continue reading “April 11, 2023: Travel Rewards Wins, Exercise for Longevity, Book Anniversary”
Inexpensive College Credit Options My older daughter is in high school and we recently met with her counselor to discuss course options for her next few years and in that discussion, the concept of ‘dual enrollment’ came up as an option for her. Dual enrollment allows current high school students to take college level courses, …
AI Revolution Happening Now Part of what makes the FI Community special is we realize the world is constantly changing and in order to make the best decisions going forward, we need to understand those changes and the ‘rules of the game’ of life. We see this in our finances with traditionally unheard of concepts …
Continue reading “March 28, 2023: AI Revolution, Millionaire Next Door”
FI Hobbies and Activities I published a fun podcast episode yesterday with my friend Chris Terrell where we talked about some fun, frugal FI hobbies including board games (oh, how we love board games!) and pickleball. If you’re someone who doesn’t think of themselves as a board game fan, I want to challenge you to …
Continue reading “March 21, 2023: FI Hobbies, Unexpected Fun, Things Important and Unimportant”
FDIC Insurance Limits Silicon Valley Bank, the 16th largest bank in the US, nearly went out of business this past week when there was essentially a run on the bank. Depositors rushed to get their money out, and it caused a liquidity crisis. At the time I am writing this, a solution is being floated and …
Continue reading “March 14, 2023: FDIC Insurance Limits, New Podcasts (and Quotes)”
11 Simple Rules for a Wealthy Life I revisited an article I wrote nearly a decade ago called ‘A Lifetime of Financial Advice in Your Wallet’ on my original site Richmond Savers (that site’s claim to fame was the ‘Step-by-Step Guide to Disney World using Rewards Points’ article that we’ve since updated on ChooseFI). Though maybe …
Our community helps people discover and accelerate their path to Financial Independence with the goal of earning more, spending less, and enjoying the journey.