The Skill of Spending Mr. Money Mustache was recently on Episode 377 of the BiggerPockets Money podcast, and he eloquently described something in a way I had not heard before. He talked about a lot of the fun of pursuing Financial Independence as developing your “skill of spending.” I’ve always
We show you what it takes to use the Roth IRA’s power of tax free growth combined with an investment duration starting in childhood, to secure your child’s financial legacy.
Year End Wins Episode is Live I’m going to keep the newsletter short and sweet this holiday week. I hope you are enjoying some rest and relaxation and time with loved ones! The 6th annual Year End Wins podcast episode came out yesterday, so if you haven’t had a chance to
Optimal Order for Investing Your Money Our good friend Tae Kim from the Financial Tortoise (he’s been on the podcast in Episodes 186 and 302) put out a YouTube video last month that went viral with over 200k+ views called, “Optimal Order for Investing Your Money.” I highly recommend watching
Year-End Tax Planning I’m publishing a podcast episode this Friday with Sean Mullaney, the FI Tax Guy, about 401(k)s, the Mega Backdoor Roth and Premium Tax Credits for the ACA and in a case of great timing, Sean just released his “2022 Year-End Tax Planning” article. The article lists out numerous
You’ve just graduated high school. Maybe you’re preparing for college. Or gearing up for the Marines. Or packing for a trek through the Austrian Alps (take me with you). Wherever you’re headed, whatever you’re planning, one thing is certain – you’re not certain about anything. Because for the first time
Buy Nothing Project My brother and sister-in-law are expecting their first baby and one of the most interesting parts of watching them prepare for the arrival is how much success they’ve had using their local Buy Nothing Project group. They’ve essentially sourced everything they’ll need for the baby through the Buy
Note: For a list of episodes of the ChooseFI Podcast discussing tips and tactics to optimize college costs, click here. Here at Choose FI, we’ve always hated student loans. Not the college education you receive, but the idea that you have to borrow so much money to get the degree.
Twenty Investing Lessons Learned Michael Batnick, co-host of ‘Animal Spirits,’ one of my favorite investing podcasts, released an article I enjoyed called ‘Twenty Lessons Learned’ in response to the recent downturn in the stock market. Here are some of my favorites, but I suggest you click to the article and read
Should you give up stuff, you love to reach FI? The answer to this question is as simple as it is ambiguous–“well, yes you do, and also no you don’t.” If you’re on the FI path and you’re wondering if it’s okay to still have two cars, hire a nanny,
Travel Rewards Updates Our team worked hard to update and streamline the free travel rewards course on the ChooseFI website and now it’s available as a series of 6 blog posts (instead of a 20-part email series) you can digest quickly and easily to get started maximizing travel rewards. Get started
Savings Rate is the most important factor to determine how long it’ll take you to reach financial independence. The higher your savings rate, the faster your path to Financial Independence. Find out everything you need to know about savings rates and how to calculate your personal savings rate.
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