On Sale Now! Why Does The Stock Market Go Up? by Brian Feroldi

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Explore the archives

FI Weekly – February 15, 2022: Financial Tracking Spreadsheets, A Life Well Lived

Financial Tracking Spreadsheets In early January I wrote that we all should do an annual financial audit to have a sense of where we are with our personal finances, both in terms of net worth (assets & liabilities) and your income statement (income & expenses). However, at that time I wasn’t able to provide spreadsheets that could be used to make the exercise dramatically easier for you. Luckily our good friend Brian Feroldi reached out with his financial spreadsheet templates that are available for you to download completely for free. This is a good time to remind you that Brian’s book,

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FI Weekly – February 8, 2022: What is Coast FI?, Assuming Good Intentions

What is Coast FI? In trying to make the concept of Financial Independence relatable, I often look for those ‘eye opener’ moments for people, and the concept that I was initially surprised resonates so deeply is what’s known as ‘Coast FI.’ But upon further reflection, it shouldn’t be surprising at all. Because Coast FI is both intuitive and a really powerful concept. You’ve reached Coast FI when your investable assets are large enough where they will grow to your ultimate FI Number by your intended retirement age (either early or a more traditional date – your choice of timeline of

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FI Weekly – February 1, 2022: Negotiating Salary, Excel & Google Sheets Hacks, Inflation and FI

Negotiating Your Salary One of the most pleasant surprises from our run of 500+ ChooseFI podcast episodes is how many people have listened to Episode 147 with Tori Dunlap and Episode 211 with Financial Mechanic and taken action to negotiate their salaries to great success. I try to include as many of these as I can in the weekly ‘taking action’ section below because they are inspiring to me personally since this was always something I didn’t have the guts to do in my corporate career. I simply accepted the pitiful 3% raises I received, and it led to a lot of

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FI Weekly – January 25, 2022: Markets Dropping, Lower Cost Medical Care, FI Number Calc

Markets Dropping As I’m writing this newsletter Monday morning, the S&P 500 is down 2.3% from the prior close, which brings the year to date drop to over 12% in just a few short weeks. It’s remarkably easy to get caught up in the doom and gloom of seeing 10%+ of your net worth evaporate (on paper at least) in one month. It obviously never feels good, but we know from listening to JL Collins, that stock market corrections (10% drops from recent peaks), bear markets and even crashes are perfectly normal and expected over an investing lifetime.It is a

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FI Weekly – January 18, 2022: Doing the Right Thing, Community Q&A, Foundation

Doing the Right Thing “Doing the right thing is ultimately more likely to ensure you the greatness or the success that you’re after than doing the expedient, sort of self-preserving thing.”      — Ryan Holiday, author of Lives of the Stoics, on Episode 128 of The Knowledge Project This quote resonates deeply with me, because I truly think over the long-term that being a good person and doing the right thing for the right reasons is the best possible “strategy” for a successful life.  Sure, we see many examples of people in positions of power with insider information enriching themselves to

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FI Weekly – January 11, 2022: Four Day Work Week, Feroldi Book, Who You’ll Be

Four Day Work Week I was fascinated by this Twitter thread from Bolt CEO Ryan Breslow announcing that: “Bolt is now the first tech unicorn to permanently switch to a 4 day work week Our 3 month experiment proved every core thesis: Heightened 1/ Productivity2/ Engagement3/ Wellness” Breslow’s thread is worth a 3-minute read, as I strongly suspect more companies will move this way in the future, and I know we have a lot of business owners in the community who likely should be contemplating this change. I never understood the concept of being stuck at an office for a certain prescribed length

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FI Weekly – January 4, 2022

Annual Financial Checkup Happy New Year! It’s hard to believe the holiday season has come and gone and now we’re gearing up for 2022. Jonathan and I released Episode 358 of the ChooseFI podcast yesterday and even though we titled it the “Getting Started Audit” it just as accurately could have been the “Annual Financial Checkup” which I think we all need. Give the episode a listen, as it’s a real back to basics look at your financial life and why it’s so important to do at least an annual review of your: Net Worth. List out all your assets and liabilities

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FI Weekly – December 28, 2021

Help to Cut Down on Distractions Last week I included a Twitter thread (I’m on Twitter and would love for you to interact with me there) on how to get better at email. It focused mostly on keyboard shortcuts and processing emails quicker which is really helpful info, but I’d suggest two quick life hacks for you that have cut down on my phone & email stress significantly: Go into the settings of your phone and app-by-app shut off notifications until you are left with only the truly essential notifications.  For me this is only two things: phone calls and text messages.  That’s it.  All other notifications

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FI Weekly – December 21, 2021

Year-End Move We’re Making I confess that I hadn’t heard of the US government issued ‘I Bonds’ until Mike wrote me this response to one of our discussions on the podcast: “I got a good chuckle over the part where we speculate that Fritz is selling bonds because they are doing soooo poorly. Check out bond fund ‘TLT’ this year. Better yet, check the I Bonds rate as of 11/1 and let me know how badly that fits into a plan. “ Then I saw this CNBC article last week about I Bonds entitled “Couples can fight inflation with 7.12%

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FI Weekly – December 14, 2021

No Shortcuts (In Life or FI) “There are no shortcuts in this game (of life). Everyone wants to buy the shortcut, that’s how Men’s Health magazine survives.  No one wants to hear just go to the gym 3 times a week and lift some heavy things and then sleep 8 hours. There are no shortcuts.  The shortcut is to be consistent.”       – Pro poker player Chris Sparks on the Jorgenson’s Soundbox Podcast This quote reminded me so much of the FI Mindset of long-term thinking, consistently putting in effort and doing hard things. There’s no get rich quick scheme

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FI Weekly – December 7, 2021

What are you Trying to Master? With the help of author Daniel Pink’s framework, we’ve identified five main motivating factors that drive much of human behavior:  Autonomy, Mastery, Purpose, Identity and Connection. I want to focus today on ‘Mastery’, as I think this aspect of motivation often gets overlooked entirely. Sure, many students and those early in their careers are consciously pursuing knowledge and mastery, but honestly, how many older people are actually trying to “master” any new skill or learn anything new at all? I think the answer is just about nobody. Routines turn into ruts and we just don’t

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FI Weekly – November 30, 2021

Simple Tips for Online Security I recently chatted with a friend in the cyber security field about some of the common-sense online security practices I follow, and he thought it was a good 80/20 analysis of low-hanging fruit to get the vast majority of the benefits of being safe online without it being overwhelming.  There’s always another rabbit hole to dive down in online security (VPNs, throwaway email addresses, etc., etc.), so this is not an authoritative list certainly, but just some smart practices you can implement today to be a little bit safer: Turn on Two-Factor Authentication (extra login security

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