Tiny house living has moved from a fringe movement to a trend. It meets the concerns for many who want to simplify their lives, experience homeownership without a mortgage, or take on a new adventure. And with several television shows, magazine covers, and social media glamorizing the lifestyle, taking the
Housing is one of the biggest expenses for most people. According to the most recent data from the Bureau of Labor Statistics, the average person spends $19,880 on housing each year. Not only is the cost of housing increasing, so is the size of our homes. In fact, the average
For most of us, our home will be one of the biggest purchases we make in our lifetime. And your home will often account for a significant percentage of your overall net worth. That’s why finding the best homeowners insurance policy is so critical. No one wants to think that
Reaching financial independence doesn’t require great sacrifice, but it does mean that you’ll need to be more intentional with the financial choices you make. Once you’ve changed your spending habits, such as eating at home more, ridding yourself of expensive car payments, and reducing your housing costs, optimize spending on
While plenty of people are pursuing FI on two incomes, there are also plenty of us entering the space as a single person on the path to FI. Truly, being single and working towards early retirement has its perks. There are some great things to consider in pursuing FI while
Essentially, the reason we are all on the path to FI is because we want the freedom to have options. Freedom means something different to everyone, but having options is the essence of what all us FIers have in common. We want to get off our own hamster wheels and
Catch up with Alan and Tallis as they zero in on the key elements of a successful pitch, and the importance of uncomfortable silence, as well as a home improvement update from Jonathan and a review of Monday’s episode with author M.K. Williams. What you’ll hear in today’s show: Links:
Year End Wins (Part 2) I received so many incredible ‘year end wins’ emails that I felt compelled to feature as many as possible these last two newsletters of the year. For some more year end inspiration, check out ChooseFI podcast Episode 468 ‘Year End Wins 2023’ that came out
Tax Notices: Penalty Removal Request It’s the time of year where the IRS and state tax agencies send out tax notices for additional tax due, underpayment of estimated payments, etc. There are usually 3 components of the amount due on a tax notice: Tax liability, interest, penalty. A tip that I’ve
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.
As we’ve always said, Financial Independence is for everyone. However, geoarbitrage is a powerful FI tool. The vast costs of living, price inequality, asymmetrical taxes, and the ilk; where you live makes a significant difference on your journey to FI. So, just like we did last year – we put
Optionality My family went to Busch Gardens, an amusement park here in Virginia, this past weekend and buying tickets was interesting because there were so many options for memberships and season-long passes. We found that the season-long pass was only $10 more expensive per person than a one-day pass, so
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