One problem with retiring early is that you can’t access your tax-sheltered retirement accounts until 59 1/2 without taxes and penalties.
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10 FI Money Hacks
The start of anything is an exciting place to be. Whether it’s a fresh new year, a new city, or starting any new chapter of your life, it can be refreshing to turn the page. No matter how far along or fresh your journey to FI may feel, there are plenty of money hacks to …
How To Save $1,000 In 30 Days!
Increasing your savings is a pillar of pursuing Financial Independence. If you are just starting your journey, saving that first $1,000 is a big step! Through a combination of small sacrifices and lifestyle changes, you could see a four-figure balance in your bank account by this time next month. Make A Budget If you don’t …
FI After College: Best Money Money Moves After Graduation
Pursuing FI is well and good if you have an established job that pays you well. But what about those fresh out of college? I know when I graduated, I barely had enough in the bank to put a down-payment on an apartment, let alone start pursuing Financial Independence. What should a person do with …
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How To Downsize Your Home: 9 Easy Tips To Help You Live In Less Space
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 size of homes grew from …
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3 Things Every 18-Year-Old Needs to Know Right Now (And Possibly Ever)
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 in your life, you’re officially …
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What Is House Hacking?
House hacking. You’ve heard about it, and people in the ChooseFI community gush over how awesome it is. So, what the heck is house hacking and how can you do it? House hacking is a term used by both real estate investors and the Choose FI community pretty regularly. Traditionally, house hacking refers to buying …
Step-By-Step Guide to a (Nearly) Free Disney Vacation (2024)
Walt Disney said, “It’s kind of fun to do the impossible.” And he’s right! It might seem difficult, but using credit card rewards points to earn Disney rewards for a free family vacation is absolutely possible!
Should You Go To College In 2024
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. Many college students rack up …
Is It Worth Giving Up Stuff You Love To Reach FI?
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, pay for a cleaning service, …
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How To Become An Airbnb Superhost
Being an Airbnb host can be a very lucrative side hustle. But, if you become an experienced enough host, you can reach the coveted title of Superhost. A Superhost is an experienced Airbnb host that has been rated highly by many guests. There are some other requirements you’ll need to meet to become a Superhost, …
How To Find Cheap Produce (Plus 2 Recipes!)
Since summer is just around the corner, here are some tips on how to get the best produce for the lowest price. Local farmer’s markets, subscription services, or just slightly imperfect produce are a few ways to save money on fresh fruits and vegetables and eat well. Community Supported Agriculture (CSA) CSA is a way …
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