Buying insurance reminds us of our mortality. We could get sick, hit by a car, or have our home destroyed. However, we still buy medical, auto, and home insurance to protect against those risks. But there’s one policy that most people don’t buy even though there’s a 1 in 4 chance that they’ll need it–disability …
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The aggregation of marginal gains is a concept made famous by British cycling coach Dave Brailsford, who lead the British cycling team to 10 gold medals at the 2008 Beijing Olympics. Prior to this, the team had not managed any significant wins. Brailsford believed that victory at the Olympics would be achieved by focusing on …
Did you know that a 2013 University of Cambridge study found that many of our money behaviors are formed by the time we are seven years old? No wonder it’s so important to talk to kids about money. For a lot of us, it’s difficult to know where to start…but getting started is so important. …
The right side of your brain just won’t quit! You’ve done your calculations. You’ve poured over projections. You’ve mastered your Excel spreadsheets with the magical stealth of Gandalf the Grey, but you’re still not absolutely sure you’ve done the math right. How do you know the numbers add up for early retirement? Helpful Early Retirement …
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Capital gains optimization can allow you to build a tax-efficient investment strategy. Since understanding capital gains is one of the key building blocks of Financial Independence, we are taking a closer look at the concept today. Table Of Contents Important Terms Before we can define what capital gains are, let’s take a minute to define …
When your primary financial goal is to retire early and become financially independent, sometimes it feels like you can only do so much. If you’re already maxing out your IRA and 401(k) every year, you might assume that you are left with only taxable accounts to invest your cash in. So let’s see how an HSA fits …
One central question remains in the FI community for those who seek to retire early: How will I pay for healthcare? The triple tax benefits of an HSA are your answer. The fate of the US healthcare system is always up in the air. It’s not clear what the future holds for those who retire …
Use our free Amortization Calculator to see your interest payments and payoff value for an amortized loan. Enter your starting principal, interest rate, the start date, and number of years to see an analysis summary and graph.
Use our Future Value of Investment Calculator to see how much money you’ll earn on your investments over time with compound growth. Enter your starting principal, interest rate, the start date, number of years, and the amount of regular financial additions to see the analysis summary and graph.
When your goal is Financial Independence, you watch your spending and saving very carefully all year. But that doesn’t diminish the need for a year-end financial checklist. On that checklist are things that you should do at the end of every single calendar year to make sure your finances are in the best shape possible …
Continue reading “5 Critical Items You Need On Your Year-End Financial Checklist”
Use our free simple retirement calculator to determine how much of your income you need to save for your future retirement nest egg. Simply enter your current age, the age you plan to retire, your starting principal, your planned monthly additions, and the estimated annual return rate to help you reach your future retirement goals.
Presented by The ChooseFI International Foundation The journey to Financial Independence, or FI, begins with understanding the basics. That’s precisely what we are offering in FI101. Our FREE 101-level course covers it all. EVERYTHING you need to launch your own journey to Financial Independence is here waiting for you to discover. Why free? The concept of Financial Independence has the potential to change the world and transform the lives of those it reaches.We believe FI is for EVERYONE. …
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Our community helps people discover and accelerate their path to Financial Independence with the goal of earning more, spending less, and enjoying the journey.
