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Today's Financial Independence Articles
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  (This post may include some affiliate links) Happy birthday to me! As I’m turning the big 4 0 – I’m reminiscing on my FIRE (Financial Independence, Retire Early) journey and sharing lessons I’ve learned along the way. Plus, I give actionable tips to help you on your financial freedom journey. It’s been a crazy decade of finding my voice and power in this space. I’m forever grateful to the Journeyers continuing to bless me […]

Our couple today is made up of a retired cardiologist alongside his retired office billing manager, retiring to sunny Florida … Read more

Just when I thought my AMA series was done, two readers sent questions and comments that were so good, they got their own post—here’s Part 4!

Mindfulness and Money in Retirement       Money is a loaded subject, especially in retirement. If you have enough (or even if you don’t), mindfulness can increase your agency, insight, and ease of using money in retirement. You have […]

It has been a great ride, but I’m now aging out of early retirement. I’ll hit the official retirement age of 65 in a couple of months and have already done the mandatory signup for Medicare. While that little retirement benefit will save me a lot of money in my budget, it also depressingly makes … Continue reading I’m Aging Out Of Early Retirement So It’s Time For Full Retirement And Goodbye → The post […]

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The following is a guest post from my sister site, Kid Wealth. We’ve been doing a lot of cleaning for the new year. One of the areas I’ve come across is my book collection. I feel like I’ve finished about ten books in my life, but somehow I’ve managed to own at least a couple hundred books. Of the ten books I’ve finished, at least two are by Malcolm Gladwell. You can read my Outliers […]

We hope 2023 is off to a great start for you! Happy Lunar New Year for those of you who celebrate! Here’s hoping that the year of the rabbit will be “hoppy” and full of success! For us, January was a month of new focus. … The post Early Retired Life – 01.23 – A New Focus appeared first on The Dragons on FIRE.

I’m happy to be writing for Can I Retire Yet? again after a two-year sabbatical. I’ll be holding down the first-Monday-of-the-month position this year while Chris continues to fill out the rest of the calendar. It’s good to be back in this familiar place with its thoughtful audience. In the coming months I’m looking forward… The post Finding Your Purpose in a Long Retirement appeared first on Can I Retire Yet?.

We live in a distracted world where depth of investigation is discouraged. Despite increases in scientific spending, the number of publications, or the amount of PhDs being awarded, major discoveries in science and engineering have declined significantly in recent decades. The new-music market is shrinking, and old hits are dominating. We are working more days … Continue reading “The Power of the Four-Hour Work Day (even in retirement)” The post The Power of the Four-Hour […]

Hey everyone! January was a nice month, wasn’t it? The stock market did quite well. Inflation seems to be taming. The job market is still strong. Things are looking up. Our net worth increased along with the stock market and it’s recovering nicely. If all goes well, we might get back to our all-time high this year. What can I say? I’m an optimist. This week, I’m heading back to the US after 10 weeks in Chiang Mai. It was quite nice because the weather was perfect. But now, it’s heating up and the air quality is horrible. The burning season starts in February and continues until April. The air is full of fine particulate matter (PM 2.5). It’s a good time to leave town. Also, my mom is stable so I feel better about spending so much time here. When I arrived, she was in really bad shape. You can read more about my very long trip back home here – Travel isn’t as fun when you’re older.   Alright, I’ll share how I’m doing with my 2023 New Year goals. Then, I’ll go over our monthly cash flow and net worth. Let’s go. 2023 Goals Here is my 2023 goal spreadsheet. It works really well. Try it out if you can’t keep up with your New Year goals. The key is to go over the spreadsheet at least once a month to track your progress. That way, you can see which goals need extra attention and work on them. Last year, I failed to accomplish about half of my goals. It was a rough year. I’m optimistic this year, though. Let’s go! Financial Goals Invest in Real Estate Crowdfunding. I plan to invest in at least one RE crowdfunding project this year. One of the older projects had a capital call and I sent them $3,000. That’s a start. I’ll invest more when we accumulate some money. My projects on on CrowdStreet have been doing quite well so I plan to invest more over the next few years. It’s a great way to generate passive income. FI Ratio > 120%. This is my main goal for 2023. The FI ratio is passive income divided by expense. This shows us we can maintain our lifestyle with our passive income. We’re doing well so far at 164%. It’ll come down next month, though. We have a couple of large expenses coming our way. Net worth back to all-time high. This one is completely dependent on our investment. I don’t have a lot of control over it, but I want to track this. Things are looking good so far in 2023. Our net worth has recovered 46% already, almost halfway. Our lowest point was in October 2022. Health Goals 7,500 steps per day. Wow, this goal will be tough to accomplish. In January, I averaged 8098 steps per day. I walked a lot in Chiang Mai, though. When I’m back in Portland, I seriously doubt I can get this many

Focusing on what you have rather than what you want should be a part of everybody’s retirement plan. Read this week’s terrific links and start compounding life satisfaction. Set the right expectations for your retirement portfolio. A Wealth of Common Sense Don’t ignore what you can control. Think Advisor Are you happy with your Medicare Advantage Plan? CNBC Is retirement a scam? Pragmatic Capitalism Can…The post Some Is Rich, Some Is Poor, That’s The Way The World Is…..When Is My Retirement? appeared first on A Teachable Moment.

When it comes to achieving financial independence, there’s no one right path. In fact, there are many different ways to get there. However, if you want to have the biggest impact on your journey, you should focus on these three main levers: earn more, spend less save, invest more, buy assets return on investments and… Read More »The 3 Main Levers for Achieving Financial Independence The post The 3 Main Levers for Achieving Financial Independence appeared […]

Welcome to interview #6 in the FIRE With Kids interview series! Meet Finn and Fiona, a 37 year-old couple, living in a major city in Israel with their two young children and dog. The Fionist family is balancing frugality with intentional spending on an average income, with plans to semi-retire by their 50’s. They’re also blogging… The post FIRE With Kids Interview #6: The Fionists appeared first on Rich Frugal Life.