Showing posts with label financial independence. Show all posts
Showing posts with label financial independence. Show all posts

Tuesday, April 4, 2023

Links for April 2023: History of FIRE edition

 Links for April 2023: History of FIRE edition!

Happy Financial Literacy Month! Here are some links on the history of financial independence on the Internet:

Who originally coined the term FIRE? Apparently, it came from the Motley Fool discussion boards, circa 2000/2001: https://retireearlyhomepage.com/fire.html

The above information comes from the website of a forgotten pioneer of the movement: https://forum.earlyretirementextreme.com/viewtopic.php?t=10436

Greaney's page still has the Web 1.0 look; a simple style that reminds you of a Geocities page (remember them?). However, it's still maintained and updated! Here's a list of articles, in chronological order (some really great stuff, too! I'm fond of the "Retire Early in the News" posted July 1, 1997): https://retireearlyhomepage.com/chronidx.html

Heck, early retirement has apparently been mainstream since 2004! https://www.newsweek.com/retiring-early-quit-time-your-side-124127

Thursday, May 14, 2020

Blog roundup May 2020

Blog roundup/interesting links May 2020

A great summary of the FIRE movement:
https://www.thousandaire.com/its-all-about-creating-income/

I've linked this before, but it's worth including again:
https://www.wealthwelldone.com/how-can-i-change-my-life/
     -And while we're using allegorical stories:
     https://froogalstoodent.blogspot.com/2017/01/a-tale-of-two-kingdoms.html

A sound planning session with Inspire to FIRE:
https://www.inspiretofire.com/recession-investment-plan/

The benefits of FI:
https://www.physicianonfire.com/the-benefits-of-financial-independence

Though I don't usually condone day trading, a little information about good, debt-free companies won't hurt. To that end, this is one part of a series on debt-free companies. I like the analysis, though it's not actually influencing my own investing decisions:
https://seekingalpha.com/article/4339254-debt-free-companies-of-s-and-p-500-jack-henry-associates

Some good guidance on how to handle a dip in the stock market if you're planning to retire soon; good advice to hear if you're worried about how the COVID-19 economic slowdown will affect your ability to retire:
https://www.moneytalksnews.com/retire-even-when-the-economy-heads-south/

Jim Collins is ALWAYS worth reading and considering. This one is particularly notable for a great line by Jon Older, in his 8:54 PM comment: "Like a famous person once said, money is like a bar of soap. The more you handle it, the smaller it gets." Great stuff!

How does Japan deal with its extreme population density, especially in Tokyo? Micro-apartments!

Another dose of sanity, this time from Mr. Money Mustache:
-The money quote: "But in this situation, it really helps to understand the big picture of what is actually going on. The world is not ending. The air outside your windows is not a swirling cloud of certain death. All that has changed is that we are in a self-imposed economic slowdown that has been created purely to save the lives of our most vulnerable people. Which is one of the most compassionate things our society has ever done." [emphasis in original]
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Friday, July 21, 2017

The 5 Best Money Books

The 5 Money Books You MUST Read!

There are self-help books (and podcasts and so forth) on every conceivable topic! So, as you might expect, there are plenty about money as well.

But how can you sift through the garbage to find the gems? Well, I can't claim to have read everything, but I can share the most helpful books that I've found. So, I've compiled a brief list of my favorites, including a couple that may surprise you!

Stanley and Danko

Tuesday, April 18, 2017

Links for April 2017

Links for April 2017

Financial information that everyone, especially (but not only) young people, should know: http://www.youngadultmoney.com/2016/07/25/10-financial-basics-everyone-should-know/

Are you trying to substitute money for something else in your life? It won't work! Wisdom from Mindfully Spent: https://www.mindfullyspent.com/home/money-cant-fill-a-hole

Millennials: having trouble paying off your student loans? Sound the alarmTreat your debt like the emergency it is; pay it off like your hair's on fire!
https://www.learnvest.com/2017/03/millennials-this-might-be-why-you-cant-pay-off-your-student-loans/

Tuesday, March 1, 2016

Links for March 2016

The Simple Life: would you rather spend money on that thing that caught your eye...or not have to work? The choice is yours.

Along those same lines...Stepping away from the rat race can bring you true, lasting joy that a fancy purchase will never induce. The Frugalwoods have their heads on straight!

My grandmother kept a newspaper clipping that was similar to this powerful list on her refrigerator. It concluded that you can have the husk of everything for money, but not the kernel. This quote is attributed to Norwegian writer Arne Garborg.

Flipping Rich - a TEDx talk on the power of generosity by John Thornton, a professor of accounting ethics

How your money situation influences your mind - Natalie Bacon (The Finance Girl) talks about how money often influences us without our awareness. She's also got some important money lessons for college students!

Here's the toll that student debt can take on retirement - Uh-oh. That's not good for millennials and our finances. Better adopt the Millionaire Mindset and learn to live like a college student! If you're in college right now, these tips can help reduce that debt load!

Lance Cothern of Money Manifesto gets it! With quotable quotes like "Money will no longer dictate what you do with your time," and "The freedom of financial independence is the ultimate financial goal," this article is well worth your time!

Great advice from Will at Growing the Green, especially if you're in a dead-end job with lots of free time! Some hustle and smart time management can get you far!

Ever wonder why financial professionals drive BMWs and Porsches, but their customers don't? See this fascinating interview with a very successful fund manager! Also, the Evidence-Based Investor is a great investing-focused site to follow!

A very astute parable from Mr. FIRE Station (FIRE is capitalized because it's an acronym for Financial Independence, Retire Early. But you already knew that.) The parable can also be found on jlcollinsnh, another good source for personal finance information! The parable is probably older than the hills and twice as moldy, but its relevance will never expire...

A modern parable can be found at Forever Financial Freedom.

Speaking of literary devices like parables, this metaphor works pretty well!

Excellent advice for 20-somethings!

Income-based repayment plans are a good way to keep your monthly payments low when you're just beginning your career. This infographic clearly explains common student debt problems, and how income-based repayment plans can help.

Want to dress like a billionaire? The founder of IKEA says he wears clothes from flea markets!

An interesting take on the approaching mass retirement of baby boomers (Caution: vulgarity herein! Also not sure if I agree with the gloom-and-doom approach, but it will surely resonate with some.)

Monday, January 25, 2016

Links Jan 2015

As always, I want to bring you great content. However, between my classwork, research (this is critically important to make degree progress!), and preparing and refining lessons for the class I'm teaching, work on posts for the blog have been slow. But never fear--several projects are simmering on the burner, just waiting for me to crank up the heat!

I may be neck-deep in schoolwork, but there are many writers out there, and they bring plenty of important information! Here are a few articles that caught my attention recently:

  • A hidden advantage of reaching financial independence:
    http://www.madfientist.com/power-quitting/

    We've all dreamed of sticking it to our employer when things aren't going well! It's very empowering to be in a position that your employer needs you more than you need them...
  • Don't worry about going broke if you try early retirement; Mr. Money Mustache makes the case that it's not really that risky:
    http://www.financialsamurai.com/early-retirement-its-not-as-risky-as-you-might-think/ 

    Some say Mr. Money Mustache isn't really "retired" since he's still doing stuff that earns money. I think the point is that he could lie in bed for the next three decades without lifting a finger, and he'd still be in good financial shape. The concept of "retirement" being where old people sit around nursing homes and wait for death is...frankly, it's not worth working for. So if he's happy being busy, good for him! And if his carpentry and/or blogging makes him money...well, that kind of hustle is why the Mustachian family is in the financial position they're in!

Monday, November 9, 2015

Debt, Retirement, and The Problem With Dave Ramsey

This writer points out flaws with advice from the extremely popular faith-based financial guru, Dave Ramsey: http://frugalvagabond.com/2015/10/12/dave-ramseys-awful-advice/

If you watch the video, you'll notice how quickly he casts doubt on the motives of the person 
who's asking a perfectly legitimate question. This is not the behavior of somebody who is being honest! 
Remember, Dave, Jesus said: "No good tree bears bad fruit."