A sinking fund calculator is a useful tool for financial planning. This calculator determines how much you need to save per year to achieve a financial goal. Simply input the target savings amount, the interest rate you expect to get from your money, and how many years to plan to save. Money to accumulate = … Read more
Your End of the Year Guide – Finish Strong and Plan for Next Year The end of the year can be a magical time. It’s a time to reflect on your accomplishments. It’s a time to slow down and catch your breath. Be clever this year, and avoid starting new projects. Take this time to … Read more
Are You Fiscally Responsible? 13 proven habits to help get you there What does fiscally responsible mean? Government decision-making is a common use case for the term fiscal responsibility. Albeit, more so in theory than practice. A prudent goal of any government is to act with fiscal responsibility. Balance taxation with spending. Enact monetary policies … Read more
What’s the point of being rich? Wisdom from financial independence I never wanted to be rich. I sure as hell don’t want to be famous. The fewer people who know me, the better. I view financial assets as a medium to enable a purpose-driven and balanced life. The journey to and through financial independence led … Read more
The 32 Best Personal Finance Books: Your Reading List for Early Retirement The FIRE journey is not for everyone. It’s a lifestyle that requires a focus on earning money. A serious commitment to investing for the long haul. And frugal living that prevents lifestyle creep. I started reading personal finance books in middle school. I’ve … Read more
12 strategies to make your first million bucks and how to invest it It takes a long time to become an overnight success. If you follow these steps you’ll wake up one day and be a millionaire. Looking forward, the idea of making a million dollars seems huge. Almost unattainable. It’s not hard to make … Read more
How much money is 6 figures? And why it matters to your financial freedom journey Defining 6 figures. What do these phrases mean? Let’s jump in. 6 figures A number that is greater than or equal to 100,000 and less than 1,000,000. A number in the hundreds of thousands, which has 6 digits. 6 figure … Read more
How much is 5 figures? Definition and context Defining 5 figures. What do these phrases mean? 5 figures A number that is greater than or equal to 10,000 and less than 100,000. A number in the tens of thousands, which has 5 digits. 5 figure salary An annual salary that is greater than or equal … Read more
Is 150k a good salary? It’s better than you think It’s not how much you make; it’s how much you keep. Or, as we say in the FIRE community, it’s how much you cash flow! A $150,000 salary is a solid wage. It’s enough to live a remarkable life in America. It’s enough to reach … Read more
How much money is 7 figures? A major milestone of financial freedom Defining 7 figures. What do these phrases mean? Let’s find out! 7 figures A number that is greater than or equal to 1,000,000 and less than 10,000,000. A number in the millions, which has 7 digits, but less than 10 million. 7 figure … Read more
