Category Archives for "Financial Independence"
“Bold Action, Thoughtful Frugality. That’s the deadly combination.” ~ MightyInvestor.com
continue reading....You are now shooting like an arrow for Financial Independence. This is a battle, and there will be winners and losers. Let’s take a look at the field. First, The Losers: Credit Card and Consumer Finance Companies. This one is obvious. The first order of financial business is always to pay off any high-interest loans. […]
continue reading....Have you ever thought about working as an expatriate? Probably the key move that I made to achieve Financial Independence at 41 was living abroad and having very limited expenses for ten years. This accelerated everything.Work Abroad for a Top-Shelf Firm, The Federal Government, or an International Financial InstitutionIf you work for an elite firm […]
continue reading....The Mighty Investor Uber-post on money, investing, and career. One Post To Rule Them All.Get FrugalFrugality is a key plank to building wealth and a life where you have more control over your how you spend your days. You’re not cheap, just smart. However, be careful not to slip into a mindset of extreme scarcity. […]
continue reading....If you want to achieve financial independence quickly, you have to be extraordinary. That doesn’t mean you have to be the Katy Perry of music, the Michael Jordan of sports, or the Warren Buffet of investing. Indeed, many people of exceptional talent who earn millions still end up broke. They lack the three key skills.When […]
continue reading....If I had to reduce the key books to two books instead of five, I’d pick A Random Walk Down Wall Street and today’s book, Your Money Or Your Life, by Joe Dominguez and Vicki Robin. Like A Random Walk Down Wall Street, YMOYL is not an easy book to summarize. It’s packed with different perspectives […]
continue reading....The Millionaire Next Door is a phenomenal book that explodes myths about how wealth is acquired and how wealth is preserved. Authors Thomas J. Stanley and William D. Danko developed a significant set of original data (through surveys and interviews) with American Millionaires. Through this research, the authors identified seven common factors common to many millionaires.The […]
continue reading....You are now streaking like an arrow towards financial independence. What does that mean?First and foremost, you have forward momentum. You are moving. Taking action.Secondly, and as important. You have a target. When it comes to your financial life, you aren’t just wandering aimlessly. You are focused, know what’s possible, know what to do to […]
continue reading....Achieving financial freedom is not that hard. It’s a matter of high-quality strategic decisions combined with the ability to delay gratification. Here’s a most basic outline with links to more information. –Build a basic emergency fund (at least one month’s living expenses). –Pay off any credit card debt. –Build out your emergency fund to three months. […]
continue reading....Despite the cliché, money does matter. Here’s just a few reasons why:Money buys quality health care for you and your kids.Money means not having ambient financial stress day-to-day.Money allows you to see the world.Money will buy a quality university education for you or your family.Money means you won’t be a burden on your children in […]
continue reading....