Will the impending recession bring about the end of the FIRE (Financial Independence, Retire Early) movement, as some are already predicting? The author of today’s article argues that such predictions reflect a deep misunderstanding of the FIRE movement and that, in actuality, “This recession won’t end the FIRE movement, but it will force it to change. And that change will…
“The only thing that matters to me in the short-term is my dividends,” declares the author of today’s article when it comes to his retirement portfolio. As a result, he only checks the value of his retirement portfolio once a year. Between those yearly reviews, he notes, “I’m collecting an exponentially growing stream of safe dividends that put me closer…
What’s the state of your financial health? To make this determination, it can help to check – and track – one or more of the five “vital signs for financial independence” outlined in today’s article. For these five financial vital signs, how to calculate each of them, and why each is an important indicator of your financial health, CLICK HERE.
Does building a portfolio worth $1 million – and capable of generating at least $30,000 in annual dividend income – sound like a goal that’s completely out of reach, or like an achievable goal worth pursuing? The author of today’s article argues that the difference between those who respond negatively to this idea and those who respond positively to it…
There’s a consensus that Americans are not saving enough for retirement. But what are the obstacles – including the mental obstacles – that are preventing them from doing so? What can they do to save more for retirement (including those who are close to retirement but haven’t saved enough)? What’s the “wrong picture” many may have of the FIRE (Financial…
The FIRE (Financial Independence/Retire Early) movement ignites feelings of skepticism in many. And “skepticism” might be putting it mildly. As the author of today’s article observes, “it seems that some just can’t help hating on FIRE. They claim few can save the amounts of money needed to retire on time, let alone early. They complain about the return assumptions used…
When it comes to retirement versus financial independence, the author of today’s article sees “both as interchangeable, because in essence, in both cases folks are having the financial flexibility to live life to their own terms, not being chained to a desk or a job they may dislike. In both situations, you have the option to leave one endeavor and…
Today’s article calls it “the nastiest hardest problem in finance”: retirement spending strategies. And unfortunately, despite the complexity inherent in retirement spending strategizing, it is often subject to simplistic rules of thumb, most notably the 4% rule. The author outlines the dangers associated with the 4% rule, how it “can go very badly”, and the implications of this for the…
If you want to arrive safely at your destination, you need to check your blind spots along the way – and this remains true even when the “destination” in question is financial independence. In today’s article, the author outlines several common “financial blind spots” he has observed which can, if not checked, have significant repercussions for your journey to financial…
In regards to the FIRE (financial independence/retire early) movement, the author of today’s article notes that while “there are lots of moving parts…one crucial step toward achieving that coveted status is as easy to understand as it is difficult to execute” – and that crucial step is depicted in chart form in the article. For what this step is –…