As you explore the FIRE movement, you will quickly learn that investing is a key component of financial independence. You might be thinking that now is the right time to invest. After all, there’s a good chance you’ve heard more than a little talk lately about “buying dips” and taking advantage of the recent market downturn. But how do you get started when it comes to FIRE investing?
I sat down with JL Collins, the writer at jlcollinsnh.com and author of The Simple Path to Wealth, to learn more. There’s a reason MarketWatch calls his book the #1 book to read if you want to retire early. His simplified investing wisdom has helped thousands of readers in their pursuit of wealth and financial independence.
During our talk, he shared his own investing history. He also breaks down index fund investing and explains how to know which account to fund first. JL also offers an overview of how to get started investing for financial independence.
There’s more to life than working and paying bills. If you’re like most people, you dream of a week filled with more time and more freedom. That’s why a growing number of people are joining the FIRE movement. Here’s a crash course on the pros and cons of financial independence, as well as some insight into how our family is pursuing FIRE.
A lot of us have had this moment in our lives: we become parents and we want less time working and more time with family, but the income is just not there to support it.
Today, we talk with someone who has developed enough passive income to spend less time on work and more time raising his son. Sam Dogen is the writer behind Financial Samurai, a blog and podcast dedicated to slicing through money’s mysteries.
He is a regular contributor to CNBC and he’s been featured in major publications like MarketWatch, Business Insider, and Forbes. When he’s not writing or talking about money, he likes coaching and playing tennis and enjoying delicious food in San Francisco with his wife and young son.
We dive deep into why he got into passive income, the methods he used to get started and his life as a stay at home Dad.
Kristy and Bryce are Canada’s youngest retirees. They used to live in one of the most expensive cities in Canada, but instead of drowning in debt, they rejected home ownership. And what resulted was a 7-figure portfolio, which has allowed them to retire in their 30s and travel the world.
Their story has been featured in the New York Times, Forbes, Huffington Post, amongst many other publications. They’ve written a book on FIRE called Quit Like a Millionaire and it’s out this month.
Financial independence and early retirement are huge accomplishments. Like running a marathon, becoming debt free or losing 100 pounds, they require focus, patience and a whole lot of perseverance.
This monumental financial status allows you the freedom to do what you want when you want and have the location independence you desire.
Author Deacon Hayes joins me today to talk about his new book, You Can Retire Early! We’re gonna review the ins and outs of how each and every one of us has the opportunity win at the game of early retirement.
If you’ve been married and working full-time for a while, you know the importance of quality time spent with your spouse. This is a chance to catch up, to talk about fun memories and make new ones together.
Unfortunately, our busy careers can make these quality get-togethers really difficult most days. There are late nights at work, deadlines and out-of-town trips. But …
What if you woke up on Monday morning and you didn’t have to go into the office?
What if there were no more business trips and no more work-related deadlines?
How would that enhance your relationship with your spouse?
To answer these questions, I’ve invited Tanja Hester and Mark Bunge on the show today. After 10 years of marriage and 6 years of diligent savings, this young couple decided to retire from their busy careers in late 2017 and give more time to their marriage.
At 38 and 41, Tanja and Mark have regained the best years of their lives. As early retirees, they are pursuing their passion for the outdoors, travel and spending more quality time together.
Popularized by extreme frugality rock stars like Mr. Money Mustache, the Mad Fientist and Jacob from Early Retirement Extreme, the Financial Independence or FIRE community has grown in popularity over the past 5-10 years.
This is a subset of the personal finance world that encourages earning a solid income early in your life, saving a boat load of cash and retiring earlier than most of your peers.
For a frugal guy like me, this concept makes a ton of sense. Work hard, save and invest early so you can enjoy the majority of your life doing what you love.
But what happens when you’ve retired early? You still need something. You need a purpose or a goal to work toward.
I recently sent a letter (yes, a real letter) to my 20-year old nephew encouraging him to start saving for his retirement today. With time and compound interest on his side, his options are endless. In order for him to reach financial independence, he’ll need to invest and adopt some crucial money-smart habits early on in his life.
Cross your fingers for me that the message resonates with him!
Hello all! Andy Hill here … We have a new guest post from personal finance author Elle Martinez from Jumpstart Your Marriage and Your Money. Elle’s mission of helping couples improve their money-smart ways is right up my alley. Her article below gives you the skinny on how couples can truly take advantage of a dual income household. Enjoy!
Two incomes are better than one, right?
Marriage can be a beautiful partnership when spouses combine their gifts, talents, and support. Two incomes for a couple can also be a blessing – if used wisely. Let me explain.