There’s a little-known fact about investing that most people don’t appreciate until they really think about it. That fact is this: if you give yourself enough time, the amount you have to save in order to end up with a large sum of money is actually very reasonable. Perhaps nothing can open your eyes to […]
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Coast FIRE: The Tipping Point On The Path To Financial Independence
The way I’ve thought about financial independence and the FIRE movement (financial independence, retire early) has evolved quite a bit over the years. When I first started on this path, I thought about financial independence in a pretty rigid way. Financial independence meant saving 25 times your annual expenses, at which point you’d be able […]
October 2020 Side Hustle Report – $1,577.46
It’s a new month, which means it’s time for another edition of the Financial Panther Side Hustle Report. Today, we’ll be looking at my side hustle earnings for October 2020. As a quick recap for those of you that are new to this, each month I document exactly what I made from side hustling using […]
Getting More From My Emergency Fund With 3% and 5% Interest Savings Accounts
A strategy that I’ve used over the past five years or so is to take advantage of what you could call “mega high-yield savings accounts.” While your typical high-yield savings account pays 1% interest or less, mega high-yield savings accounts are savings accounts that pay much more – as much as 3-5% interest. This is […]
Comparisons, Anchoring, And How To Barely Scrape By On A $400,000 Income
The first real job I ever had was as a lawyer at a big law firm. The job paid six-figures per year, so at 26-years-old, I was making an income that put me in the top 5% of earners in my age group. It was an unreal sum of money for me. Up until that […]
Good Enough Investing
A few weeks ago, I wrote a post about simple investing strategies that anyone can use. As I wrote this post, I realized an important principle that’s guided my investing strategy ever since I got my first job. It’s a principle that I think is important enough to warrant its own post. The basic principle? Good […]
September 2020 Side Hustle Report – $3,187.22
Hey folks and welcome to another edition of the Financial Panther side hustle report! As regular readers know, each month I document exactly what I made from side hustling using various sharing economy and gig economy apps. Some of these apps are ones you’ve probably heard of before. Others might be new to you. My […]