This past year has been one of the craziest of my life – not just because of the pandemic, but also because of how much my life has changed. Of course, I’ve had big life changes before. Graduating from law school, starting my first job, getting married, quitting my job to pursue self-employment – all […]
Financial Independence
The Myth Of Diversification – And Why It Means It’s Okay To Take Chances
A common piece of wisdom is to never put all of your eggs in one basket. This makes a lot of sense. None of us knows what the future holds, so the only way to deal with the unknown is to give ourselves a lot of outs. If one thing doesn’t work out, maybe something […]
Lifestyle Inflation Is Okay – Just Let It Happen On Your Terms
Lifestyle inflation is what happens when you earn more money, and in turn, spend more money. It’s a natural part of life, but one that is often viewed as a negative to wealth building. And it’s true. If your income grows, but you spend all of it, you’ll never be able to build wealth. In […]
The Parallels Between College Life And Financial Independence
I’m not financially independent, so I can’t say what financial independence really feels like. But what I do know is that the things that made me happy in school are pretty similar to the things that I want out of financial independence. Here are a few things that come to mind.
The Fluctuating And Gameable Net Worth Number
In the financial independence community, net worth means everything – or if not everything, it means a lot. When I started this blog five years ago, I actually went into it intending to regularly track and share my net worth each quarter. I ended up writing two quarterly net worth posts before I ultimately shelved […]