A great lesson for anyone thinking about how money works is to think about the concept of real hourly wage. If you’re paid an hourly wage, you know what you make for each hour that you work. And if you’re paid a salary, you can figure out approximately what you make per hour. For example, […]
My wife and I are currently in the market for a new house. We have plenty of money saved, have a high household income, and after a decade of living well below our means, we think we’re ready to start inflating our lifestyle a bit more (or a lot more if we’re being real). I’m […]
When it comes to the different sub-genres of FIRE, my favorite is probably what has been coined Barista FIRE. I wrote about Barista FIRE several years ago in a post I titled The Dream of Barista FIRE. In that post, I thought about some of my favorite jobs I had back when I was in […]
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 […]
A brand of FIRE that everyone pursuing financial independence will have to hit at some point is Coast FIRE. Coast FIRE is defined as when you have enough money saved up that, without any additional contributions, the growth on that initial nest egg will be enough to fully support your lifestyle at traditional retirement age. This is possible because of the power of time and compound interest.