I Dream of FIRE

In pursuit of financial independence and personal fulfillment

Category: Personal finance concepts (page 1 of 5)

Talking burnout on the What’s Up Next Podcast

Is FI an antidote to career burnout? What causes people to feel like they need a change, and how can they walk away in today’s world?

On the What’s Up Next Podcast, Melissa Blevins, Bill Young, The Happy Philosopher and I talk with Doc G and Paul Thompson about our career pivots and how being financially aware makes it so much easier to make a change.

Check out the episode here.

Financial security is at the foundation of human needs

Most people have heard of Abraham Maslow’s Hierarchy of Needs at some point in their lives.

The basic notion is that human needs are grouped and ranked such that the basic needs — food, water, shelter, sleep, clothing — are the most important. Unless those needs are met, higher needs such as friendship, self-esteem, career advancement and the like do not become primary motivators in day-to-day life.

In Maslow’s pyramid, financial security is in the second layer, along with personal and emotional security, health and well-being, and safety.

I think it’s more important than that. For the majority of people, financial security is a base-level concern that directly affects all of those other basic needs.

Continue reading

9 things I wish I’d done differently in my financial past

Many of us have made financial mistakes. I’m certainly no exception.

Mistakes are the currency of experience, and experience is the fertile ground in which better future decisions are based. So while I won’t say it’s all bad … I could have done these things better.

I wish I would have: Continue reading

Uncover your financial values with this simple exercise

People often think of money as the goal — what we’re all after that will make our lives easier or better. But money is just the concept by which we measure the value of something. It is only a proxy for something else.

What is that something else? Continue reading

My top tips for getting out of debt

I’ve started doing some pro bono calls to help people in debt understand their finances better and make a plan to put their debt behind them.

In just the few calls I’ve had, I’ve been surprised how many different ways there are to accrue debt that aren’t just the stereotypical splurging on consumer goods. Debt is a complex animal, and it burrows in, lunges out and breeds in unique ways for each family and situation.

There are, however, some universal suggestions to help anyone in debt move toward a better situation. Here are my top tips. Continue reading

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