I have a really important question for you. It’s morbid. It’s painful. And you’re not going to like it. But it’s possibly the most important personal finance question you can answer.
If you die today, what does life look like financially for those you leave behind?
Before you answer, I want you to consider some things. Continue reading
My first personal finance podcast appearance is in the books!
Denis and Katie of Chain of Wealth invited me on the show shortly after I began my break in April. Continue reading
Many of you may already be familiar with Rockstar Finance, the aggregator site of all that is awesome in personal finance blogs. Every day, Rockstar posts three of the best recent articles from more than 1,000 blogs and shares them with the world.
Right now there’s also a friendly contest going on, the Rockstar Rumble, where they’re also posting eight of the best personal finance pieces from 2017 each day. The posts are pitted against each other March Madness-style, and the post with the most votes in 48 hours moves on to the next round in the bracket.
Welcome to I Dream of FIRE! I’m glad you’re here.
As Isaac Newton found, a body at rest stays at rest without the help of an outside force. That is as true in finance as it is physics. We tend to exhibit the same behavior we’ve settled into unless something gives us a reason to change. On the flip side, a body in motion stays in motion. Once that initial nudge gets us moving in the right direction, it becomes easier and easier to keep going.
Isaac Newton was introduced to Abraham Lincoln by Bill S. Preston, Esq., and Ted “Theodore” Logan while Honest Abe was president of the nation. Unfortunately, there wasn’t time for a photo op.
I got my push toward the financial independence/retire early (FIRE) scene about three years ago (more on that later). What I’ve noticed is so many FI bloggers and early retirees were able to get started relatively early in life, often before they had kids or certainly when they had very young kids. Not me. I’m 37 and have been married for nearly 7 years. I have two older stepsons, one soon to be in his final year of college and another who just graduated high school, and a 5-year-old daughter headed to kindergarten next year. When I first learned about FIRE in mid-2014, my wife and I were paying for college for our oldest son, a car for our other son, and diapers and daycare for our daughter. Continue reading