Step 1 - Invest in yourself! Increase income and improve your savings rate with education, career advancement, entrepreneurship, and side hustling.
Step 2 - Reduce expenses without sacrificing lifestyle through budgeting, travel and house hacking, frugal living, tax avoidance, and paying off debt.
Step 3 - Grow your asset column and avoid costly mistakes by investing smartly in the stock market, real estate, retirement accounts, and proper diversification.
Step 4 - Plan for the inevitable catastrophe and preserve your wealth with adequate emergency funds, insurance, liquidity, safe withdrawal rates, and risk mitigation.
Who are we?
A collaboration of open letters from real people sharing genuine experiences to help the next generation achieve Financial Independence (FI) and/or Retire Early (RE)…FIRE. The path to Financial Freedom is not taught in schools and may be discovered when it’s too late to have a meaningful impact on life. Introducing the concept of FI is one of the greatest gifts parents can give to their children. Our effort will provide a strong foundation of Financial Literacy that can drastically improve the pursuit of happiness. Read More About theFIway
Meet FInta Clause. He’s St. Nick’s CFP. While Santa’s busy evaluating the deeds of youngsters, FInta’s on an entirely different mission…to determine if those pursuing Financial Independence (FI) have been naughty or nice this year.[Read More…] about Santa’s CFP Judges Financial Goal Progress of FI Seekers.
How many times have you heard, “Save early” and “Save Often”? How about “Time in the market beats timing the market”? There’s a reason they are said ad nauseam and the evidence behind them is powerful. Here are some examples demonstrating the true magic of saving early and leveraging compounded interest to drastically change your life.