theFIway - The Next Generation's way to Financial Independence

money buys happiness — VIEW POST
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Does Money Buy Happiness? Sure Does, but not in the way you think.

By Kylven Ross

The pursuit of happiness is a path riddled with potential missteps. You must truly understand how best to utilize money and the most valuable resource it can purchase. It’s not the house, fancy cars, exotic vacations, gadgets, designer clothing, or anything similar that will bring you lasting joy. I’m fairly certain, everyone will agree that this is the best investment money can buy.

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Compare YOUR Cost of Living vs the Average American

By Kylven Ross

Discover Runaway Expenses by comparing your cost of living to the average American. I’m walking through an exercise using data from the Bureau of Labor and Statistics with my daughter. We are going to compare our family’s expenses versus the averages from the Consumer Expenditure Survey. Go through the steps yourself and find areas of opportunity to cut costs or even reveal a philosophical vulnerability, as I did.

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get rich quick with penny stocks — VIEW POST
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Twenties

Getting Rich Quick is not the Answer. Why a Penny Stock Trader adopted a Long Term Investing Strategy.

By Trevor Tune

Trevor Tune shares his experiences trading Penny Stocks in college and falling victim to the “Pump and Dump” scheme. After going on a winning streak attempting to get rich quick and then losing everything, he came to realize that long term sustainable investing is the key to success. Here’s his message for the next generation.

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Teenagers Twenties

What Should I Major in to Become Financially Independent Quickly

By Kylven Ross

Every college applicant will ask themselves, “What Should I Major In?” Here is a practical method that some have used to go from minimum wage to over SIX figures in just 3 years. A degree with significant return on investment is one way to fast track Financial Independence.

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tax avoidance funds — VIEW POST
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Twenties Thirties Forties Fifties Sixties Elderly

What Investments go in Which Account for Tax Avoidance?

By Kylven Ross

You may be losing money by simply not understanding which accounts are the best place to hold your investments for tax avoidance. If you have holdings outside of a retirement account, you’ll want to know these tax efficient investing strategies. Let's walk through a 10 step process to rebalance and stop paying Uncle Sam more than his fair share.

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theFIway

Introducing the Financial Independence (FI) Way of Life is one of the greatest gifts parents could give to their children. A strong foundation of Financial Literacy, at a young age, can drastically improve the pursuit of happiness. 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. Parent your children to prosperity theFIway. Through a series of letters to the next generation, we share experiences and knowledge to help others achieve Financial Independence. Please follow us on Social Media for immediate updates.

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