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
Tiffany Aliche, better known as the Budgetnista, went from a negative $300,000 net worth to over 7 figures in just six years. Her journey is an amazing story of tenacity and hard work. She shares 6 heartfelt financial tips with her unborn daughter about Money, Self-Worth and Purpose.
How do you think your children would manage money if given the opportunity to earn income, pay expenses, and reap the rewards of a 20% compounding interest rate? My wife and I conducted a 20 week experiment and reviewed our kids decisions using the RoosterMoney app. Are you curious how my kids did and what can be learned from the exercise? I certainly was.