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.
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.
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.
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.
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.
Forget the online Financial Independence calculators used to predict early retirement and investment returns. I’m sorry, but you need to create a customized plan to FI or hire a professional to do so. Don’t be discouraged and give up based on results of these tools and think, “I’ll never retire, if I need a bajillion dollars to do so.” Let’s see how a typical american family can retire earlier than anticipated.