I’m sure you’ve heard the term inflation before. But what does it mean? How is it calculated? I’m here to break down all the confusion about what inflation actually is. It might surprise you that your inflation number can be vastly different than somebody else’s! Merriam Webster defines inflation as “a general increase in prices […]
Is Cash Really King?
We are slowly moving toward a cashless society. For those who value optimization, this is great news! Cash is inefficient and inconvenient. If cash were to become obsolete tomorrow, I would be ecstatic (sorry drug dealers). Let’s break down some of the reasons why cash is sub-optimal at best. Important Note: If you are not […]
How Long Does it Take to Retire from Real Estate?
DOWNLOAD THE EXCEL FILE HERE (CLICK ENABLE MACROS) Let me start by saying that real estate is not for everyone. Real estate is much more time-consuming than index fund investing. Additionally, properties need repairs, tenants aren’t always great, and leverage can be scary. However, if you are strategic in your acquisitions, you can quickly build a […]
How to Maximize Your Savings Gap
The only way to accumulate wealth is to create a gap between your income and your spending also known as the savings gap. The rate at which you accumulate wealth depends on the size of this gap. Much of traditional retirement guidance focuses on expense cutting and frugality. However, what happens when your expenses are cut […]
Why You Aren’t Really Saving
This post was inspired by a discussion I recently read in one of my active Facebook groups. Some members of the financial independence community felt targeted by the stereotypes attributed to the “typical non-FI” person. These stereotypes include eating at restaurants frequently, paying for cable, indulging in daily lattes, going out for drinks, and many […]