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 […]
Is the 4% Rule Right for You?
This content may contain affiliate links. See the Privacy Policy for more information. Get ready to go head to head with one of the most sacred tenets in the financial independence community: The 4% Rule. *Gasps* Find out why I disagree with the traditional nest egg, what the alternatives are, and how to build your […]
How to Open an M1 Finance Account
If you haven’t heard of M1 Finance, it’s the best new online investment platform. The company offers the perfect blend of self-directed and robo-advised investment options. In late 2017 the investment firm decided to cut all robo-advising and management fees from their platform. As of this writing, they are the only completely free robo-advisory firm on […]
Vanguard 101
This content may contain affiliate links. See the Privacy Policy for more information. Welcome to Vanguard 101! This course was built to help new investors get started on Vanguard.com by following a simple, step-by-step guide. In my personal opinion, Vanguard is the best option for new investors looking to grow their wealth. However, the platform […]