Category: FIRE
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Wanna Be a Millionaire?
It’s all about investing! Mostly, it’s about investing consistently over the long term. According to Investopedia, the S&P 500 has a yearly average return rate of 9.90% since 1928. Since adopting 500 stocks into the index in 1957, it’s actually 10.26%. The reason this matters is because I’ll be showing you the math with an…
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Lean FIRE
I’ve read that some people define Lean FIRE as being less than $40k per year. I’ve also read that it’s supposed to be less than $40k per household, meaning $20k or less per person. I count myself as going after Lean FI, even though I am planning on being single spending about $30k per year….
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Coast FIRE
I’ve officially hit the Coast FIRE milestone! Which means that if I wanted to start using all of my money right now rather than investing, I could. I could stop contributing to ALL of my retirement accounts and investment accounts and just coast all the way to retirement. Upon my arrival at 65, I would…
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Do You Ever Feel…
like you just don’t want to go to work?! Is it just me?? Today’s weather was amazing, which is rare here….and all I could think of was: I DON’T WANNA GO BACK TO WORK! I just wanna be free to hike and live and love my life without needing a job. When I tell people…
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457b Retirement Account
Everyone has heard of 401k accounts. Many people have heard of 403b accounts, which are the 401k equivalent for those in public education or non-profit organizations. I want to teach you about the hardly known, 457b account. Who is Eligible for Them? These accounts are also retirement accounts that are available for state and local…
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3 Simple Steps to Achieve F.I.R.E.
It might sound too good to be true, but honestly this is exactly what you need to do, as simple as it sounds. There are plenty of ways you can optimize savings, taxes, investments, account types, yada yada yada. None of that means anything until you have these three things down. If you are just…
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Calculate Your F.I.R.E. Number
I use FIRE and FI interchangeably because I can’t imagine wanting to continue working after I’m financially independent, so the day I become FI will be the day I RE. I have a short list of things I must have in order so that I can quit. Here’s the simple way to figure out what…
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Scariest Thing in The World
Am I being a little dramatic? I don’t think so. It physically makes me itch to think of continuing to work in order to live…for the rest…of my…life. Funnily enough, every person I’ve told this to in my life has had the exact same reaction, regardless of their age: I don’t think I could stop…