Hope you are having a great holiday season. As my son would say, ’sup friends? 😊 You may be wondering about the low frequency of posts this month. There is good reason for it. On this New Year’s Eve, I have some big news to share with you! While you have been enjoying your holiday, […]
Funny thing, this financial planning stuff. You are asked to guess, for the coming years or even decades, how much will you be spending every year, and how much income or growth will your money deliver, and also, when will you die! If we knew all of this with certainty, there isn’t much left to […]
Some time ago, I wrote an article about the famed 1%, suggesting it all depends on how you measure it and some of you may even be part of it! The 1% means different things in different contexts. Apathy Ends wrote a post titled Can you do 1% better showing how even a small increase in […]
Few of us are so lucky as Mr. Confucius advised. For vast majority of wage earners in the world, our job is not only a means to use our skills but increasingly the main source of income to support our life and family and to provide for our retirement (for those who have pensions or […]
Over the last 7 years, the sheer number of personal finance blogs that have appeared (including this one) is creating a ‘FIRE movement’ online. Many cubicle workers are getting inspired to join this journey. Soon enough, paid work will get re-defined to such a level that the sea of cubicles may become extinct. Anticipating the waning […]
The title is a line I often use with friends and even in comments I leave on other websites. There is no compulsion that financially independent people must retire early. In math, there is a concept called ‘necessary’ and ‘sufficient’ condition for a given outcome. Without getting into math, a real-life example will make the concept […]
Statistics tell you that you don’t need to be in the 7-figure net worth club to be part of the rarefied segment of top 1% in the world. It certainly doesn’t take much to be in the top 10%. Still, by definition, this means 90% of the world is not there and most are nowhere close. Granted, a […]
Recovered from election fever yet? As I said before, we will be persistent and will progress forward no matter who gets elected. Can we get back to business and personal finance? Good. Everybody wants money. Okay, maybe not these disciplined Buddhist monks going to their prayer hall. But even the slippers they wear cost […]
Opportunities in life are like a train in an impoverished country. You better get on it whenever you see one going in the direction you want. Otherwise, you don’t know when the next one will come!
This post is a confession of my screw up where I passed on a rare chance to retire early….real early. Read this tale and avoid the mistake I made, so you can catch the express train to early retirement. Otherwise, you never know if it will stop by your station again. (more…)
Most people work in jobs that drain their energy away. Faced with mortgage or rent, car payments, student loans, credit card debt and other IOUs, most of what gets deposited to your bank as your ‘paycheck’ is gone by the first week of the month. You still have 3 more weeks left before the next paycheck comes.