Tag: spending

Honey, I Shrunk The Budget!

There..I just dated myself.  If you remember “Honey, I Shrunk the Kids” movie (1989), then consider yourself also dated! Regular readers of this website know about our big decision to move to India.  I’ve also shared in an update that our move and settling in went easier than I expected.  If you are new to […]

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Live It Up in Retirement!

After last week’s article explored why many multi-millionaires are worried about money, today we focus on another angle.   Not exactly millionaires, but affluent retirees are also worried about running out of money.  So, they chronically under-spend, leaving big portfolios and delighted heirs behind. Bloomberg’s article on this subject shared some interesting facts.  I will […]

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What Do The Rich Worry About?

Recovered from my big reveal last week yet? 🙂   Today’s post is an interesting segue while revealing yet another tidbit about me. I read an article recently in The Globe & Mail, a Canadian newspaper.   Yes, I do read magazines from outside the U.S.  Of course, I stick with English newspapers published around […]

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Moving Somewhere To Retire? Don’t Kid Yourself!

The Internet is open to all but is also home to many cozy bubbles that distort reality.  It is easy to extrapolate a very specialized, rare thing to a much broader population just because you spend a lot of time within a small group who believes in that thing, talks about it a lot, plans to […]

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Seek Independence From Money Prison

What an oddly-titled article from this website, right?  Trust me, it will make sense.  Read on… Does money drive your life?  It may sound ironic hearing this from a guy who has a monetary target to achieve, firmly planted on the name of this website.  But it is true.   Truth be told, I put up that big, hairy, audacious goal (BHAG) […]

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Financial Independence is Much Harder as a Couple

Love ain't FIRE

Love ain’t FIRE

It’s true.  Math and Science don’t lie!  I will prove it in this article. 

Getting to financial independence or retired early (FIRE) stage is not easy – it requires of years of persistent effort, discipline and an ability to think for yourself and often against the ‘grain’ of modern lifestyle and social norms.   Maybe one in a hundred people will have the wherewithal to reach FIRE.   So, the probability of getting to FIRE is say about 1%, whether you are a man or a woman.

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Why The Poor Stay Poor

This is not an easy article for me to write.  I now see this as an important counter to the other extreme I covered – life of a 1%er.  It brings back unpleasant memories from my time in Asia, during my corporate stint there.  Don’t get me wrong, we had a great time but the unpleasantness was for a different reason.  Asia is home to over 70% of the world’s poor people.   As is common practice there among all middle and upper middle class working households, the TFR household hired a part-time maid during our stay there. It was initially awkward to have a stranger spend couple of hours each day doing our chores but we slowly got used to it.

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