It is 7.15 AM on Saturday morning and I am doing my weekly check on my finances. Yesterday was payday and my bi-weekly salary hit my checking account. I let the transaction settle from the previous day before making any money-related moves and transfers.[Read more…] about My Financial Discipline 101
Never having to work again at age 40 – that sounds great, doesn’t it? But would you give up your car now, eat cheaply, repair a lot of items yourself (DIY) and only buy used things to make it happen? Because that’s exactly what so-called Frugalists do. What this life feels like and what we can learn from the Frugalists’ savings strategies – I will tell you right here and right now”[Read more…] about Frugalism – 9 Rules to retire at age 40
Roughly one year ago I wrote a review about a book written by Kristy Shen and Bryce Leung. The book is called “Quit like a millionaire” and describes their effort and path to early retirement. They were able to retire at the young age of 31 and then decided to travel the world. I had heard about the book from the ChooseFi podcast and had high expectations.
If you have read my book review, you know that I was not really impressed by the book. While the overall story was very interesting, the book by itself is an average book. I felt the FIRE community really hyped the book up way too much. The author’s style to write is “unique” in a way and a lot of questionable language terms are used.[Read more…] about Quit Like A Millionaire Book Review Follow-up
August has come and gone. I am crazy amazed how time is flying. Here is my financial update for last month – with mostly covering one specific financial topic. A lot of stuff is in motion and I am looking forward to the next 2 weeks to complete what we started just a few weeks ago.
The biggest news is that we are taking advantage of the lower interest rates to refinance our house. We moved into this house in April 2017 using a 30-year mortgage to finance a portion of the purchase. We have been making extra payments here and there and made good progress to get this sucker paid off earlier.[Read more…] about August 2019 – Financial Update
Published just a few weeks ago (at the time of this writing), I can say that I really enjoyed reading this book. 2019 has been the year where I spent a lot of time reading FI (Financial Independence) related books and so I discovered “Quit Like A Millionaire” written by Kristy Shen and Bryce Leung. This book is about a young couple reaching financial independence at the young age of 31. The book caught my interest right away, but I had to wait as it was not published yet when I heard about it. Please read my follow-up review here.
I immediately had it pre-ordered via Amazon (please read my disclaimer about Amazon links at the end of this posting) and then indulged in reading the content the moment this book arrived.[Read more…] about Quit Like A Millionaire – Full Review
The fear of running out of money during retirement is a real beast for many Americans. How about yourself? Have you saved enough money for a comfortable retirement? How about your social security benefits? Can you wait until age 67 or maybe even later to claim the highest possible amount? Or are you forced into applying for social security benefits early – having to take a lower payout rate?[Read more…] about Are you afraid of making decisions?