FIRE Starter: Advice on Saving & Investing in Your 20s [Part 2]

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Zach is back with Part Two of his nine actionable tips for saving, investing, and growing wealth in your 20s. If you missed Part One, take a moment to get caught up, and then come back to read Part Two. The information in this series could change the rest of your life if you follow it. A Quick Reminder of Why I Started This Series For the astute observer, you will notice that I have added three new series to the blog: LateFIRE, FIRE Starter, and Chasing FIRE. Notice a theme? They all capitalize on the explosion – one might say the COMBUSTION – in the FIRE (financial independence retire early) movement. But let’s set the record straight: on the GYFG …

LateFIRE Chapter Three: The Price of Mental Illness and Addiction

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Catchy title, that…nothing like mental illness and addiction to make you feel all warm and fuzzy inside, right? Yeah, well. This is not the post I was going to write. I wanted to write about pensions, Social Security, and money tied up in our home’s equity. However, my husband and I recently went to the movies and saw Beautiful Boy, with Steve Carrell. It is the story of a father’s desperate journey to save a son from his own drug addictions. I don’t really know why my husband wanted to see it; it was a brutal movie to watch. Yes, it was an “important movie,” and it was well written, acted, directed. Realistic, yes. Too real, actually, for my taste. …

Goals

My 2019 Goals: Family, Fitness, Finance, and Fun

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Small habits don’t add up, they compound. You don’t need to be twice as good to get twice the results. You just need to be slightly better. — James Clear Not too long ago I used to set a monster list of goals. Over time I realized two things during my annual reflections: 1. I was putting things down on my goal list that I was already going to do anyway because it was automatic based on my habits; and 2. that 10 to 20 goals were way too much to accomplish anything meaningful. In November I finished listening to Atomic Habits and had another realization about goal setting. My big takeaway from that book was that it was the system …

Income Report

November 2018 – Detailed Financial Report #47 – Net Worth $895,001 | Income $35,396

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The final stretch of the year is upon us. I can’t believe that it is already December. I ended up completing the Tribe of Mentors book I was in the middle of last month and that officially ties up all 2018 loose ends for me. I ended up with a ton of book recommendations as a result of reading Tribe of Mentors. I was also pleasantly surprised that I had already read more than a few of the books that were recommended numerous times throughout the interviews. Here’s a list below of books mentioned two or more times, with those I have already read bolded: Man’s Search For Meaning (Viktor E. Frankl) The Better Angels of our Nature: Why Violence …

Chasing FIRE

Chasing FIRE Interview #2 – Max from Max Your Freedom

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Today we continue our Chasing Fire interview series (click the link to see all interviews in this series). I have always enjoyed reading and listening to interviews to learn how people got to where they are, so as to learn from the successes and failures of others. Each individual’s story and path is unique, and we can certainly gain insights from those generous enough to share their stories. My job as the host is to find interesting people that will inspire and motivate you, as well as myself. I plan to share one high-quality interview per month (maybe even less frequently) and the questions may change over time. I anticipate this to be an iterative process and I would love …

Odds & Ends In Preparation for 2019

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2018 is quickly coming to an end! The weather is cooling down as we shift from summer to fall and the holidays are just around the corner. I like to get a head start on planning for the next year by starting that process at the beginning of November and finishing by Thanksgiving. I’m not quite ready to share my goals just yet but there are a few things that I do want to share. My goals will be mixed, but this post will be dedicated exclusively to the GYFG financial arm. I’m currently in the process of laying the groundwork for our finances in 2019. I’m programming “the machine” so that most things will happen automatically. That’s right – …