Chasing FIRE

Chasing FIRE Interview #5 – Cody from Fly to FI

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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 your feedback in …

Income Report

January 2019 – Detailed Financial Report #49 – Net Worth $1,046,938 | Income $27,522

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Poof! January has disappeared, and with it went 2,678,400 seconds. And you thought money was slippery? At the end of the day, money is only a measure of how much time freedom you have. If you think about the 4% rule, its basic premise is to accumulate 25X your desired annual burn rate in order to sustain you for a 30+ year “retirement” (in quotation marks because everyone’s definition of what this looks like is different). You have to dive a level deeper to realize that, before any appreciation, dividends, interest, or rental income, “25X” is really a measure of time –  25 years worth of living expenses – in today’s dollars. That is 25 years worth of TIME FREEDOM! Financial Independence …

From the Mailbag #3 – BK Shares His Success Since Reading The Blog

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“My takeaway from these past three years is to take massive action and to continue adding value to people around you.” – BK It’s been a while since I shared a piece from a reader writing in. The previous two email conversations I shared were from readers seeking some guidance, but today we have a reader sharing a success story. I don’t know about you, but I’m a real sucker for success stories.  RELATED: From the Mailbag #1 – Savings, Investments, Credit, and Debt RELATED: From the Mailbag #2 – I Want More, Can You Help? Below, BK shares his success in doubling his salary in just over three years. He realized that fortune favors the bold and asked for more …

FIRE Starter: Advice on Saving & Investing in Your 20s [Part 3]

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Zach is back with Part Three of his nine actionable tips for saving, investing, and growing wealth in your 20s. If you missed Part One or Part Two, take a moment to get caught up, and then come back to read Part Three. 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 …

0% Interest

Confession: I’m a Sucker for 0% Interest Offers

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Not too long ago I came clean about my love affair of ten years. Today, I’m back at you with another confession. Please don’t be too quick to judge me until you read through the details. I’m a sucker for 0% interest. There. I said it. Well, I’m not a sucker for just any 0% interest offer – it has to be the right offer. My first experience with a 0% offer was back in college when I signed up for a credit card that came with 12 months of 0% interest. This was back when my savings account was paying 5%. So for 12 months, I played the arbitrage game and charged everything I could (tuition, books, groceries, gas, etc) …