CHASING FIRE INTERVIEW SERIES

FIRE Starter – The Non-Financial Side of the Rent vs. Buy Debate

Zach Financial Analysis Leave a Comment

You can find all of Zach’s previous posts here. Today, Zach is going to discuss what often becomes a very heated debate in personal finance circles. It’s easy to do the math to find the optimal financial decision, but not every problem should be solved with math alone. It’s a little like trying to build a house with just a hammer: when you have just a hammer, everything looks like a nail. I know…this goes against my mantra that “the path is all math.” But sometimes personal finance gets, well, personal! Many people forget to account for the time and emotion variables that should be weighed in conjunction with the math.  I hope you enjoy Zach’s latest FIRE Starter post …

CHASING FIRE INTERVIEW SERIES

FIRE Starter – What to do When You Hit the Upper Limit of Your Savings Rate

Zach Financial Freedom 1 Comment

You can find all of Zach’s previous posts here. Today, Zach is going to discuss some options available to the Freedom Fighter who feels that he or she has hit the upper limit of their savings rate. If you have followed this blog for any length of time you know that the approach I preach is #2 below. I agree it is prudent to get your expenses in check, especially early on in your journey, but we don’t preach the ultra-frugal lifestyle on this corner of the internet. In my opinion, extreme frugality is for the birds, and relative frugality is the shiznits!!! I hope you enjoy Zach’s latest FIRE Starter post below. First, a Quick Reminder of Why I …

CHASING FIRE INTERVIEW SERIES

FIRE Starter – Why Owning Assets Leads to Wealth & Freedom

Zach Financial Freedom 1 Comment

You can find all of Zach’s previous posts here. Today, Zach is going to discuss the importance of owning assets to build wealth and achieve freedom. Your worst enemy in your pursuit of Financial Independence is only being able to generate income by trading your time for dollars. This model doesn’t work, because in it, as soon as you stop working the money stops flowing. This is why it’s so important to create a gap between your income and your spending (that gap is filled with your savings). Remember the golden rule to financial independence is to spend less than you make and invest the difference wisely. You invest by acquiring assets, which in turn appreciate in value and produce …

CHASING FIRE INTERVIEW SERIES

FIRE Starter: What Would Personal Finance Look Like If It Were Easy?

Zach Words To Live By 1 Comment

Zach spent his first three posts providing us with nine actionable tips for savings, investing, and growing wealth in your 20s (part I, part II, and part III). The information in that series has the power to change the rest of your life for those who follow it. He then shared “How Creating a Side Project Can Boost Your Marketability and Income” and “The Power of Habits.” Today Zach is going to discuss what personal finance would look like if it were easy. For the newbie, personal finance can be daunting, scary, and frankly unmanageable by a mere mortal. But what if you could suddenly have it all made easy for you? Zach is going to help humanize the whole …

CHASING FIRE INTERVIEW SERIES

FIRE Starter: The Power of Habits

Zach Words To Live By Leave a Comment

Zach spent his first three posts providing us with nine actionable tips for savings, investing, and growing wealth in your 20s (part I, part II, and part III). The information in that series could change the rest of your life if you were to follow it. He then shared “How Creating a Side Project Can Boost Your Marketability and Income.” Today Zach is going to discuss the power of habits. Our habits are either working for us or against us. Personally, I can attest to life-altering outcomes resulting from habits I developed. Don’t underestimate the power of your habits (current or future). I hope you enjoy Zach’s latest FIRE Starter post below. First, a Quick Reminder of Why I Started …

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

Zach Investing 1 Comment

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 …

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

Zach Words To Live By 1 Comment

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 …

FIRE Starter: Advice on Saving & Investing in Your 20s [Part 1]

Zach Words To Live By 10 Comments

Last month I shared the first of a series of interviews with you. Zach, the newest GYFG team member, was the first to be interviewed. Going forward he will be a regular writer for the GYFG blog. He is 24 years old and killing it. His wisdom belies his age and is a great example of how to get started off on the right foot, financially and otherwise. At 32, I find myself on the older end of the millenials’ age range, which in 2018 is 22-37, according to the Pew Research Center. Guys like Zach have got me thinking that there is a younger part of my generation that may not be able to relate to where I am in life personally. …

CHASING FIRE INTERVIEW SERIES

Chasing FIRE Interview #1 – FIRE Starter: Zach

Zach Interview 9 Comments

Today we begin a new interview 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 the comments (or via email: dom@genyfinanceguy.com).  First up …