Do Low and Negative Interest Rates Scare You?

Do Low and Negative Interest Rates Scare You?

A couple of weeks ago, I brought up the idea of negative interest rates with my nine-year-old daughter, Faith. Yes, this might be something a little weird to talk about with your kid, but it piggy-backed off of our personal finance class during homeschooling.  And of course, I kept it pretty high-level. I had kept it simple talking about how banks pay interest to people who store their money there.  The banks then take that money and loan it out to others and charge a higher interest rate to them for things like buying a home. These concepts are important for kids to understand.  Eventually, we can talk about some of the causes and effects, but for now, that’ll suffice.

Did These Flip-Flops Lead Us to Financial Freedom?

Did These Flip-Flops Lead Us to Financial Freedom?

People hear that my flip-flops are now over 12 years old and love to say, “No wonder you were able to retire!”  But are my old shoes the reason we were able to reach financial freedom? You might decisively be thinking that’s silly, but let’s talk about this a little more before you jump to a conclusion. I think we all know that my shoes aren’t going to be the reason we were able to retire early. But, I can also tell you that these flip-flops could really be a symbol representing part of what made it possible. Being able to save more money means you’re either making more money or you’re spending less of it. In our case, one

Guest Appearance on the ChooseFI Podcast

Guest Appearance on the ChooseFI Podcast

I’ve been wanting to be a part of the ChooseFI podcast shortly after it began.  Jonathan and Brad launched the show at the end of 2016 and quickly took the FIRE community by storm! It’s a fantastic podcast helping to discuss the path to financial independence.  They bring on various guests to examine different aspects and strategies of reaching FI. What’s really great though is that they also focus quite a bit on enjoying the journey along the way.  I fell trap to missing that important piece for a little while during our route to retirement. The discussion tends to be very insightful and honest.  Brad and Jonathan are open and talk not just about the positives but also the

How to Get a Million Dollars for Your Nest Egg

How to Get a Million Dollars for Your Nest Egg

By early 2017, we had finally built our net worth up to over a million dollars.  It was a great feeling to reach that milestone, but it didn’t really change things for us – we just continued to follow our plan. When I left my job at the end of 2018, we had a net worth of about $1.1 million and, thanks to the bull market still pushing ahead, it’s roughly $1.2 million right now. I’ve written a few posts talking about the relevance of the infamous $1 million number: $1 Million Net Worth… Now What? Is One Million Dollars Enough to Retire On? Being a FIRE Millionaire Doesn’t Mean You’re Rich Some folks look at that as an amazing

Why Not Keep Working and Saving? Are You Stupid?

Why Not Keep Working and Saving? Are You Stupid?

I’m only 43 years old right now (Ok, fine – I’m pushing 44!).  But this is still prime time to continue on with my career.  If I were to keep working, I could build up an even bigger and more secure nest egg. So why don’t you do that?  Why did you leave your job and retire early?  Are you stupid or just lazy? Haha, talk about cutting to the chase! I actually love when others ask me questions about our plans because it gets the conversation going about financial independence. Personally, I don’t feel like everyone needs to retire early from their jobs.  If you enjoy what you do, more power to you.  But I do feel that financial

8 Financial Tips I Wish I Knew When I Was in My 20’s

8 Financial Tips I Wish I Knew When I Was in My 20’s

My nephew recently started reading this blog and it got me thinking.  What would be valuable information for him as a reader?  What do I wish I knew when I was younger? He’s almost 20 years old and he just started a career in construction probably close to a couple of years ago.  At his age, I know I wasn’t very smart financially.  Don’t get me wrong – I thought I was, but looking back, I made some stupid decisions. So, like any old man, I almost feel obligated to pass along some of the knowledge I wish I knew back then to help him out.  And yeah, 43’s not that old, but I’m not getting any younger! Do you