“Everybody needs a budget!”, “build up an emergency fund of 3 to 6 months of expenses”, “renting is better than buying a house” – these are just some of the opinions and advice you can read on personal finance blogs. But is the (finance) world all black and white, or are there shades of grey, exceptions to the rules or cases where it depends? The blog article that received the most interest last month here on FIREhub tries to debunk…
WTF? Is Mr RIP trying to time the market? What’s wrong with him?
Another cheesy title by The Poor Swiss but hey, even though some of these myths are trivial it’s good to remind ourselves about them. (And please, please teach your friends about them!)
After paying back credit card debt (if you have any), build yourself a compounding machine. Patience is key once you have set up the machine, as The Escape Artist points out.
If your plan is to retire early with the 4% SWR you must know about the sequence of returns risk. The Poor Swiss wrote a good article about it.
“FI is not going to make you happy just by reaching it”. Michael writes about opportunity costs, risks, fulfilment, and the power of having options.
Yes, it’s worth looking at what successful people do, what their habits are. Some might not fit our lifestyle, others could be the key to reaching our goals or even setting the right goals. Read on…
“84% funded”, “only 14 days left” are just two examples of biases used by crowdfunding marketeers. The FIRE shrink analyses them with graphic examples at hand.
Will there be a recession? Yes. The question is: when? Media predict it nearly every month. So, what to do? MonkWealth has collected an entertaining bunch of charts, quotes and thoughts about recession.
Have you been subject to any of these biases before? Check out how to prevent them in Radical FIRE’s article.