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.
Gaining financial independence requires discipline in saving and investing so staying the course is vital. Staying optimistic will provide motivation over the long term.
Route2FI shares his learnings with us, they are not only about investing, but also about reading, goals, finding like minded people or embracing his personality.
If you invest in index funds/ETFs and you’d like to understand how safe or risky it is to rely on the stockmarket, you need to know about the trinity study. The Poor Swiss gives us an overview.