Kevin over at Financial Panther is the king of side hustles! I first met him back at FinCon in 2018. He was a full-time lawyer back then but has since transitioned to a full-time hustler! At any given time, Kevin is actively working on 15-20 side hustles. No kidding - you can check his monthly side hustle income reports he posts each month! In today’s post, Kevin’s gonna
Net Worth Report #3 – “Cup of Tea”
Well, paint me green and call me a pickle! Last month the Dow Jones industrial average experienced its biggest monthly gain in more than 33 years!! The last time this happened was the month of January1987! But then, just 9 months later in October 1987, the Dow recorded the biggest single *daily* LOSS ever. “Black Monday” they call it (or in Australia they called it Black
Sequence Of Returns Risk – Why You Should Care
Sequence of returns risk? Sounds like something only old, rich, retired people have to worry about... As long as I save up 25X my annual expenses and hit my FI number, I never have to worry about money ever again, right? Wrong. Sequence of returns risk is the No. 1 risk that can cause early retirees to run out of money. So pay attention my young FIRE friends... this stuff
Happy Thanksgiving! Here’s Some Good Reads From Around The Interwebs…
Happy Spanksgiving! 😉 Hope you’re all safe and enjoying the holidays :) Here are some fun and interesting personal finance reads from around the web... ****** The Best Chrome Extensions For Online Shopping $$$ by Route to Retire - Since it’s Black Friday today, and Cyber Monday is around the corner, check out these Chrome browser extensions that help save
The Season of GIVING… Giving Back and Giving Thanks!
The giving season has begun! Growing up in Australia, we didn’t celebrate Thanksgiving. Actually, there’s no national holiday even like it down there. After moving to the USA, Thanksgiving quickly became my favorite holiday. This will be my 13th year celebrating! What I love most about this holiday time is seeing everyone actually showing and expressing thanks, together
How to Save Money in College
[My buddy Fiona, a.k.a The Millennial Money Woman is a financial ninja! She graduated college debt-free by working 50-plus hour weeks (on top of her regular class and study work) and earned a Master of Science degree in Personal Financial Planning. She’s also a CFP®, and now helps others take control of their financial lives and achieve financial freedom early in life! All
Bustin’ a Few Myths About the FIRE Movement
For every “movement” where a group of people band together and try to improve their lives, there will always be a handful of nay-sayers trying to discredit the cause. The financial independence FIRE movement has a bunch of these haters. And while some concerns about early retirement might be legitimate, the most common objections I usually hear are myths (or personal limiting
The TINA effect – There Is No Alternative
Have you guys ever heard of this thing called the Tina Effect? I just learned about it and found it really interesting. It might shed some light on why sometimes the stock market rises, even when global growth slows down. Kind of like now, in this weird pandemic! Fun fact: Apparently “Tina” is also a slang word for crystal meth! But, we’re not talking about that today - drug
Budgeting for Healthcare in Early Retirement
[Many FIRE walkers (including myself!) underestimate the cost of healthcare in retirement. It could be because we don’t track our costs accurately, don’t monitor our employer contributions, or forget to account for healthcare completely! Guest authors The Dragons on FIRE explain in today’s post the importance of tracking, budgeting, and planning for healthcare, as well as how
Net Worth Report #2 – “One Little Duck”
Before getting to the net worth update, 2 quick things to share... The first is a comment I received last month from a reader, Max S.: “Good Morning Joel.. I finally did my first net worth report. After all that time hearing JMoney telling us readers to track our net worth I just never got around to it. Seeing your first net worth report motivated me to do my first report.
