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Category: early retirement
Death isn't a topic most people want to spend their free time thinking about. However, planning can help you do everything you can to ensure your loved ones are not left scrambling after you pass away. What is an "in case of death binder"? A death binder or in case of death file is a … Continue reading How To Build An “In Case of Death Binder”
Are you interested in learning how to pay off your mortgage early? Have you ever dreamt of what life would be like without a mortgage? What would you do without your monthly mortgage payment? Now that I’ve got you thinking, you are probably wondering how you can make this possible. To get you even more excited, … Continue reading How To Pay Off Your Mortgage Early – Everything You Need To Know
One problem with retiring early is that you can’t access your tax-sheltered retirement accounts until 59 1/2 without taxes and penalties. Luckily the Roth IRA conversion ladder can help solve this problem. A Roth IRA conversion ladder entails moving your money from a tax-deferred account, such as a 401(k) or traditional IRA, into a Roth IRA. … Continue reading How And Why To Set Up A Roth IRA Conversion Ladder
Most people are familiar with some of the different insurance policy types. Are you a car owner? Then you know you need to carry coverage to be on the road. Ever borrow money to buy a home? Your lender likely required you to get homeowner's insurance to protect this big purchase. While these may seem like enough, … Continue reading 9 Types Of Insurance You Need But May Not Have
As one of your most valuable assets, you need to consider which tasks you are spending your time on and if they are worth it. If they aren’t, you can free up your time with money. Frugality is so important for establishing your financial foundations. So, it makes sense to DIY the easy, or easy to … Continue reading When Should You Free Up Your Time with Money
If you’re young, you’ve got a secret weapon. A HUGE secret weapon. Think on the scale of the Kryptonite that’s designed to bring down Superman. We’re talking about compound interest, and yes, compound interest is that powerful. Even Albert Einstein said that “Compound interest is the eighth wonder of the world.” And we all know … Continue reading How Compound Interest Will Make You Rich
Arguably, the two pillars of obtaining FIRE are knowing how to save and invest. When you’re just starting out, it can be a bit overwhelming. There are so many different types of investments to consider – Stock vs Bond, Roth vs Traditional IRA and 401k, just to name a couple. So many questions you may have – … Continue reading The Basics of Investing For F.I.R.E (Financial Independence Retire Early)
The 401(k) is a common financial tool for building up retirement savings. Not only does it offer tax advantages, but some employers match their employees’ contributions. If you’re starting a new job, opening and contributing to a 401(k) is almost always a good idea. But should you put your money into a traditional 401(k), as nearly … Continue reading Roth 401(k) vs. Traditional 401(k) | Similarities, Differences, and Examples
If you think building up enough cash reserves and income to retire within ten years is impossible, think again. The reality is, early retirement is absolutely possible. All you need is some education, some street smarts, and dedication to your goals to make it work. Don't believe me? If retiring early sounds unrealistic, consider a few … Continue reading How To Retire In Less Than 10 Years
We live in such a remarkable time. It’s never been easier in history to make enough money to live a life you love. People even 20 years ago would be so jealous of the opportunities we have today to live the life we want. We can work anywhere. Travel the world for less. This is … Continue reading What Is the FIRE Movement? 9 Steps to Financial Independence Retiring Early
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