Financial Independence Archives - Page 2 of 2

A Letter to My Future Self

Congratulations! After nearly a decade of hard hustle you reached the status of being financially independent. I’m writing this post… This letter, whatever, to address some of the concerns you may or may not have at this moment. To be honest, I’m pretty sure you don’t have them… But being careful as you know we are, let’s …

How to Save Money to be an Early Retiree and Gain Financial Freedom

This is a guest post by Linda Richardson. She summarizes some of the key points a person should address in order to switch from planning for retirement to planning for early retirement, as well as giving a few ideas about where to start saving, especially for readers living in US. Enjoy! How is it possible …

We Have No Other Choice

“Find a job you love and you will never have to work again.” I remember how comforting this sounded when I was starting my career… As an ambitious and passionate enthusiast digesting everything he found on Computer Science and Software Engineering. Fast forward to today, I have one tip to share: Do what you love. …

Watch These Videos (November 2019)

With my September monthly update (Recession Prediction and the Media) getting some good feedback, I thought about utilizing a similar format of referencing material I found interesting on relevant topics. But first, as this is a monthly update itself, let’s give some brief updates. My cryptocurrency portfolio was bleeding slowly throughout the month so I …

What is FIRE? The 5 Levels of Financial Independence

So, what’s FIRE? The abbreviation stands for Financial Independence / Retire Early. What it represents is the state in which a person doesn’t have to rely on a salary in order to sustain his lifestyle and stops working. This occurs when a person’s passive income or investment returns exceed his monthly expenses. For example, take …

5 Misconceptions About Financial Independence

I’ve done the mistake of talking about my early retirement plans and pursuits with people who were not ready to hear them. How does that happen, you might ask. Usually, a person expresses a seemingly sincere interest into what I do in my spare time, but once I start opening up about financial independence, without …

Geographic Arbitrage – The Secret to Early Retirement in Europe

Every person who researched FIRE, especially those in higher earning fields, eventually came to the realization that the USA is the easiest country to “make it” in. And this doesn’t only include the difference in the salaries for engineers, which under the same conditions and skillets are incomparable to most other countries, but on a …

The 4% Rule – How to Find Your FIRE Number?

The 4% rule is well known among investors in the stock market aiming for financial independence. But most people either never heard of it or aren’t sure what it represents – and if you’re one of them, this post is for you. The 4% Rule refers to the SWR (safe withdrawal rate), which is the …

Why FIRE?

If you read some of my posts or followed me for a while, you probably have a pretty good idea what I’m about. You know that I’m advocating frugal living and promoting financial intelligence, in the form of a capitalist embodiment of a Monk on a quest for FIRE. And even if you understood my philosophy and way …