Ready to quit your day job? There's a trend among some personal finance gurus called FI/RE -- financially independent/retiring early. It means being able to reach a point where you have assets (investment accounts or rental property) that earn enough income to cover all of your expenses. In other words, you're rich enough to quit.
But for most people, getting to financial independence means making some big sacrifices and getting very creative with their spending…Continue
In trying to be smart with our money, sometimes we damage our long-term financial future. Here are some such common mistakes, and how to go about avoiding them.
We all intend to do the right thing with our money but sometimes our decisions and actions harm, rather than benefit, our financial situation. Typically this happens when you are in a hurry, or have not thought it through or not tailored a…Continue