Exercise is an important part of any healthy routine. It is a guard against chronic diseases. It stimulates happiness inducing brain chemicals. And its a great way to keep weight in check. Getting the minimum 150 minutes of moderately vigorous exercise a week will leave you feeling happy, healthy, and mentally sharp. In case you’re curious, thats 30 […]
With a move to Washington DC on the horizon, transportation is top of mind. Beijing has about the best public tranportation in the world, something Washington DC will struggle to compete against. So Mr. FIRE Power is in the market for a FIRE-powered vehicle. Ranking expenses for the average American household, transportation comes in at […]
After a decade in China, Mr. FIRE Power is moving to Washington D.C. 10 years ago last month I landed in Shanghai China with freshly learned language skills and a set of big ambitions. I had not heard of financial independence at the time, but the lifestyle choices I made in those early days would […]
There are a number of budgeting and personal finance applications on the market today that aggregate financial account information in one place to offer users a holistic picture of their finances. Many do not cost money, and can be helpful for those unwilling or unable to create personal spreadsheets or data bases to track financial […]
The hard work of financial independence begins with a budgeting exercise. To develop more sustainable savings habits, we first need to understand what we spend. The next step is the sometimes-painful adjustment to a more frugal lifestyle. That usually means more dinners at home, rethinking entertainment, and limiting major purchases. I went from 10 percent […]
In the original post I wrote, “[this blog] will cover the shifting nature of work brought about by technological disruption. Financial defense now is critical to prepare for a future of disparate employment, declining pensions, and deterioration of the traditional concept of career.” Beyond the many of the benefits financial independence brings about, fear of this change […]
High savings. Low spending. We’ve established that is the key to financial independence. Over the past few months we’ve discussed a number of passive investments ideal for growing wealth, primarily through index and exchange traded funds. These are super vehicles, but even when the average long-term investment return is 7 percent, there are plenty of […]
Last week, the Wall Street Journal published an article on the business and leisure travel of Tom Donohue, the president of the US Chamber of Commerce. During 12 days in May, Mr. Donohue traveled from Washington DC to Greece, Tokyo, and Beijing. The entire trip was flown on private charter, the first half of which […]
Many starting out on the road to financial independence (FI) look for high quality resources. Before purchasing this book, I read a post about a new FIRE documentary . The author discussed what everyone gets wrong about the FIRE lifestyle before lamenting the scrutiny from the mainstream media. To illustrate this point, he referenced a […]
The same day this blog began, an Instagram account with the handle mydailyomelette also went live. The idea was to take an activity I really enjoy and turn it into a commercial enterprise. I read about the many social media “influencers” who drive tens of thousands of followers to purchase products and services advertised on […]
