6 Savings Accounts with the Highest Interest Rates
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 […]
Book Review: Playing with FIRE
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 […]
Comparing a Low-Fee Index Fund to a No-Fee Index Fund
After multiple rounds of interviews and writing tests, on May 31, 2012 I received a letter to work for my current employer. The letter outlined salary, healthcare, and other expected benefits, but one benefit stood out to me. “After a year’s tenure, the organization will provide an employer-sponsored SEP-IRA account (currently set at 10% of […]
Confront Lifestyle Creep with these 4 Tactics
I was sitting at the dinner table with my buddy Nick in Colorado last month. He was telling me a story about the stellar sales year of one of his direct reports. Lets call him Tim. His base salary was around $60,000 per year. The bonus from his terrific sales numbers was $50,000. That’s a […]
The Path to Wealth is Paved in Passive Investments
Financial independence is achieved through low spending and high saving. Indeed the two concepts are expressly linked. After spending is under control, the next step is figuring out how to save. Sorting the innumerable investment options can be overwhelming. With everything from stocks, to real estate, and even crypto currencies (please don’t invest in crypto […]