Ready to take your life back from the 40-hours-a -week/40 years-till-freedom grind? Here we share the tips, hacks and resources for financial freedom through slow FIRE*: squeezing the most satisfaction out of every dollar spent. I started at 42 and retired twice, so I know you can too. Jump in - it's free to join and we are eager to hear your successes too!
*FIRE - Financial. Independence. Retire. Early
Search This Blog
Standard Tax Deduction Changes Make Carnival Headlines!
The Carnival of Personal Finance blogs are a great place to get a web-wide roundup of free financial advice. The Real Life Money blog on the changes to the Standard Tax Deduction (hint, you don't have to itemize to get a break for your real estate taxes) is linked below. But be sure and check out the Carnival of Fun finance tips first!
Maybe it's because I live in Louisiana. This part of the country drips with warm weather, great food and drink, and a constant stream of live music. And we share some of the same European "squeeze the juice out of every moment" daily lifestyle habits. Like the love of coffee. It's a $4-6 per day habit in my house, even when I make most of it at home. Some say cut it out of your budget, it's a waste. I say that's ridiculous. In fact, I propose that you cut something else out of the budget just to keep coffee in! Why? 1) It's good for your health (and this is from the people and research at Harvard , mon ami). 2) It's one of the best inexpensive ways to add a frugal juiciness to every day of your life. The Belgians love coffee so much that they serve chocolate with every cup -- free of charge. It's a visual If you want to immerse yourself in the Belgian way, check out this blogger's post about the Belg
Yesterday was my last day at Megacorp (gulp) and I'm not 65 years old yet, I'm not even 59 1/2! Anxious? Excited? Terrified? Yes, yes, yes. Is it something that you could do too? Yes, you too. Call it semi-retirement, retirement, a mini-retirement, early retirement, embracing the simple life, the mid-life crazies, taking a break from burn-out...I'm not sure what label fits yet. The truly kind people at Megacorp gave me a subtle kick-in-the-pants and I am eternally grateful. The choice was to conform to a job that just wasn't a great fit or get the heck out of the way. I took it as a sign from the universe to RUN, not walk, from a bad fit to finding th e people who need exactly what I have to offer. I may never work full-time again and just volunteer, or work by-the-hour, or even find another, better-fitting job - not sure yet. But I do know that this will test the financial freedom plan I'd been preparing for years. Nothing is more satisfying
Millionaires use Costco (or Sam's) They often buy pre-built homes, or foreclosures Have shoes resoled or repaired Have furniture re-upholstered Raise the thermostat setting on the air conditioner during the summer Thomas J. Stanley, Ph.D., author of the Millionaire Next Door, has compiled even more interesting insights into the Millionaire Mind that I believe we can all use to become more financially solvent, even if we never make it to millionare land. In my case, every $250 I add to my net worth is another day that I don't have to work for someone else. (note: Not wanting to be subject to a boss' whims seemed to be a big millionaire motivator, as well). Stanley interviewed 733 millionaires, or those who have a net worth of $1 million or more, and created the Millionaire Mind. The paperback edition is out now, and your local library probably has copies. Amazon's service selling the books used is also good, I've never had a problem getting a good used copy from