Thankful Thanksgiving

We find ourselves thankful for so many things this year as the long Thanksgiving holiday weekend arrives and we get together with family & friends. Three years ago I was putting the final plans for our FIRE escape into place before early retiring. Our relatively free & independent lifestyle since then has been amazing. I…

Mid-Term Elections – Historical Impact on Investors?

Last week Americans voted in the midterm elections, which yielded a ‘comeback’ for Democrats and a split legislature in Washington DC. The media weren’t sure what impact that would have on investors, with MSNBC publishing two articles (within hours of each other) stating that the likely government gridlock was both the BEST and WORST thing…

Sunshine Funds – Budgeting Our Individual Fun Money

How do you manage your spending with your spouse?  How do you ensure that your spending is ‘fair’?  Do you use combined accounts?  Separate accounts?  A hybrid approach?  Today, I thought I would share the approach that Mrs. Fire Station and I use, which leverages a unique concept we named “Sunshine Funds”. First, all of…

Getting Your Eyes On The Prize

I just came across a couple interesting articles about envisioning your early retirement and saving for early retirement and how those two things relate to each other. The first article, from MoneyWatch relates the top ten words that MIT researchers heard from people when they think about “life after their work careers”. They are pretty…

Health Insurance for 2019 – First Take

Tomorrow is Election Day.  It far exceeds April Fool’s Day in terms of the number of people who get pranked!  A lot of this year’s focus continues to be on health insurance, so with November Open Enrollment now here, I thought I would take a quick look at what premiums we are likely to pay…

Really BAD Financial Advice

If you follow personal finance news at all, you may have recently seen Suze Orman making headlines by throwing up all over the FIRE (financially independent & retired early) movement.  When it comes to FIRE, she says she “Hates it. Hates it. Hates it.” and it may be the “dumbest personal finance decision” people can make.…

Did You Play The Lottery This Week?

I didn’t buy a ticket for this week’s $1.7B MegaMillions lottery.  While I love the basic idea of getting a chance to be an instant billionaire, doing the math on the odds spoils the fun for me. While now commonplace, lotteries are certainly one of the most interesting social concepts of all. “Let’s have tens…