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. I’ve written before about Orman’s highly suspect financial expertise and … Continue reading Really BAD Financial Advice

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 of millions of people put a small amount of money … Continue reading Did You Play The Lottery This Week?

Hobbies That Cost, Hobbies That Pay

My friend Russ approached early retirement hobbies much smarter than I have financially.  He performs with friends in a rock band and I’ve enjoyed our sports car and participating in performance driving events.  While we’re both investing extra time into these hobbies that we enjoyed before careers and kids got in the way – I am investing a lot more money.     In fact, I’m … Continue reading Hobbies That Cost, Hobbies That Pay

Travel Framework Update – Bonus Trips

I published our FIRE Travel Framework a couple years ago and thought I would send out a link to it again today, as we have taken our big trips for 2018. Our budgeting for travel has worked out very well. We have been taking trips 4x a year – or roughly once a season since we stopped working: Sunny Winter Trips: Disney World, Los Cabos, … Continue reading Travel Framework Update – Bonus Trips

Amish Approaches to Financial Independence

Last week my wife and I had the opportunity to visit an Amish settlement in southern Minnesota.  We went on a three hour tour of Amish farms with a private guide who knew the families well and was welcome on their farms and businesses.  There are about 800-900 Amish that live in the area on dozens of farms.  It was really interesting to learn a … Continue reading Amish Approaches to Financial Independence