The personal finance radio host Dave Ramsey often talks about creating ‘generational wealth’ as the final step in his Total Money Makeover. He encourages people to think about how they can fundamentally “change their family tree” by building an uber portfolio that allows them to pass money on to their kids and even grandkids. I like to listen to Dave Ramsey and think he generally … Continue reading Fertilize The Family Tree?
It’s been a little more than 5 years since we started our Angel Investing Fund. The goal was to use the money that I made in the last year of my work career and do some good in the world. We called it our “One More Year Fund”. I made 6 Angel investments for our OMY Fund over the first 3.5 years. All of the … Continue reading Angel Investing – 2020 Update
The holidays are the giving season for charitable organizations, and if you are like us, your mailbox is overflowing with requests. We split up our charitable giving among causes that are close to us and ones that do good in the world at large. One of the challenges we have is weighing the relative impact our dollars can have on causes that are distant and … Continue reading Holiday Charitable Giving – Where To Focus?
I always think of the few weeks between Halloween and Thanksgiving as relatively ‘quiet weeks’ relative to the holiday hoopla that comes in December, but it is a very busy time of the year for board work. It seems that every board I’ve worked with picks these same few weeks to get in quarterly meetings before the end of the year. Board work has been … Continue reading Board Meeting Busy Time
People thrive with purpose. When you are working or have kids at home, your purpose is often derived from those things. When you early retire or become empty nesters, you need to find new sources of purpose. Some people do non-profit work, some get involved with their church, and some work on improving their community. People spend a lot of time looking for the right … Continue reading 40 Little Pieces of Purpose
I often say that the less I work, the less interested I am in working. I really enjoyed working, but I don’t miss it too much day-to-day. That said, when I do put on a business suit and ‘go to work’, I still find it very enjoyable. I recently got back from our quarterly board of directors meeting at ‘SmallCorp’ in Michigan. I call it … Continue reading Board Trip To SmallCorp
Like many early retirees, I worked ‘One More Year’ (OMY) beyond what I had originally planned. I was enjoying work and I had an idea to work OMY exclusively to raise money for a charitable fund. It was an idea that I originally wrote about three years ago in this POST. When I did leave MegaCorp for the final time, we had set aside my … Continue reading One More Year / Angel Fund Update
On Reddit recently, there was a post in the Financial Independence thread that asked Redditors what retirement “hobbies scream rich people?” That is, what activities signal that someone has a surplus of both time and money? I thought it was an interesting question and relevant to share because I noticed that a lot of the hobbies can be enjoyed by many people at a variety … Continue reading 15 Retirement Hobbies That Scream ‘Rich People’
I guess we are not retired anymore. Just when my wife and I were adjusting to our new life of leisure, our bliss has suddenly been interrupted by the clarion call of the workplace! No, I’m not working. I have quite a few friends and former colleagues that continue to be suspicious about my FIRE escape – and maintain their POV that I will be … Continue reading Going Back To Work?!
For those of you who have been following MrFireStation.com since early last year, you know about our plan to devote all of our final year’s paychecks and bonus to a good cause. We first wrote about our “One More Year” fund last April and gave more detail on the background on the idea and an update in December. To make us feel like we were … Continue reading One More Year Effort Becomes “Angel Fund”