Credit Scores – Must Everyone Have One?

We were discussing college kids and getting credit cards with some friends recently and I admit I am a bit hesitant to suggest to my son that he get a credit card. He has a debit card that works just fine for him, but I guess he is not building up a credit history that…

Financial Failures – Taking Loans From 401k

Earlier, I wrote a few posts on financial failures on our route to financial independence and early retirement (FIRE).  The idea was to share that everything hasn’t been challenge-free on our route to a life of goofing off. Today’s story isn’t patently a financial failure, but it runs completely counter to the advice that you…

Millionaire Next Door – Thomas Stanley RIP

  It is with true sadness that I read that Dr. Thomas Stanley, co-author of the Millionaire Next Door, was killed recently in an unfortunate car accident.  Reuters wrote that “Stanley was killed Saturday afternoon when a car slammed into his vehicle near his home in Marietta, Georgia.” Stanley researched the lives of American “high…

Bank Your Raises To Catch FIRE

Saving for FIRE is the last thing on the minds of most people.  Although almost everyone dreams of being financially independent and retiring early, very few are doing anything about it.  Americans saved just 4.4% of their income in 2014, according to the latest figures from a report from the U.S. Bureau of Economic Analysis.…

Living Debt Free – That’s Means The Mortgage Too!

How can you find a secure 5-15% return on your investment with NO risk at all? Simple – start paying off your debts. The FIRE lifestyle begins with paying off the bank, credit cards & mortgage. Debt is a four-letter word that needs to be banished from your financial vocabulary. There are a few simple…