There is probably no luxury that I have done more of an about-face on over the past 20 years than luxury automobiles. My DW and I started out very humbly in our 20s when we got married. We were very practical: she had a 11-year old Ford Fairmont (boring, but mostly reliable). I had managed to drive a few junkers into the ground through college … Continue reading Grown-Up Guilty Pleasure – Luxury Cars
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 net worth individuals” – millionaires – and found that they … Continue reading Millionaire Next Door – Thomas Stanley RIP
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. I’m guessing that is much too low to reach the … Continue reading Bank Your Raises To Catch FIRE
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 strategies to do so. One approach says to pay off … Continue reading Living Debt Free – That’s Means The Mortgage Too!
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