I have commented before that Mr. FireStation is a pretty boring investor. My belief has always been that slow & steady wins the race. Our son, however, has delved into the mysterious world of cryptocurrency, which if you are not familiar with it, perhaps sounds like something only Superman would use. Beginning in January, when we were vacationing in Mexico, our 19 year old son … Continue reading Cryptocurrency – Fad or Future?
Today is the first day of a long summer weekend trip to Chicago for our family. We live in the Twin Cities – just about 400 miles away – but haven’t gone to Chicago for fun in more than 15 years. I’ve been there dozens of times on business – we even used to fly down and back for lunch meetings at our ad agency … Continue reading FIRE Travel – Life On A Different Track
Last week I had the pleasure of enjoying dinner with a good friend that I haven’t seen in more than 15 years. Michael and I were long-ago colleagues at a now distant MegaCorp and I have always enjoyed his perspective on life, family, and happiness. This is a guy who does a great job prioritizing all three and not letting work, money, and business get … Continue reading The Best Things In Life Are Free (and Outdoors)
No words of wisdom from the FIRE Station this morning – just some interesting numbers to put your journey to FIRE into some perspective: AGING 50% of Americans are retired at age 63 18 years is the average length of retirement 13% of the US population is over age 65 today 6.1K Americans turn 65 each day 10.K Americans retire every day 55% of Americans … Continue reading Numbers To Put Your FIRE Journey In Perspective
This is the second post in our summer travel series and I thought I would feature one of my favorite cities in the whole world, Barcelona. If a city every stood by the name ‘colorful’ – it would be Barcelona. On a hot summer day & night, there is something truly magical about the Catalonian capital that give it a funky, laid-back, and romantic vibe. … Continue reading FIRE Travel – Barcelona, Spain
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 might typical hear as you build your retirement nest egg. … Continue reading Financial Failures – Taking Loans From 401k
We declined on rejoining the boat club we belonged to for the last five years and now that the weather has jumped up into the 80s, I’m wondering how much we will miss it? Financially, it certainly was a terrific deal. We paid $3K a summer and had unlimited uses of a terrific fleet of speedboats, cruisers, pontoons, and water ski boats. I wrote in this … Continue reading FIRE Station Fun – Boat Life
Many people are concerned about the impact of the Baby Boom generation will have on stock market returns. The fear is that with so many people retiring at once – and cashing out their retirement accounts – Wall Street is sentenced to lower than historical returns over the next 15-20 years. Baby Boomers, currently aged 53-71, according to Pew Research, are half into retirement … Continue reading Baby Boomer Retirements Won’t Hold Down Market Returns
Readers that know me know that I spent my career working for MegaCorps and largely running branded food businesses. My job was leading a team to figure out the best way to get consumers to choose our soup, yogurt, granola bars, or frozen pizza over our competitors – which included the low priced store brand. With TV advertising, cents-off coupons, new flavors, sponsorships, “new & … Continue reading FIRE Savings – Store Brand vs. National Brand Products
One of the funny things about being retired early is that people are always suggesting jobs that you can do. People say, “Oh, you should get a job as a golf course ranger,” or “With your extra time, you could get a side hustle flipping houses”. Many people focus on what you have given up – a job – and forget all that you gained. … Continue reading FIRE Station Fun – Gaining Work?
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