Debt is a four-letter word for anyone looking to retire early. In fact, it should be for everyone. Still, despite our relative prosperity, Americans are more in debt than ever. It looks like total consumer debt is 15% higher than it was before the pandemic. All of the stimulus money had only a temporary impact on debt levels … It’s one thing to be sitting … Continue reading Debt Getting Very Expensive
The media keep telling me that inflation is moderating, yet the 4 bags of groceries we bought at SuperTarget today cost $189. What’s going on with inflation?? I’m not the world’s savviest investor, but I’ve done all right. I’ve always looked to the 10 Year Treasury Yield as a decent indicator of what is expected with inflation over the longer term. As you can see … Continue reading What’s Really Going On With Inflation?
There’s increasing pressure on raising retirement ages in the world. Many countries are moving in the direction of raising the retirement age used for their national pensions. Other countries are pretending that their national programs are robust & funded appropriately just the way things are, but they math isn’t in their favor. In the USA, Republican candidate, Nikki Haley, is calling for Social Security reforms … Continue reading Where Are We Heading With National Retirement Ages?
One thing I don’t write a lot about in this blog is how I write this blog. I started it back in January 2015, when I was 15 months from executing my FIRE Escape. I began sharing since I didn’t see a lot of detailed, first-hand accounts of people that had reached financial independence & retired early and was craving information like that for myself. … Continue reading Blog Milestone …
It’s been quite a few years since I commented on Independence Day. If you value the freedom and autonomy that come from reaching FIRE (financially independent & retired early), you probably have an American flag flying in front of your house this holiday weekend. Related: Freedom For Our Nation & For Ourselves Unfortunately, our government representatives are letting our economic freedoms slip. The Heritage Foundation … Continue reading Our Economic Freedom
If you follow the financial headlines, you’ll see that ESG practices are shaking up the realm of investing. ESG stands for Environmental, Social, and Governance, and it’s all about considering sustainability and ethical factors when making investment decisions. Of course, someone has to determine what is sustainable and ethical. That’s where the rub is. Recently, three tobacco companies were judged much higher than EV darling … Continue reading ESG & Index Funds
It seems every generation wants to dump on the next one. Or, the one before it. Boomers complain about Millennials and Millennials say, “OK, Boomer”. Millennials say Boomers left the world a mess and Boomers say Millennials are ruining the world with their decisions. The irony of the situation is that the Boomers parented the Millennials themselves. (I’m a Gen X’er and our son’s a … Continue reading Gen Z Growing Wealth: The Kids Are Alright
My friend, Jeff, texted me last week asking for an insurance agent reference. He just got his homeowners insurance premium estimate for the coming year and it was up a whopping +29% higher than what he paid last year – which was +23% higher than two years ago! I haven’t gotten my new home insurance estimate yet, but we are definitely going to competitively shop … Continue reading Home Insurance Premiums Rising
I’m turning 57 this year, which certainly means I’m on the downhill side of the mountain. Not just in age / likely lifespan, but also in annual spending. This JP Morgan chart shows ‘the other side of the mountain’ in spending. The average American household slows spending quite a bit as they age … more than I would have guessed. I’m seeing a pretty steady … Continue reading Heading Down The Hill …
Mr. FireStation has been tied up with a family emergency over the last week. Coincidentally, regular reader, “Klaus” Wentzel offered to step in with a post, which was great. Klaus and I have never actually met in real life, but he often shares very insightful comments. This post is based on one of his observations from a couple years ago that is relevant today. Thanks, … Continue reading What is Your Household’s Largest Budget Item?
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