When you hear the term “financial independence” it is very often teamed up with “retire early” into the increasingly famous “FIRE” acronym. At least in this narrow part of the internet and personal finance blogosphere.
The retire early part of the deal was never a focus on this blog. We feel too energetic, too young, too full of potential of what we can give back to the world. To me, financial independence has become a symbol of when I can truly live life to the fullest on my own accord. That’s when I can begin living, unapologetically and without abandon.
I know the journey is a big part of the process. That it is important to live while on the way to financial independence. But to me, financial independence is the very idealized symbol of freedom. Why would I retire when I am finally free?Read More
Are you looking for some inspiration on how to live a more sustainable lifestyle, but without sacrificing your frugal priorities? Look no further! Here are 10 fantastic blogs who bring you the best of both worlds.
Sustainability and frugality are a match made in heaven. If you consume less – you also have less of a carbon footprint! It’s a win-win all around. And don’t forget 12 sustainable swaps that can save you serious frugal bucks.
Below are 10 kick-ass blogs with a focus on living more kindly with our earth. In no particular order – be sure to give them some love!Read More
… If any suggestion of marginal tax rate applied to us. Presently, we’re not anywhere close to being high enough earners. But what if we were?
Let’s first explore what a marginal tax rate and tax rates in general. Norway and the rest of Scandinavia is commonly cited as a country with high taxes and high social welfare. Without going into details, taxes in the US have actually been higher than in Norway historically, for instance in the 50s, when Norway was incredibly busy rebuilding after WWII.
But let’s first explore what marginal tax rates are, and are not.Read More
It has been almost one year since I wrote about the advantages of autism on personal finance. That post turned out to be immensely popular, so I thought I would write another one, also focusing on the positive aspects of an autistic-inclined mind, rather than the negative ones.
I was diagnosed with autism as an adult. My more energetic older brother and my largely female-manifesting autism (watches people, emulates behaviour and speech patterns of others) meant that rather quiet and introverted me was able to pass in most instances during childhood. Even though I was considered eccentric, introverted and a book worm at best (and a snow queen in junior high, but that is another story).
If you are curious of some of the ways autism may manifest different in females, here are some resources:
With that aside, here are some awesome tips we can take from autistic people which can increase your own frugality.Read More
We have only been living two months in our new house, and we have so far only paid one mortgage payment.
We know the math says that owning your home, especially in the short term, is not the cheapest option, nor is it the best place to put your investing capital. In January, it cost us about $300 more to own our home compared to the old place we were renting, and that was including the $400 we’re paying in extra interest because the first payment waits a extra month to kick in.
This is not a “owning your house is cheaper!” post. We know we are going to incur significant electrician and plumber bills in the coming months to do some necessary upgrades.
Then again, it isn’t really about owning your home either, since the changes we speak about can happen whether you own or rent your home. The real thing is, what is your comfort zone in terms of square meters/square footage of living area?Read More
Traditional financial independence (FI) through saving and investing? Or the more work intensive but potentially quicker route of side hustling and building passive income streams?
Why not both!
Using myself as an example, I’ll show you how I think when I calculate how much we need to keep a roof over our head and food on our table. So-called lean FI.
Why lean FI? Because as someone who has always been starting projects of varying success, there is no way I will not create more income after I reach financial independence. Why overshoot by going all the way to traditional or fat FI? I will create more income, I just want to reach my first goal of not being dependent on an employer for my financial survival first.Read More
In the ideal world most people agree that it would be awesome if teachers had the time and resources to follow up every single student individually from a young age. To figure out how that particular child learns, and help them utilize it.
We accept that students fall on the high or low end of grades in certain classes, because they are not all going to get the same job, and we need all sorts, right?
And yet, after they graduate from school, however long that may be, we still expect most everyone to go on to get a “normal” 40 hour per week full time job. That is considered the normal thing to do. And if you’re part time, most people expect you to be looking for a full time position, or have other obligations such as children limit your time.
Why is that?Read More
You would think it didn’t need to be stated. You cannot do something once and expect instant success. It becomes especially evident over New Year as people resolve to fix what they are unhappy with in their lives, or vow to publish that book they have been sitting on for years.
But here is the kicker. Publishing that one book probably will not change your life. There are a select few for whom this is the case. But for the majority of us mere mortals, we’ll have to write another, and another, and another as we consistently improve.
Anything else is akin to the lottery mentality. Your life will not magically improve if you just win the lottery. In fact, there is strong evidence that many people get worse off after winning. Not to mention that lottery tickets generally increase their sales during a financial downturn, efficiently taxing the poor and desperate.
So you do not want to be stuck in a lottery mentality. A condition I must admit I suffered myself as a young adult to a degree. But what do you focus on instead?Read More