Ideas on Personal Finance
Although I don’t want to spend my time fishing all day, I do like this quote because it contrasts life before and after FIRE. Most people are not in their dream job. It may be because the dream job does not pay much. Or because it is difficult to get. Or maybe because a dream … Read more
Although this is a funny quote, it highlights the importance of money. Different people value different things, and some people may not agree with this quote. However, all things being equal, I would rather have more money than less. As they say – money is not the key to happiness, but if you have enough … Read more
This is a quote that I found useful, especially towards the end of my FI journey. When I was heads-down in my pursuit of FI, I was focused on reaching FI as soon as possible. I was trying to save a lot of money and invest it wisely. All my decisions were driven by the … Read more
This article is part of the My FI Journey series – click here to access the full journey. Looking for Answers to the Big Two Two issues haunt me from the lost decade of my professional life: Busy Becomes Normal and No Financial Plan. To become less busy, I focus on becoming more efficient at work. I become obsessed with … Read more
Over the years, I have been pleasantly surprised at the benefits of Financial Independence / Early Retirement (FIRE). I have also been amazed at how hard it is to convince my friends and relatives to try FIRE (much less adopt it)! FIRE Reactions from Friends and Relatives Financial Independence (FI) has worked wonders for me. … Read more
A hilarious quote, but also astute. Often I have bought a stock thinking that I am getting a bargain and the price will go up. But if I was honest with myself, there were only a few times when I had done my homework and analysis about the company. The rest of the time, I … Read more
A great quote about investing from a legendary investor. Buffett is considered a legendary investor because he has the right temperament (amongst many other things). So he was really able to ‘buy low and sell high’. On the other hand, I have tried to make money by buying and selling shares – but have not … Read more
After reaching Financial Independence (FI), I am now creating an Early Retirement Plan. Below is a checklist I have compiled to help me think through the process. Importance of Early Retirement Plan Retiring early is a big decision! Just look around – how many people retire early. Not many, in fact, of the thousands of … Read more
Although this quote is centuries old, it is still relevant. It was instrumental in my FI journey. The biggest lever I used on my FI journey was not Earnings or Investments but good old Savings. As I was on the path to save more and more, I learned that frugality is a great virtue. Not … Read more
The quote on patience from the legendary investor Warren Buffet is funny, but I have found it to be true on my Financial Independence (FI) journey. When I started on my FI journey, I used to trade a lot. I used to buy and sell shares often. All in the hope of making a huge … Read more