Ideas on Personal Finance
Rich vs Wealthy: Definition Wealthy and Rich are often used interchangeably, but they represent very different things. There are a lot of rich people but far fewer wealthy people. Rich and Wealthy people both have a lot of money. The difference is that the rich have lots of money, but the wealthy don’t worry about … Read more
A walk amongst the wealthy… A small change in our normal, daily routine can sometimes lead to a big discovery. On an unusually pleasant summer day, MrsFiner and I were taking our usual evening walk. Feeling a bit adventurous, we went farther than we usually do. As we strolled through the new neighborhood, a magnificent … Read more
Although this is an ancient proverb, it still rings true. Trying to make a quick buck is enticing and might work sometimes. If someone is a great investor and can consistently pick winning stocks, that is great. However, for most investors – building wealth takes persistence and a lot of patience. I have been investing … Read more
This is a funny quote on Financial Independence (FI). It basically says, once you get to FI, you can do what you want and don’t need to work based on other people’s schedules / agendas. However, I have found that people who get to FI do not like sitting around and doing nothing. Typically if … 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
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