FIRE Journey
Financial Independence, Retire Early (FIRE) is a movement of people devoted to living life. Additionally, it's about living beyond the need to continually clock in for dollars. In essence, the journey leverages time as an asset. By saving and investing, the aim is to allow them to retire far earlier than the norm. As early as even age 40. Considering that the Average American will likely retire north of 65, it's a lot of time to get acclimated to living life in pursuit of purpose. With an annual saving of more than 15% of their gross annual income, F.I.R.E. proponents aim to retire early. How? By building sizeable assets. And, by living off at least 4 percent withdrawals from the principal. Detailed strategies, financial planning, economic discipline, and wise investment are key components in achieving F.I.R.E.
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How to Set Up $2.5M Financial Goal in 2026
Coming off of 2020-2021 with $200k net worth increases year over year, the market slowed drastically for 2022 and 2023. 2024-2028 is looking promising for stocks. With my estimation holding at an average of 18% annually. Translation. It's still a great time to invest for the future. Even if there are down times here and there.
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How to Revise Your Financial Game Plan Post Multi-Millionaire Status
The only thing that changes in a good financial plan is perpetual change. In August 2023, my household hit a net worth of $1,000,000. We were officially millionaires in an era when we were told it was impossible for people like us. My wife, in her infinite wisdom, said, “We aren’t millionaires until we both have a million.” While that didn’t mathematically make sense in any realm of accounting, I figured it might be best to push for the $2 million target. On July 19, 2025, my wife and I reached our latest milestone of $1,900,000 in net worth. We are now just $100,000 away from $2 million. While my…
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When is the Best Time to Invest? Might be in May.
Hooray we all made it through May with flying colors on the road to $1,250,000 investment portfolio. Just six months left to reach your Financial Goals.
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How We Use Money While the March Market Take Hits
The market is in full meltdown mode. Buy the dip in March 2025 but where is the end? Time to use money wisely. It's costing the average household an extra $10,000 per year to keep up from 2019. The real question is, are you using your money?
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Tracking our Investment Portfolio from Zero to $4 Million
When it comes to building an investment portfolio, start where you are. Better yet, start right now.
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How to Secure a Brighter Financial Future in 2025
Coming off of 2020-2021 with $200k net worth increases year over year, the market slowed drastically for 2022 and 2023. We're Tracking Still Growth over Losses.
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How to Create $7k in Passive Income Quarterly – Q3 2024 Recap
Tracking TNFG’s QTR 3 2024 Passive Income Progress The third quarter numbers are in, a run-of-the-mill $7k month. The glory days of $20,000 quarters from 2020 are long gone. Relatively, I’m grateful for our +$6,000 average. My goal is to bring that up to an average of $10,000 monthly by 2027. Unfortunately, prices are up on our business expenses, and dividend yields are down. In positive news, Federal interest rates are easing to 2 percent. Times are harder. Reflected in the election results, the average American household lives check to check. As the new federal administration takes shape, the future is 50/50. There are fears that tariffs will drive up…
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Here are the Latest 401k, IRA, HSA, and Other Contribution Limits for 2025
One of the best ways to become an automatic millionaire in your lifetime. Don't skip on the contributions. And pay attention to the SECURE Act 2.0 changes.
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Stock Market to Perform better after the Fed Rate Cuts?
Since 2019, the stock market has performed exceptionally, with a 95% gain or an average of 19% annually by 2024. Despite prior downturns, economists predict a new bull supercycle, offering investment opportunities. Staying aware of market trends and adopting a smart investment strategy is crucial for wealth growth amidst economic volatility.
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Why Financial Freedom Should Be On Your Wealth Bucket List
Achieving financial freedom necessitates a Wealth Bucket List to prepare for retirement. The author emphasizes accountability, budgeting, and discipline as paths to personal finance success. Planning for retirement includes significant financial goals, a commitment to lifelong learning, and a passion for travel and service. The aim is to create a purposeful, fulfilling life post-retirement.
