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.
-
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.
-
How We Made $5k+ in Passive Income for Q2 2024
The second quarter of 2024 was tight. High prices raged on and it's likely that the passive income economy dragged down. With price inflation up, some goals might not materialize this year but we will likely still land in the positive. Nearly $7k in gross passive income is still income.
-
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 $1M investment portfolio. Just six months left to reach your Financial Goals.
-
Breaking Down Our Strategy to Achieve a $1,000,000 Investment Portfolio
A breakdown of our household's investments as of March 2024 through 2025. Still, on track with the Net/Max Financial Plan to retire early.
-
How We Improved Our Wealth Cash Flow for March
Investments moved up in March 2024, leading to the high performing quarter since 2019. While prices are high, we are still pressing on with our cash flow. It's costing the average household an extra $6,000 per year to keep up. The real question is, are you keeping up?
-
Is Investing Still a Better Bet over Saving? Yes!!!
Each year comes with its share of trials and tribulations. The best part of the recent high inflation (2022-2024) is that it is over, now it’s time to realign your financial ducks in order. With the market diving in late March 2024, a few top-performing companies carried the entire economy. This presents a colossal opportunity for investors over long-term savers with cash to spare. The market priced in the losses, we are likely in for at least an 8% to 10% upswing toward the end of the year. If you are ready, it’s time to BUY low and HOLD for dear life. Buy ETFs Low, and Hold for Highs While…
-
With 90% Growth in 2023? How to beat the S&P with this Investment Portfolio
The Neighborhood Finance Guy writes about financial literacy topics: Financial Planning, Budgeting, Millennial Money Management, Investment Portfolio Strategies, Retirement tips, and more. The goal is to help you make effective decisions and set S.M.A.R.T+E.R. goals with your money. The information is free but the struggle is not sold separately. And, if you are into this sort of thing; the blog is PLUTUS nominated, I studied Accounting with a Specialization in Taxation, served in the US Marine Corps and now work as an Auditor. Iโm also big on Traveling and watching Anime. While often confused with Savings, Investing yields more rewards Based on news reports, the economy narrowly avoided a true…
-
How to Bring in $24k of Passive Income by Q4 2023
Reviewing The Neighborhood Finance Guy's (TNFG) not so passive income and what generated $24,000 through 2023. Extra Money is Good Money! With the market slowing through 2025, time to get creative and earn more before the next super cycle.
-
How to Build a More Secure Financial Future in 2024
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.
-
The True Wealth of Inheritance: Cash Flow and Opportunities
Over 1 in 5 US households received an inheritance, according to the 2022 Federal Reserveโs Survey of Consumer Finances. The average American inherited nearly $60,000. While the majority will inherit zero or debt, those who will receive this windfall can expect around $266,000.
