After starting to Pay Yourself First, cash starts to accumulate. That is when we Put Our Money to Work (our rule for early retirement #2), but to do so, we must pick both an investment and an account type. However, trying to cover both in one blog takes too long, so for today, we’ll focus […]
Big Losses Versus Big Gains
Many new investors never start because they fear losing money. I get it. Losing money is extremely easy, even after you gain experience and become a good investor. It is also built into our minds that we experience more pain from losing money than from gaining money. Fortunately, with standard stock investing (more exotic types […]
Pay Yourself First
Any saving strategy, investment, or opportunity requires something more basic: cash. To have any cash to put into investments, you have to follow our first rule for early retirement: Pay Yourself First. This concept is a classic and George S. Clayton uses it as a fundamental principle for success within the The Richest Man in […]
Get Working on Not Working
After posting “Our Rules For Retirement,” my daughter replied “I guess I better get started working on not working!” I was immediately proud that she grasped the concept of the article as well as jealous that she encapsulated it so perfectly and succinctly. Therefore, I had to steal her line as the title for this […]
Our Rules for Early Retirement
My wife and I retired early and use our investment income to live. Whether they ever read it or not, this is the first of a series of articles for our kids, nieces, nephews, and friends that outlines how we achieved our financial independence. The success formula, like the recipe for good health, is simple, […]