Random financial tips

Intro: I’ve come across a few interesting / relevant ideas lately.  There isn’t exactly a thematic coherence between these financial tips / this financial advice, but it’s worth sharing. Random financial tips: HSA (Health Savings Account) can be used as a super-charged retirement account.  Here’s how it works.  Contributions aren’t taxed. Contributions can be invested […]

Location arbitrage: living abroad to save money

Abstract: Living abroad in countries like Ecuador or Thailand can save the average American serious money (and serious working time).  Specifically, living in an inexpensive country abroad for 10 years saves nearly $225,000 versus living in the U.S., and even more than that for big spenders.  As more and more people transition to location independent careers, […]

A visualized future

Intro: I remember hearing a motivational speaker talk at a college leadership conference back in the day.  He was talking about the power of visualization and had us do a silly exercise where we keep our feet in place and twist as far around as possible from our torso, marking the farthest spot with our eyes. […]

Retire using only 401k and IRA

Introduction: How long would it take you to become a millionaire if you were maxing out your tax-advantaged retirement accounts and nothing else?  What about if both you and your spouse were doing that together?  And when would you be able to retire? Maxing out retirement accounts is not easy by any means, but it is […]

When can you pretire?

Introduction: Great news for the FG ROI clan this week… my brother and his wife had their first baby!  Big ups to the proud new parents!! 😉 So their new bundle of joy got me thinking about what kind of life I want to have when I have young one/s running around.  I would like to be able to retire […]

Early retirement and financial independence

Before we get too far ahead of ourselves, let’s talk about some of the core core concepts of early retirement and financial independence (FIRE).  First, a loose definition:   Financial independence – you no longer need an active income because you have enough passive income to sustainably provide for yourself through the future. Early retirement […]