In any given month, my goal is to keep my spending down to $2000. Most months I succeed pretty well (I was quite proud of myself last month, where I wound up about $500 below this threshold!). Other months (like this one) I go over by a Benjamin or two. Luckily, the months where I … Continue reading $600,000 or $350,000?
(Sometimes the path to FI is uphill and rocky...) I will never take a stock tip from anyone again. As a sidenote, most of the authors of blogs I’ve read have a story of some monetary mistake they’ve made. I like these stories. I tend to hold these bloggers in high regard for the information … Continue reading My $2000 Mistake and the Word Logic Debacle
Be sure you’ve read the first lesson (the previous post) before you continue on. Or if you haven’t read the first one yet, you can continue on with this one just to spite me. Up to you. Hopefully you’re convinced the math works out that it’s better to grow your money using percentage increases rather … Continue reading How Money Begets More Money – The Finance Lesson
I’ve mentioned before that I’m a statistics professor. That means my day job is to teach lessons. I lecture enough to college kids so I don’t want to lecture much on the blog, but since I am a professor I guess it makes sense that there should at least be some formalized-ish teaching here. So … Continue reading How Money Begets More Money – The Math Lesson
One of the hardest things about becoming financially responsible is getting used to the idea of looking long-term. Many people my age (or maybe of any age) can’t predict the next month, much less next year or 5 years from now. But when considering money, you always have to consider the long-term consequences of your … Continue reading Looking Long-Term
(This is a bit similar to my introduction post, but I feel like this one goes a bit deeper into my background, as well as another angle for why I started blogging. Sorry if you feel it’s redundant. [Except not really, because this post is staying up regardless 🙂 ] I do promise I'll get … Continue reading More of Why I Got Started
The main basis for this blog is my plan to be retired (financially independent) as early as possible and document the process. I’ve set my goal at 35—a number I decided on when I was 26. I figured after nine years my investments will have grown large enough to allow me to make my 4% … Continue reading My “Retirement” Plans
The first post introduced my goals of why the blog exists, but not who’s writing about it. This post is designed to fix that. I like to consider myself a jack-of-all-trades. There are a decent number of things I know just enough to get me into trouble, and a few things I know enough about … Continue reading The Obligatory Introduction Post