If you were going to die tomorrow you should spend your money however the hell you want. You want a one way ticket to the Las Vegas Billagio for an bat shit crazy night out with the boys? Hell yes, you go do it.
Shit, I'd say if you were going to die in one month you should spend your money however you want. Though as we get to the one month time frame I imagine we start to think a bit more about our life.Read More
You're going to come across a few large purchases every year. As long as you understand your lifestyle cost and know they fit within it, then you should go make them happen!
But let's not be a consumer clown about it. Let's pull out some hidden green.
How can you take advantage of these larger purchases that come up within your life-style cost?Read More
Make $1,000,000/yr, and live with a lifestyle cost of $950,000/yr? A 5% savings ratio. You will have to work 66 years till your investments will support your lifestyle.
Make $40,000/yr with a lifestyle cost of $15,000/yr? A 65% savings ratio. You only have 10 years of work ahead of you till you're financially free.Read More
Chasing a number for the sake of reaching that number is the wrong way to achieve financial independence.
The problem with that path is that you are living a means to an end. You are losing sight of improving your present self and situations. What happens when you hit the number is you only find that it didn't actually make you any happier -- it is just a number.
The way I see now to view the journey to financial freedom is through a lens of "winning in increments."Read More
If money didn't exist, what would you go do tomorrow? What would you do next week, next month...
"Tomorrow I am surfing, all day. A week from now I am hiking the Santa Barbara back country. One month from now I am surfing the long point breaks of Santa Barbara and sharing time with my best friends..."
You see locking yourself into monthly car payments, committing yourself to unlimited data plans, and giving in to the consumerism showcased on every billboard, magazine, and screen you see everyday takes time away from you surfing, relaxing with family, or sailing to the islands.
So to you I ask again, Why not now?Read More
I'd love to create a life where I live by the seasons. Something like winter in mountains and summer near the ocean.
What would that look like? How possible is it? Cause shit, if I can live that way and continue on my path to financial freedom then, "See you later!" I'm out the door.
Could you image being $10,000 in debt and someone saying, "Want to have $300,000 in your bank account? Great. The only catch is you have to leave tomorrow. We will shred blue-bird powder in the winter and flow through warm water barrels in the summer for the next 12 years." I'd say Let's go!Read More
The goal of early retirement is a 10 to 20 year journey.
Most people can see the end-reward of early retirement and its utter freedom. The sound of having a passive income stream cover your lifestyle cost sounds great. Obviously. But people hit a mental block when they think of acting on a 15 year goal.
So let's find a way to make early retirement happen in a digestible time frame.Read More