I once read a great post on the site “Wait but Why” that illustrates how finite our lives really are by displaying our lives in years/months/weeks. Here is the post for your reference: https://waitbutwhy.com/2014/05/life-weeks.html. This helped shape my view on how to go about approaching financial independence. First let’s talk about the two extremes: Work […]
Category: FI Basics
Pay Yourself First
This is a very simple concept, and therefore a very short post! Pay yourself (save) first, before you have a chance to spend all of your money. Although it is simple, most people don’t do it. Prioritizing your savings (before your discretionary expenses) is all it takes to successfully start saving money! A few notes: […]
The Magic of Compound Interest
I first learnt about compound interest as a kid. My Uncle taught me this concept while our family was visiting him and my Auntie during summer vacation. I was fascinated. I spent the rest of the week with a calculator, a pen, and paper, performing countless manual calculations on how much $1,000 would be worth […]
The Financial Independence Ladder
There are multiple stages along the journey to financial independence (“FI”). These have been detailed by several financial bloggers over the years and I want to provide my take on it here. As you progress through the stages, your life and your feelings can change quite dramatically. If you are currently at the early stages, […]
The #1 Factor of Financial Independence Success
Let’s start by talking about pensions! It may sound boring but this is an important place to start the conversation about savings since the type of pension you have have (if you have a pension at all) has a huge impact on your future savings plan. Years ago, people relied on Defined Benefit Pension plans […]
Stop Wasting Your Life – Change Your Mindset!
This post was inspired by a quote that my sister shared with me: It is not that we have a short time to live, but that we waste a lot of it. Life is long enough, and a sufficiently generous amount has been given to us for the highest achievements if it were all well […]
Household Inc. – Tracking Your Household Finances Like a Business
I am a huge believer that if you want to make any kind of change in your life, you will probably have to implement some type of tracking system to make sure you are progressing towards your goals (and if you are not, course correct!). I track everything from calories in / out, money in […]
Health / Personal Finance Analogy
I’ve heard a few people make an analogy between health and personal finance over the years. I think it makes perfect sense and is a good way to explain basic personal finance concepts in a relatable way. I used to be overweight. I tried a few different things, however, the only way I ultimately succeeded […]