Building Wealth And Being Happy

A Practical Guide To Financial Independence

Month: February 2017

How Much Money Do You Need To Be Financially Independent?

One Rule to Rule Them All You might have heard the rule of thumb that “you should aim to retire with 70% of your pre-retirement salary” or similar. Rules like that don’t take into account your spending and are too vague to be useful. What if you get a big salary bump in your final year, does that mean you need now need to work longer to meet that 70%? […]

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Interview: Tray, 28, On Living With Cancer, Family, and FI

Hi Tray. Thanks for taking the time to do this. Why don’t you go ahead and tell us a bit about yourself? I’m in my late 20’s and I live in Louisiana. Around Thanksgiving I started getting some headaches which I chalked up to seasonal allergy and sinus issues. When they persisted, I went to an ENT to see if I had a sinus infection. I did have a bad […]

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It’s Not Just New Cars That Are Killing Our Wallets, Health, and Happiness

North Americans buy a lot of new cars. Robb Engen over at Boomer & Echo recently posted about Canadians setting a fourth consecutive record year in new car purchases, snapping up almost 2 million new vehicles in 2016. Wow. For a country of only 36 million people including children and the elderly, that’s an incredible statistic. U.S. buyers also set a record, buying 17.5 million new cars. Robb went on […]

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Betterment Raises Fees; Are Robo-Advisors Worth It?

Betterment, one of the biggest robo-advisors, made news a few days ago by announcing they are increasing their fees from .15% to .25%, with no additional benefits or services being offered in return. On a $100,000 portfolio earning 7% a year for 30 years, investors will be left with $30,000 less at the end. That’s got to be worth at least a latte a day. Betterment customers are livid, so […]

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