Portfolio Drawdown Anxiety – Discussions at CampFI

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This past weekend, I had the fortunate experience of attending CampFI for my first time. CampFI is a weekend long retreat where people curious about, in their pursuit of, or those who have already attained financial independence (“FI”), participate in discussions and presentations (and impromptu pop-up podcasts!) about any and all subject matter revolving around this concept. First and foremost, for me at least, it is an event where I was able to meet community members “IRL” (in real life Continue Reading →

A Readers’ Guide to Financial Independence

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Many people who know me are aware that I am a voracious reader! I am often asked for book recommendations on the topics I am most passionate about: personal finance, investing and financial independence. In an attempt to answer that question, and to offer a response that I can easily direct anyone toward, I have compiled a list of some of the top books that I feel may offer the biggest impact on one’s own journey toward financial independence. The Continue Reading →

Learning the True Value of Financial Independence

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Over the past five months, during which I have been absent from posting on the blog, I have had a number of significant life experiences. My father passed away after a long battle with cancer, my daughter graduated from high school and then went off to college – my wife and I are now “empty nesters.” Experiencing these life changes has caused me to reflect on the value of financial independence. When my wife and I originally embarked on our Continue Reading →

An IRA for Your Child?

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Did you know that anyone with earned income is potentially eligible to fund an Individual Retirement Arrangement (IRA)? There are income limits that prevent high income earners from funding Traditional or Roth IRAs, but for a large portion of the population, funding an IRA is a viable option. Here is an interesting opportunity. Let’s say you have a teenager who works part time or has a summer job. As long as they have “earned income” (i.e. income reported on a Continue Reading →

Credit Cards – Friend or Foe?

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Do credit cards offer any utility or are they only to be avoided at all costs? In a previous post, Slay the Debt Dragon, I discussed how credit card debt became a major financial burden for my wife and me. We had to buckle down and implement a plan to get rid of our high-interest debt before we could make any substantial progress saving and investing for the future. After paying off all of our credit card debt, it was Continue Reading →