by Tara Scott | Last updated Jan 12, 2024 | FIRE, Fun & Travel, Spark Blog |
When you can cover your living expenses with passive income from investments, working becomes optional. Turns out there’s a term for that: financial freedom, also known as financial independence. In other words, freedom from the daily job to make ends meet, freedom...
by Tara Scott | Last updated Jan 11, 2024 | Active Real Estate Investing, FIRE, Fun & Travel, Spark Blog |
“A young man came to my office, asking to work for me. He said ‘I’ll work for free — just give me something to do.’ Immediately, I noticed his work ethic, his intelligence, passion and that he was driven; I hired him. “After a few months of working around the office,...
by G. Brian Davis | Last updated Jan 12, 2024 | FIRE, Fun & Travel, Personal Finance, Spark Blog |
Compounding returns are critical to building wealth. For example, if you invested $250 a month in a mutual fund earning the average historical stock market return (around 10.5%), you’d be a millionaire in under 36 years. But not all of us sit around all day playing...
by Chad Carson | Last updated Jan 11, 2024 | FIRE, Fun & Travel, Personal Finance, Spark Blog |
Rental properties are a great way to fund some or all of your retirement. They produce steady, predictable income without eating into your principal. And they have many tax advantages and other benefits for retirement. But before you embark on a multi-year real estate...
by G. Brian Davis | Last updated Jan 10, 2024 | FIRE, Fun & Travel, Personal Finance, Spark Blog |
Much has been written about the stages of financial independence (FI) in an effort to define financial freedom and the milestones along the way. These steps for financial freedom are easy to understand, if a bit harder to actually reach. The good news? It gets easier...
by G. Brian Davis | Last updated Jan 11, 2023 | Active Real Estate Investing, FIRE, Fun & Travel, Personal Finance, Spark Blog |
Wondering how much you need to save for retirement? The math isn’t exactly rocket science. But you do need to understand the concept of safe withdrawal rates to run the numbers. Here’s a quick overview, along with a withdrawal rate in retirement calculator to run...