Advice, Misc., Personal Finance DINARRECAPS8 Advice, Misc., Personal Finance DINARRECAPS8

.Don’t Let Early Retirement Box You Into Stupid Corners

.Don’t Let Early Retirement Box You Into Stupid Corners

 By  Steve Adcock 

How many of you good people have [formally or informally] entered contests to see how little money you can spend during a period of time? Like those “No Spend” months?

If you read enough personal finance material, those money challenges are common. But, I haven’t entered a single one of them.

Not because they’re useless. Not because they are harmful.

It’s because I don’t need to enter a contest to see how much I can scrimp to get by in a certain area of my life.

That’s not the point of early retirement. Or financial independence.

These competitions have a way of “encouraging an assumption” that we need to do certain things or believe in specific philosophies in order to achieve our financial goals.

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Advice, Misc., Personal Finance DINARRECAPS8 Advice, Misc., Personal Finance DINARRECAPS8

.Six Simple Money Habits That Changed My Life

Six Simple Money Habits That Changed My Life

By  Jim Wang   28 August 2019

Habits play such an important role in every aspect of your life. And those habits, good or bad, are reflected in your finances.

Some of our habits are small, almost insignificant. Over time, though, they have a large effect. There are little things that I've done over many years that have had outsized results. Individually, they don't move the needle. But they're like little course corrections on the cruise ship of life. A little change early on, repeated and compounded over many years, can have a significant impact.

When you add them together, they can help you achieve things you never thought possible.

Six Simple Money Habits

Small Habits Lead to Big Results

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Advice, Misc., Personal Finance DINARRECAPS8 Advice, Misc., Personal Finance DINARRECAPS8

.What Are You Willing To Do For Financial Independence?

.What Are You Willing To Do For Financial Independence?

By Barry Choi

 I’m honestly getting really tired of all the Financial Independence, Retire Early (FIRE) blogs, articles, and people out there. Don’t get me wrong, I think FIRE is amazing, and if you can achieve it, that’s great.

My problem is that in the last little while, FIRE has been making headlines because of people who have unique situations.

It’s easy to achieve FIRE if you have a high income and reside in an area where there’s a low cost of living, but for most people, that may not be the case.If you want to achieve FIRE, you can take a few steps to help you get there. You may not retire in your 30’s or 40’s, but I would say if you can retire a few years early without having to worry about money, you’re probably doing alright.

Full disclosure, I’m looking to retire early myself, but there’s just no way I’m doing what some people did to get there. What are You Willing to do for Financial Independence?

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Advice, Personal Finance DINARRECAPS8 Advice, Personal Finance DINARRECAPS8

.7 Golden Rules of Successful Investments

7 Golden Rules of Successful Investments

Golden Rules for Every Investor, or Major Mistakes Newbie Investors Make

The number of those who’re new to our business increases every day. Many of them face a number of typical mistakes (step on a rake) of a young investor.

You need to know everything about mistakes to avoid them. Maybe we should start with a start-up capital.

7 Golden Rules of Successful Investments

Rule #1   Constantly Build up Your Investment Capital

Investing requires money, which total amount must constantly grow; otherwise, it cannot be called investing. The source of growth may include both the funds saved up from base wages and the profit from already invested funds (investments).

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