Do You Really Need a Brand New Car?

No. A brand new car is a nice luxury that most yearn for, including myself. I can easily finance a new car, but since my focus is to be financially independent, I will not. What does a brand new car cost you? If you can pay cash, which you should if you can afford it …

Cooking with FIRE. 15 ways to reduce your grocery budget

Groceries budgets can vary vastly depending on the type of food you purchase. If you are looking to reduce this budget item, you might be surprised how easy you can lower it. I budget $350/month for 2 adults for our groceries and most of the time, we are under budget. Cutting your grocery bill in …

10 Ways to Reduce Your Expenses and Gain $200k or More

Becoming financially independent can be a slow process, taking many years to achieve. Simply lowering your expenses, allowing you to save more money and increasing your savings rate, will help you retire even earlier. If you reduce your expenses you can retire years earlier! Let’s say you currently save $2,000 per month. You make a …

Roth IRA Conversion Ladder- 5 Steps to Use the Golden Tool to Climb into Financial Independence

Many individuals pursuing Financial Independence / Retire Early often wonder- where will my money come from if I retire before the age limit for withdrawing from retirement accounts without penalty? This age limit is 59.5 years in the USA. If you retire at 30 years old, how would you avoid the 10% early withdrawal penalty …

3 Key Differences of Roth IRAs vs Traditional IRAs- and Which to Choose for FIRE

Saving for retirement is very important, especially in pursuit of FIRE. If your goal is to retire early, what is the best IRA for you? In this blog, I’ll explain the 3 key differences and explain why I choose one over the other. Traditional IRA Taxes Money you contribute to a Traditional IRA is not …