Spending Prison

Spending can be like a prison. It’s counterintuitive. People are usually excited to earn more money because it means they are able to spend more. You can acquire more material possessions, eat (allegedly) better food, and so on. Don’t get me wrong, this is true to an extent. Increasing your earning/spending power enough to move …

How Debt Works

Understanding how to think about and manage your debts is key for financial security. Debt requires monthly payments, and that reduces your cash flow. Some debts carry additional risks. For example, if you lose your job and don't pay your car loan, you will be taking a bus to your job interviews after your car …

Rent or Buy

When people first start thinking about buying a house, they often mistakenly compare the cost of a loan for a house to the cost of rent. Then they think they are being ripped off on their current rent and that they should go buy a house ASAP instead of "throwing money away on rent." The …

Investing Basics

There are so many different ways to invest. What matters at the end of the day is that you let your savings work for you. When you live frugally and have surplus funds, you need those funds to earn more for you. There are endless books and online resources that specialize in the seemingly infinite …

Introduction

Saving and investing has always been important to me. Over the years we got sidetracked from time to time. Our planned retirement horizon was the classic 40-year career, so it was no big deal to splurge as long as we were on track to retire in our early 60s. But, why wait that long? With the …