Credit Card or Cash? What should you use?

Credit card or Cash đź’°? This is such a common question I get from my clients, family, and friends. And my answer every single time is – “It Depends!” If this question is something that you ponder about at times continue reading. Let me explain what I mean by It Depends when I answer this question. First off this is a personal choice and there is nothing right or wrong about this choice. If you are like my father who never trusted in credit cards and never had one his entire life (I’m not kidding) you are not alone there … Read more

Want to retire by 50 – See how?

Eraly retirement by the beach

I want to retire by 50, do you? My dad was working full-time at the age of 60 and I always ask myself this question. Do I see myself doing a 9-5 job in my fifties and sixties? And the answer I get every time is different. After spending many years thinking about this question and discussing this topic at length with my beloved wife, April. I have come to the conclusion that I do see myself working for as long as I can. But I can’t imagine working for a paycheck for a very long time. This year I … Read more

Know Your Cashflow – Important FIRE Tip

early retirement depends on knowing your cashflows

The first step to achieving financial independence or early retirement is managing the cashflow or in simple words understand your earnings and more importantly your expenses. What is Cashflow? In simple words, Cashflow is the money flowing in and out of your bank i.e. Money earned minus Money spent. As a FIRE (Financial Independence and /or Early Retirement) seeker, I would assume that you know the importance of saving money and to save you need to spend less than what you earn and bigger the difference better it is. If you want to be successful in the FIRE journey, you … Read more

Paying Off Debt – 7 Unexpected habits leading you to Debt Hell

Paying off debt isn’t easy and if you are wondering why your debt just keeps increasing even though you are trying to pay it down hard. You have fallen into the debt hell and probably because of some bad financial habits. Once you get into debt hell it is really hard to come out of it. 7 Bad Financial Habits – preventing you from paying off debt Spending more money than you earn: This simply means you are making less money than what you are spending. This is one of the biggest reasons preventing you from paying off debt. There are … Read more

Is the 4% rule a myth?

The 4% rule has long been revered as the cornerstone of retirement planning. But with changing times, is this rule still relevant? If you’ve been striving to decipher your “magic number” that promises financial independence, you’ve likely encountered the 4% withdrawal rule. But what does it truly signify? And more importantly, should you heed it or discard it? Let’s explore. Let’s start with what this rule is about The 4 percent rule is a rule of thumb used to determine how much a retiree should withdraw from a retirement account each year. This rule seeks to provide a steady income stream to the … Read more

Passive Income Streams – What, Why and How

If you don't find a way to make money while you sleep, you will work until you die. - Warren Buffett

Passive Income – Make money while sleeping I won’t lie I am obsessed with the idea of passive income. The idea of making money while you sleep is crazy and has nice jazz to it. Unless you were born rich (read your last name is Gates, Buffet or Bezos) which I am sure you aren’t. I am sure you are chasing your paycheck to be able to pay the bills.  Would you mind waking up to money flowing into your bank account while you were taking a nap? I wouldn’t and I am sure you wouldn’t either :). If you … Read more

Financial Freedom – What is it and why you should care?

Financial Freedom and Early Retirement Tips

Financial freedom – are you financially free? Do you have to think – how will you pay the bill when an unexpected bill arrives? Do you remember any of these: One fine morning on a nice sunny, bright and cold day the furnance in your house broke down. Now you need some extra cash immediately to be able to buy a new furnace so your family doesn’t freeze. You are getting late for work, you get in your car and the car refuses to start. Dang it, you need to get the car fixed now or maybe buy a new … Read more