Hey Everyone, So far, we've touched on some key concepts if you want to FIRE (financial independence, retire early). Things like... Defining Frugality; Basic Concepts of Capital (financial and human); The Wonder of Compound Interest; And what many people fall victim to, which is Lifestyle Inflation as your earnings grow; This is all great information … Continue reading Find Your Ethos
What's up everybody! For those who do not know me - I am Mr.FN. I am new to the blogging game and enjoying it immensely. For me, it's a new creative outlet (guitar, singing, and bass being my others). It's something I've thought about for a little while now, and am extremely glad I took the … Continue reading DANGER! Lifestyle Inflation!
When we talk about FIRE (financial independence, retiring early) one of the most crucial things to understand aside from saving is compound interest. As Einstein once famously said: "Compound interest is the eighth wonder of the world. He who understands it, earns it...he who doesn't...pays it." - Albert Einstein Well said (Pretty smart guy!). Let's … Continue reading Compound Interest – It’s A Choice
An important concept in building ones' wealth is capital. In today's world, you need some dough to carry out an existence, unless you're totally self-sustainable which is awesome from an environmental/frugal standpoint. But for most of us mere mortals, even those living the most extremely frugalicious lives, you need some money to cover basic expenses. … Continue reading Human Capital VS Financial Capital
Frugal may mean a lot of different things to a variety of people. For those living the "average" life, you might think... "Frugal? Isn't that just another word for poor? Why would I live like that if I'm making all this money!" Let's start with a basic definition, courtesy of http://www.dictionary.com: Sparing or economical with … Continue reading What Does Frugal Mean?