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?