FIRE the Imagination

I had quite the imagination and curiosity when I was younger. I can remember daydreaming about all types of things which shaped my world into limitless possibilities.

I loved movies and stories that made me think differently which challenged my curiosity to imagine a world beyond what I thought could ever be possible. 

As a young boy, my imagination fueled a sense of optimism untethered to physical limits, practicality, or man-made rules. Anything was possible, and nothing could stand in the way.  It was hard to understand why adults didn’t have the same sense of hopefulness.

Fast forward decades later, I sit here today thinking about where that boy with his boundless imagination and optimism have vanished to.  Read more

Better Spending Decisions

If you want to be financially independent, you need to focus on the magic number: your savings rate. You must increase and defend this magic number at all costs.

How do you improve savings rate?

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Take Control of Your Personal Finances

Truly a powerful tool!
Truly a powerful tool!

The first desktop computer I bought myself was a Sony Vaio. It came in this really hideous color with a large CRT monitor and tower.

It ran Windows ’98.  Like all store bought computers, it had its fair share of bloatware—which is pre-installed software you don’t ask for.

One software in particular that I took the time to figure out, though, made my financial life so much easier: Quicken–a personal finance and budgeting software.

That was years ago and I still use Quicken to track my finances to this very day.  I use it to keep track of income, expenses, investments, payments, net-worth, and budgets. I also use it to reconcile my bank and credit card statements every month. Read more

Find Your Motivation to Save

Now, That’s Motivation!

I’ve been a saver for as long as I can remember. I tried to save what I could when I could.

Working for tips at a younger age, I remember making deposits of my daily tip money in a shoe box wrapped in duct tape  (my version of tamper proof) with a hole big enough to insert a folded stack of cash.

I used a sticky note with a paperclip to mark the date and amount I earned. I’d count the money and deposit it into a bank savings after 6+ months. It wasn’t a lot of money but this was a great way to save. In retrospect, I was essentially forming a new, pay-yourself-first habit.

The more I saved, the more I began to compare the buying power of my total savings to material things I could purchase in cash if I wanted to. Funny thing, though, once you have a good pile of money saved up, you tend to think twice about spending it.

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