The statistics these days say that as many as 45 million Americans have student loan debt totaling close to $1.5 trillion dollars. Today, taking out student loans is considered normal, everybody’s doing it. To make matters worse, I’ve heard stories of high school guidance counselors persuading students to go to private universities over in-state public …
You don’t need a be a millionaire to be happy. And you don’t need to be a millionaire to retire early. I like to think of reaching early retirement as a game. You start the game when you join the workforce, and the game ends when you’ve accumulated enough wealth to be financially free for …
Rental property income is a powerful way to generate income during your retirement years. Finding the right property to begin with is key, and it takes a lot of due diligence and planning. Passive rental property income is part of my fail safe plan of early retirement that will allow my wife and I financial …
You will always need a place to live. You can either increase someone else’s net worth in the form of rent or increase your own net worth in the form of a mortgage. There are many arguments out there for renting versus buying. Some people say they’ll never buy a house because of the the …
Healthcare coverage is easily overlooked when planning early retirement. Our coverage is usually, well, covered by the company we work for (at the cost of a chunk of our paychecks.) But, we’ll lose that coverage after quitting those jobs to retire early. So, how do we afford to cover our own healthcare for the rest …
How an HSA Can Pay for Healthcare During Retirement Read More »
I remember the summer after graduating from high school. I was 18 with long blonde, surfer dude hair, working as a luggage handler at a hotel. One day at work, my coworkers and I were sitting around during down time. Somebody asked, “Hey bros (*hair flip*), what if you had enough money in your savings …
Budgeting…. everyone’s favorite topic *insert sarcasm*. Americans are notoriously bad at budgets, so it’s usually a sore subject, but a necessary one. Multiple surveys show that the majority of Americans have less than $1,000 in savings. How can this be!? A huge reason for this: Americans have been conditioned for instant gratification. Want a new …
Until my recent move to Oregon, I was blissfully unaffected by state income tax. My previous home states, Alaska and Washington, were both free of this financial curse. I didn’t know how good I had it. My first few paychecks in Oregon sparked the tingling desire to crunch some numbers (numbers give me pleasure — …
It seems like every week I see another article about millennials being broke due to student debt. That doesn’t have to be you. You can, absolutely, get through college without student loan debt. How would I know, you ask? When I graduated from high school in 2006, I had no job, no bank account, and …