Personal Finance & Financial Independence
3(ish) Articles, Curated Daily
Reduced spending and increased saving rates have been the subject of many personal finance articles since the COVID-19 quarantines started taking effect. I hope that many people who previously overspent take the time to reevaluate their spending patterns in the aftermath of all of this.
Today’s first article takes a slightly different spin on the subject. What do you actually want to spend money on? Yes, if you spent beyond your means previously you should try to cut back and live within your means. But, even within the personal finance community, there has to be more than striving to save 60, 70, or 80% of your income. Intentional spending serves as the foundation to my personal finance strategy, I’ll spend money when necessary, but attempt to focus my spending on areas that truly matter to me.
Weird to say, but I miss spending money. There isn’t much to spend it on now but I’ll be sure to enjoy spending it when I’m out of lockdown!
Have you ever dreamed of ditching the 9-5 and starting your own business? Zach from Four Pillar Freedom did that just over a year ago. What lessons has he learned in his first year as a true entrepreneur?
Nobody forces me to get out of bed in the morning. I have no boss to answer to, no deadlines to meet, and no strict schedule to follow. This means I can do whatever I want on any given day.
I’ve included articles on compounding interest several times before (and likely several times after this). It really forms the foundation of any strategy for financial independence. RadicalFIRE demonstrates the power of it with a classic math exercise:
Do you want a penny doubled for 30 days or $1 million now? Discover the true power of compound interest and the effects it can have on your investment!
