Steps to Financial Freedom by Investing, Stoicism, and Minimalism.
The Hedonic Tredmill and the FIRE movement. When I heard of the FIRE Movement and Early Retirement for the first time I was very skeptical. The fundamental ideas at the base of this movement are really simple: Change your lifestyle; Earn more than you spend; Avoid Debt; Don’t buy stuff you don’t really need; Save … Read more
One day, in 1990, during the Berkshire Hathaway Shareholder Meeting, a young man asked Charlie Munger – vice chairman of Berkshire Hathaway and one of the wealthiest people in the world – to give him an advice to get rich: he told him he had a very hard time, he failed in getting started and … Read more
Lean Fire: The first step to financial freedom. What exactly means Financial Freedom? What is FIRE? FIRE literally means “Financial Independence Retire Early”. It is one of the most famous terms in the personal finance community. People in the FIRE community pursue Financial Freedom and usually adopt the 4% Rule to know if they are … Read more
Reddit can be a very interesting place for people interested in personal finance and FIRE (Financial independence and early retirement). Here are the top must-read Reddit Personal Finance threads. First access to Reddit threads As you can easily see, Reddit’s front page is a mess of random insider jargon. It’s really difficult to understand what’s … Read more
If you want to reach financial independence you have to invest your money. If you want to invest, you must learn how it’s hard to beat the Market. Before you invest in the Stock Market, you must know that you have two basic choices: Active Investing or Passive Investing. Active investing involves for you to … Read more
Do you want to give a little but great financial planning advice to your kids? Do you want to teach them a simple way to escape the Rat Race, be free, happy, and successful in their life? Be simple. Be effective. Let’s repeat to them: “Don’t be a consumer. Be an owner.” This easy and … Read more
If you want to be financially free, you must understand the importance of the FIRE movement. FIRE stands for “Financial Independence, Retire Early”. The FIRE movement is a lifestyle community with the goal of gaining financial independence and retiring early. Upon reaching financial independence, paid work becomes optional, allowing for retirement from traditional work decades … Read more
What Is FU Money? If you want to be really free you need to understand the concept of “F*ck you money”. In our days we are all, more or less consciously, slaves to someone else. Each of us, from our childhood, is forced into a hierarchy where we have to ask the people above us … Read more
Financial Independence. Why is it so important? Financial Independence means liberation from Wage slavery, a situation in which a person’s livelihood depends on wages or a salary, especially when the dependence is total and immediate. In other words, it is a condition that you reach when you have enough money and investments to afford the … Read more
What exactly means the term “Rat Race”? …and what is Financial Independence? We need to deepen the meaning of these two concepts. A rat race is an endless, self-defeating, pointless pursuit. The phrase equates humans to rats attempting to earn a reward such as cheese, in vain. Today the Rat Race is basically our competitive … Read more
