Loss Aversion and the Fallacy of Enough
The Fallacy of Enough I have previously written about why I think we are kidding ourselves with the concept of the safe withdrawal rate. In review, the SWR is the percentage of your portfolio you...
The Fallacy of Enough I have previously written about why I think we are kidding ourselves with the concept of the safe withdrawal rate. In review, the SWR is the percentage of your portfolio you...
Tell Yourself The Right Story We tell ourselves the stories about our life that make it bearable. Or better yet, magical. Mystical. When my father died when I was eight years old, there were...
The Cost of Financial Independence It is easy to look at someone’s net worth and ooh and ahh. The response from my monthly income reports is fairly telling. People see the numbers and wonder...
How Do I Protect My Income? Today’s guest post is brought to you by Chris Wimberly, a paid sponsor of DiverseFi.com. Chris is a longtime physician advocate and brings years of experience working with...
The Frugality Wars My mother had a plan. After my father died. She looked at her three young boys and knew what had to be done. This was before my stepfather entered the picture....
What If Your Calling Doesn’t Make You Happy? Financial independence is fantastic. It allows you to wrangle free from the hum-drum existence of the W2 asset class and aspire towards your individual life calling....
Downsides To Financial Independence While I have spent much time on this blog describing my path to financial freedom, I have generally concentrated on the positives. Money is power. And power gives you options...
Lean In, Back Out I made two momentous decisions yesterday. Momentous for me, at least. The reason was that I did something uncharacteristic, I pulled out of two revenue generating activities. I know, those...
Stealth Wealth For many of us, it feels downright uncomfortable to show our wealth to the general public. Yes, we certainly aren’t shy when blogging, but outside fo the digital world, we generally keep...
When Life Insurance Goes Uncollected I have written in the past about my father dying and the gift of his life insurance. My parents $200,000 term policy grew too much greater sums in the...