LESSON 21 : THE SECRET OF FI

It is natural for us to want to shout the message of Financial Independence from every mountain top. Remember the first time the idea of Financial Independence truly clicked and you wanted to share it with the entire world? So do I. But is voicing the benefits of Financial Independence with such zeal prudent?  What … Read more

LESSON 20 : GEOARBITRAGE: MOVING CLOSER TO FI

Fiology thanks Dylin of Retire By 45, a geoarbitrage expert of the FI community, for shaping this lesson. Geoarbitrage reduced our FI timeline by 9 years! This proves that if someone is willing to take advantage of geoarbitrage, they can achieve FI much sooner than once expected. Our FI number is a combination of our … Read more

LESSON 19 : DON’T EVADE TAX KNOWLEDGE!

Fiology thanks Juan of Finance Clever, a tax expert of the FI community, for shaping this lesson. What if instead of assuming misfortune when the subject of taxes surfaced, you saw opportunity? Opportunity to expand on your collection of skills and knowledge. Opportunity to understand and make the most of the rules. Opportunity to keep … Read more

LESSON 18 : KIDS AND MONEY

Be kind to others…say please and thank you…max out your Roth IRA? Imparting lessons of financial literacy isn’t normally at the top of our parenting priorities. Today, with so much competition for our children’s attention including social media, television, games, and friends, it is important that our messaging is heard and valued. One major message … Read more

LESSON 16 : AUTOMATIC FINANCIAL INDEPENDENCE

Once we automate our finances, and our investing specifically, we can focus on other important aspects of our lives with the assurance that we are well on our way to Financial Independence. Our stress levels may decrease while our account balances increase with regular contributions coupled with the power of compound interest. This lesson not … Read more

LESSON 15 : RENT OR BUY: WHAT’S BEST FOR FI?

For most, housing is our largest monthly expense. It can have a significant impact on our FI plan. Assuming that living under a family member’s roof, paying little or no rent, is not an option, this decision should be deliberated at great length. There is no shortage of articles or blog posts advising whether renting … Read more

LESSON 14 : THE PENSION DIMENSION

Fiology Lesson 14: The Pension Dimension

Fiology thanks Grumpus Maximus, the pension expert of the FI community, for shaping this lesson. In the U.S., prior to the 1980s, a company or government Defined Benefit Plan (DBP), commonly referred to as a pension, was potentially all a person needed for retirement. Times have changed. DBPs are now found in a few private sector industries and … Read more

LESSON 13 : IT PAYS TO BE PASSIVE

The majority of people do not have the time and motivation to conduct the in-depth research to confidently pick individual stocks in companies that will make them Financially Independent. We would need to know if a stock is undervalued or overvalued, how it compares to competitors in the sector, the condition of that sector in … Read more

LESSON 12 : THE RISKS OF FINANCIAL INDEPENDENCE

A proverb advises against putting all of our eggs in one basket. Andrew Carnegie advises us to put all of our eggs in one basket and then watch it. Both of these can be considered good advice. The proponents of diversification advocate the more diverse a portfolio, the less risk from each of its components. … Read more