Fiosphere
7 Stoic Money Lessons That Will Change How You See Wealth
Stoicism, the ancient philosophy founded in Athens, continues to offer timeless wisdom for navigating life’s challenges. While its teachings often focus on virtue and emotional resilience, Stoic principles also provide profound insights into personal finance and financial independence. Jonas Salzgeber, author of The Little Book of Stoicism, distills these lessons into actionable advice for modern life.…
Read More“Die with Zero” by Bill Perkins: Millionaires Only, Please!
Bill Perkins’ Die with Zero presents a bold idea: spend your money in ways that maximize life’s experiences instead of hoarding wealth for an uncertain future. While the book contains nuggets of wisdom for certain audiences, it falls short for others, particularly those early in their financial independence journeys. Let’s break it down into what works, what…
Read MoreThe Early Retirement Withdrawal Strategy to Optimize Your Income
Retiring early is an exciting milestone, but ensuring your savings last requires a well-thought-out early retirement withdrawal strategy. By leveraging tax-efficient withdrawals, managing gap years, and strategically planning Social Security benefits, you can create a sustainable income stream that meets your lifestyle needs while preserving your wealth. After years of diligent accumulation, many early retirees wonder, How…
Read MoreThe Perfect Passive Portfolio for Early Retirement
Achieving financial independence and retiring early (FIRE) is an exciting goal, but it requires careful planning to ensure long-term financial stability. For those just starting on this path, creating a passive portfolio—one that grows with minimal effort—is a proven way to meet financial independence goals. In a recent episode of the Forget About Money podcast, Sean Mullaney,…
Read MoreRetirement Lifestyle: Building a Meaningful Life After Work
Retirement marks a significant milestone—a time to shift from work to freedom, from stress to purpose, and from accumulation to enjoyment. However, many people approaching retirement have lingering questions: What will I do all day? Will I have enough money? What happens to my social life? These concerns are natural and valid. In this post, we’ll explore…
Read MoreEnough Money to Retire and Enough Money to Die
The Two Phases of “Enough Money” in Financial Independence What is enough money? In the pursuit of financial independence (FI), this question arises frequently. Many think of it as a single milestone—the moment you reach a specific savings threshold, like the 25x rule or following the 4% withdrawal rate. But once you’ve accumulated enough money to…
Read MoreWhy is Money Important?
Money: it’s a subject everyone thinks about, yet few discuss openly. Why is money important? On the surface, it might seem like a means to afford what you need or want, but in reality, money goes beyond materialistic perspective. It impacts relationships, stress levels, career choices, health, and freedom. Financial stability shapes lives in profound…
Read MoreThe Mount Rushmore of Financial Independence: Icons, Community, and Inspiration
What if the Financial Independence (FI) movement had its own Mount Rushmore? In a lively discussion on the Forget About Money Podcast, the hosts, David and Carla, imagined their personal versions of this iconic monument. They revealed their top picks for the most influential figures in FI, explored the criteria behind their choices, and discussed how these…
Read MoreToo Expensive: 9 Everyday Items We’ve Stopped Buying and Affordable Alternatives
With rising prices affecting nearly everything we buy, many people are rethinking their spending habits to With rising prices impacting nearly everything, many are rethinking spending habits to cope with the rising cost of living in 2024. Groceries, dining out, and daily essentials are all climbing, making some items feel simply too expensive to justify—things we once added…
Read MoreDual Income No Kids (DINK): The Financial and Lifestyle Benefits of a Child-Free Life
The Dual Income No Kids (DINK) lifestyle is growing in popularity as more couples decide to focus on financial goals, personal freedom, and experiences without having children. “DINK” describes a couple where both partners have an income but choose not to raise kids, allowing them to use their combined earnings to build a secure and flexible future.…
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