HAVING FAITH IN FINANCIAL INDEPENDENCE

Having Faith in Financial Independence by Becky and Stephen Heptig - Fiology

I’m Becky, I’m 64 years old and have been married to Stephen for more than 40 years. We have three adult children. Like many, we’ve faced life challenges and didn’t always make the most calculated or ideal financial choices. While we are fortunate to have found sound financial footing, we’ve come a long way since … Read more

MY FI PATH TO LIVING LIFE ON MY TERMS

My FI Path to Living Life on My Terms by Josh Stine - Fiology

If you told me I would grow up to be an entrepreneur, I would’ve said you were nuts. My path to entrepreneurship hasn’t been easy. It started in college. I spent four years laser-focused on whatever it took to get the ultimate job and be “successful.” Thankfully, I formed great relationships and took entrepreneurship courses … Read more

Opportunity Cost – Everything In Life Is a Trade-Off

This is the header image for the Fiology lesson on Opportunity Cost - Everything In Life Is a Trade-Off. It depicts the title of the lesson and an image of a person moving chess pieces on a chess board.

Opportunity cost is defined as the loss of potential gain from other alternatives when one alternative is chosen. In its essence it means that if you spend your time and/or resources on one event, you can no longer spend it on another. An Example Today, after the longest stock market bull run in history (minus … Read more