Financial Independence/Retire Early – Frugal Lifestyle?

When people hear about the financial independence/retire early (“FIRE”) movement, everyone loves it in principle and want to do it; up to the point that they learn about the frugal lifestyle needed in one’s 20s and 30s to reach the FIRE goal. Most people don’t like it and will quit the journey. Some will embrace… Continue reading Financial Independence/Retire Early – Frugal Lifestyle?

#Roadto480 – Roadmap to finishing Part 2 of the challenge

After about a month, I now have more visibility into my future cash flows and outlays in order to better forecast of when we get hit the 120K milestone. It’s going to be a challenge to keep the meals and entertainment costs down now that I’m vaccinated, but I will try to stay on track… Continue reading #Roadto480 – Roadmap to finishing Part 2 of the challenge

Is an MBA Degree Worth It in your late 20s?

As I breakdown the portfolio increase between capital contribution vs. FMV increase, the increase is predominantly attributed to capital contribution from my chequing account. This confirm that something we all already know, we have to earn our way to the first couple of hundreds of thousands. Sure, there are people who get lucky on a… Continue reading Is an MBA Degree Worth It in your late 20s?

June 2021 Jobs report and Wages inflation – good or bad for our generation?

This week, the June 2021 jobs report came out and the market cheered. The U.S. economy added 850,000 jobs in June, compared to May’s 583,000 job gain and Wall Street expectations of about 700,000. (source: https://www.politico.com/news/2021/07/02/us-adds-850k-jobs-497800) I guess we are on our way back to full employment slowly but surely. One thing that’s surprising is… Continue reading June 2021 Jobs report and Wages inflation – good or bad for our generation?