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?
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
Bad habits are hard to break. I gave myself three rules: 1. stop investing in new SPAC, 2. don’t get caught up in the crypto hype, and 3. hold every investment for at least one full year. Today, in a snap decision, I broke all 3 rules. I liquidated my positions in Wells Fargo and… Continue reading Crypto Investing – Bullish Exchange
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?
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?
Alright guys, your boy is now ready to move onto the next block in the challenge ($80K to $120K). This post will provide a general outline of how I expect to get there (on a timely manner). The post for the last block was written on April 7. Will I be able to the hit… Continue reading #Road to 480 – Part 2 – Month 3 of 12