Moderate Posts

The Simple Path to Weath [Book Review]moderate

This may be the best book for someone in their twenties and possibly in their thirties to read. I have been reading a lot of books on early retirement, financial independence, and self-improvement lately and The Simple Path to Wealth by JL Collins might be the most informative and motivating.

Money: Master the Game by Tony Robbinsmoderate

Tony Robbins is not known as a financial master and he shouldn't be. He is a motivator and the self-help guru. That is his thing. With that in mind, I decided to read Money: Master the Game. Essentially, this book aggregates Tony's interviews with the world's smartest investors such as Dalio, Schwab, Bogle, and Buffet and then puts the information together to form a basic investment strategy for the mass population and provide a high level overview of investing.

How to Avoid Weight Gain with Anti-Social Mealsmoderate

During the summer, I am an eating machine. I indulge in brisket, pulled pork sandwiches, ribs, chicken tacos, burgers and anything else that I can cook on a grill. I enjoy craft beer and drink a few of those as well. I really just eat as much as I want and somehow I don't gain any weight. How is this possible?

When Can I Retire?moderate

Well as expected, this all depends on how much you plan on spending. As a frugal retiree you may need as little as $15,000. As a lavish spender, you may need over $100,000. Either way, there is a fairly simple way of calculating what you need saved up.

Blowing Your Mind with the Rule of 72moderate

Numbers have a way of surprising you sometimes. Add a bit of time to them and they can blow your mind. Take for instance the Rule of 72. This is a formula to determine how long it takes for money to double depending on a certain interest rate.

An Easy Way to Increase Your Savings Rate to 50%moderate

I recently came up with a quick and easy way to increase my savings rate and put any new possible expenses under the radar. Now, I am sure this isn't an original idea, I haven't read anything about it. It is a very basic idea.

To Invest or to Pay Off the Mortgage... That is the Questionmoderate

I have gone back and forth 1000 times. Some people are 100% certain, but I can't decide whether or not to invest my extra money or put it towards my house. My wife and I max out our IRAs every year and have been increasing our 401k contributions every raise/year. I will be close to maxing that out this year. So then what? Index funds? Mortage? FU Money?

My Favorite Personal Finance Tool - Mintmoderate

Be aware of your finances, but don't spend your time on them. That is the route I decided to take. Just like with investing: KISS. Keep it simple stupid. 99.9% of my purchases are by card. Keeping track of cash purchases would take a bit of time and I don't want to spend my hours looking at/for my paper receipts. So I rely on technology.

Pareto's Law and Why 80% of These Words are Pointlessmoderate

In 1896, the Italian economist Vilfredo Pareto published a paper that refers to the Pareto Principle. A principle that states that 20% of causes produce 80% of the effects. He developed this principle by noticing that about 20% of the peapods in his garden contained 80% of the peas. That is a pretty basic observation that would soon turn into a very significant one.

It Really is "Your Money or Your Life"moderate

'Wait a minute... I am only making 5 bucks an hour?', says the average American after reading Your Money or Your Life. I just worked 3 hours to pay for that sh*tty meal at Burger King?