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Why I Prefer DIY Retirement Planning

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When I was an engineer at my old company, I was able to buy the company stock at a discount. I also received some stock options and stock grants. All these shares were deposited in a brokerage account which has a somewhat reasonable fee. Recently, there was a change to the plan and I had […] Read More

Should You Invest in the Stock Market Now?

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Should you invest in the stock market now? The stock market is at an all time high and most stocks seem too expensive. This is a conundrum to new and experienced investors alike. Nobody wants to buy stock if it’s going to crash 30% in 6 months, right? On the other hand, the stock market […] Read More

How to Start Investing in Rental Property

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Investing in rental property is one of the few proven ways to build wealth. Many small investors have been able to retire early with their rental income. I love our dividend income because it is a lot less work than being a landlord, but owning rental properties has been a boon for us as well. […] Read More

How to Start Investing in Dividend Stocks

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I love our dividend stock portfolio! Our dividend income is my favorite form of passive income because it is very passive. I don’t have to do much and the dividends will keep rolling in. I like having rental properties, too, but they are just more work. 2016 was another great year on the stock market and […] Read More

How to Fund Your Early Retirement

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Early retirement sounds awesome, but how do you pay the bills? Many financial planners recommend saving 10% to 15% of your income for retirement. That standard plan should enable you to comfortably retire in your 60s, but it will be practically impossible to retire early. You will have to think outside of the box if […] Read More

How Much Cash Reserves Do You Have?

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Let’s talk about our cash reserves today. I feel a tiny bit of guilt because 7 in 10 Americans have less than $1,000 in savings, according to a recent survey by GoBankingRates. Hey America, wake up and learn about Financial Independence! You need to save more so you won’t be so dependent on your employers. Anyway, […] Read More

My 5 Worst Financial Mistakes

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A few weeks ago, I posted the 5 Best Financial Decisions I Ever Made. Today, we will look at the other side of the coin and share some of my worst financial mistakes. Nobody is perfect and we all make mistakes. The important thing is to embrace your mistakes and learn from them, right? That’s […] Read More

5 Best Financial Decisions I Ever Made

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Here is a tough question for you. What was the best financial decision you’ve made? Life is really good for us right now and a large part of that is due to many smart decisions we have made in the past. I also think we are very lucky because we haven’t made any huge mistakes […] Read More

When to Invest a Lump Sum

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Did you make some money from the Brexit dip? The British voted to leave the European Union and the stock markets around the world weren’t expecting it. Every stock market index dropped sharply for a few days, but it looks like the US has recovered nicely. Even the FTSE 100 index, London Stock Exchange’s 100 […] Read More

How Many Sources of Income Do You Have?

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The internet said a typical millionaire has 7 sources of income. I don’t know if this is accurate, but I’m sure wealthy people have more than one source of income. Most of us start off with just one source of income – earned income. That’s how we start our working life. We go to school, […] Read More