Hello all, welcome back to Budget For FI/RE. One of the things that I have pondered over the last few decades has been how I can invest in the stock market. On the same thought though, I have contemplated not investing and just keeping my money in my savings account. I can’t lose any money in the stock market if…
Month: September 2021
Cutting Expenses vs Increasing Income
Throughout the entire Financial Independence, Debt Reduction, Early Retirement, and many other communities, reducing your expenses is heralded as the main step for becoming financially independent. I won’t say that this is completely wrong, because it’s not. However, cutting your monthly expenses is only a step in the right direction. Increasing your income is still a significant step in moving…
Emergency Savings – How to Avoid Financial Ruin
Emergency Fund, Emergency Savings, Rainy Day Fund… what are these? What are you talking about? Emergency, shmergency Alright, let’s get right to it. You need a small (relatively) fund that you can dip into should and emergency occur. Why the bold!? It’s an emergency fund. I am talking about a fund that is only used for emergencies, where you cannot…
Goal Setting: The Reason You’re Struggling to Take Action Is Because You Aren’t Clear on Your Goals
This post by Matt McKeever on Instagram really struck gold with me over a year ago. I had actually put the link into this blog post with the title you see above, and then saved the post as an idea. Well, today I decided that I would finally write this article. I believe that seeing this post in my drafts…