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…
Author: MrBFF
Mr. BFF is an IT Professional that is sharing his and his family's journey to achieving Financial Independence. He shares the challenges that they have faced in the past, giving suggestions on how someone in similar situations could beat these challenges.
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…
Top Recommended Side Gigs
Hello all,I, along with many of you, have sought out methods of earning extra cash in order to either pay off debts or to reach a financial goal that you had in mind. You must understand that there is no one size fits all. What works for one person or group of people may not work for you, and vice…
Start Fresh; Refocus on becoming Financially Independent
How I grew up Growing up, my parents made sure that they did whatever is necessary to provide for my brothers and me. As I grew older, they made sure that they started including me in understanding financial situations and to understand the basics of how to balance a budget and keep track of expenses. They did a decent job…
The Financial Independence Way of Thinking
The Financial Independence way of thinking is about becoming independent of one’s finances, not letting their finances be the definition of whom they are, and getting rid of debts. Financial Independence is a way of thinking so that one may have the option to retire early (the RE part of this blog). Financial Independence is to have the opportunity to do whatever is most pleasing to you…