How to not pay taxes (legally)

This isn’t a post about tax evasion or money laundering, this is going to be about using the systems put in place by the government so that you don’t have to pay income taxes, ever. The most important thing that we need to understand is maximizing the standard deduction....

It’s a tax party

I’ll try to make this one as not boring as possible as for many, taxes can be a bit dry. Trust me on this one, understanding how taxes work, even on a high level over view, can increase your savings and accelerate your path to financial independence. Today, we...

Rethink everything

Look at your budget. Like really look at it. Well, first thing’s first. If you haven’t already, make a budget, THEN look at it. I want you to look at everything on your budget and mark things that you can adjust. Not necessarily that you will end up changing...

For all you retirement pessimists out there

I have many friends and family who are convinced that retirement is either impossible or won’t happen until their 60’s or 70’s. I have provided a link to a project that I have been working on (at the bottom of the page) to give my readers a glimpse as...

Costly dollar averaging

Or to be more proper, “dollar cost averaging” is simply a way for investors to feel safer about the buying price of their equities. To get the overview here, in most stock market investments, we have 2 main events, buying and selling. There’s some stuff in the middle there...

Why you shouldn’t invest

So you have followed the steps so far. You’ve created some gap in your budget and found some positive cashflow to toss into savings. Now you’re reading this blog and you’re like “Okie Dokie Captain! I’m down with saving and whatnot, but investing? Sounds like a scam to me!”...

Opportunity Cost

In saving and retiring we have to understand a concept called opportunity cost. This is the cost associated with doing one thing over another. This doesn’t only apply when financial matters are concerned but pretty much whenever a decision is made. For instance, if I wake up one morning...

Maximizing your 401(k)

Okay, so you want to invest. You’ve been convinced. After reading blogs like mine and listening to podcasts like those at ChooseFI, you’re finally ready to take the plunge. But how? Where do you start? Do you support this blog by using my Robinhood referral code? No, sadly you...

Dark Clouds

We are in the midst of a fire sale, and if fear has been steering you clear of entering the market, read carefully. Equities, whether we are talking index funds, mutual funds, stocks, ETFs or whatever else you may be investing in, are on sale. What does this mean?...

The Space Between

Becoming financially independent, entering early retirement, or not having a full clench moment when the mechanic hands you the bill is about creating space. By that, I don’t mean leaving the mechanics shop without paying. I’m talking about financial space between what you make and what you pay. Here’s...