Articles on investing, real estate, wisdom, frugal life thinking, & financial independence
For those of you not familiar with the 4% rule, it is a general rule of thumb used by financial professionals (or commentators) on a safe annual withdrawal rate during retirement. The general idea is if you never withdraw more than 4% (I believe the exact rate is 4.2%), in any given year, you will …
Continue reading Why I was a disbeliever of the 4% retirement rule!
The quick answer is because they can, but that answer is not satisfying enough for me right now. Let’s define the type of money wasting I am talking about. Not the type of money wasting, like buying a boat, leasing a high-end car, eating out every night, or shopping for junk you don’t need. No …
Continue reading Why Wealthy Individuals Intentional Waste Money!
Generally, I like to consider myself frugal, even take a bit of pride when I get a good deal. That said, I am sure others can show me up in the art of frugality. One thing though, that gets missed in the process of being a frugal master, is the cost of time. It is …
Grateful Banker 