How do you achieve financial freedom and independence? Should you sacrifice it all now in order to have a better life down the road? Truth of the matter is, you can actually do both! The key is to balance aggressive saving with intentional spending to live your life while building for the future. In a…
Category: Saving
Balancing Summer Fun with Smart Spending: Are You Making This Common Mistake?
Is it just me, or do you spend a lot more money during summer than you usually do the rest of the year? There are more things to do, more places to be, and more friends to be with. This all requires more money than you would otherwise normally spend. I am not necessarily talking…
Top 10 Mind-Bending Paradoxes of Wealth, Happiness, and Economics (Part 2)
Last week, we had Part1 of our series about mind-bending paradoxes of wealth, happiness, and economics. Given the popularity of that article, we are doing a second part, delving deeper into more intriguing paradoxes that challenge our understanding of financial well-being and contentment. Let us get into it! The Stock Market Rollercoaster: The stock market…
Unlocking the Mystery: How Do People Afford So Many Vacations?
Social media envy is real, but for me, it’s something somewhat related: I have what I like to call ‘social media curiosity.’ While not very active on platforms like Facebook, X, and others (fact: I have never had Instagram, Snapchat, or TikTok accounts), the occasional times I do go online, one very common post I…
The Unexpected Windfall that Boosted My Savings Rate (But There’s a Catch!)
Recently, I did the math and realized I was saving just about 21% of my net income. While this is good considering my living situation, family expenses, and other factors, I thought it would be even better to increase my savings rate to 25%. However, without making major changes or sacrifices, I couldn’t just boost…
Understanding and Debunking Emergency Fund Myths: Are You Making These Common Mistakes?
Emergency Fund is one of the most discussed, and often very confusing topic for a lot in personal finance. Not only do some people not have one, those who do often fail to understand its basic premise and how to best use it. First, let us try and define what an emergency fund is in…
From Financial Hermit to Hero: Automating Your Way to Financial Freedom
Are you a financial hermit? You know, the alternative to being labeled as cheap or frugal – someone who avoids socializing, going out, or engaging in activities that involve spending money. While maintaining such financial discipline requires hard work and dedication, it can also be draining and unsustainable. Instead of embracing financial hermitage, consider more…
Discover the Shocking Secrets Behind Tech’s Rise and Fall, and how it Relates to your Finances: The Microsoft-Google-Apple Saga!
If you follow tech, you will notice an interesting trend over the last 2-3 decades or so:First, you have Microsoft driving away with the personal PC operating system market, leaving Apple and others in the dust. The Windows operating system has achieved near 80% dominance in the market for over 2 decades. Then there was…
Who Needs a Yacht When You Have Time? Redefining Wealth
What comes to your mind when you hear the words ‘wealth’ or ‘wealthy‘? most of us likely think of money, fancy cars, big houses or mansions, yachts, humongous bank accounts and so on. Some may even have the image of Jeff Bezos, Elon Musk or Bill Gates on their mind. But few think of wealth…
Is Saving Money Really Forever? When Does “Enough” Become “Too Much”?
When was the last time you said to yourself: ‘I am spending too much; I better start saving’? On the other hand, when was the last time you said to yourself: ‘Man, I am saving too much money and need to start spending more’? The first question is not only more likely for the vast…