Funding the Adventurous Life
A combination of economic and cultural influences are propelling the trend of delayed adulthood. Through low-commitment job grazing, one can pursue recreational pursuits into the years previously occupied by traditional adult responsibilities: marriage, careers, parenting, and even home ownership.
Some might say YOLO. Life isn’t as short as we think, but our ability to get ahead might be.
Continue reading “Three Important Myths on Delaying a Career”
We are prone to believing that outcomes will have stronger emotional impacts on us than they often do. This state of expectation, or impact bias, highlights why anticipation of an event is a much more palpable emotion than the event itself. The impact bias can lead to behaviors that make us less content despite our best efforts for happiness.
Let’s learn more about how to recognize this bias and make better decisions for our future.
Continue reading “The Anticipation Of The Thing Is Greater Than The Thing”
In her late teens and early twenties, Shay Skinner was disowned from her family. She struggled with crushing mental illness, which ultimately culminated in a suicide attempt that left her in financial ruin. From this dismal situation, Shay filed for bankruptcy and began a long and fruitful climb toward being whole again. How can we summon the courage to take such measures of personal accountability?
Continue reading “It’s Not All Hard Luck with Shay Skinner”
The 4% rule suggests that a retiree who withdraws no more than 4% of their portfolio each year could have provided for a 30-year retirement window during most historical retirement windows. And that is true! The problem is that the FIRE community, however, perpetuates at least two misconceptions when discussing the 4% rule. Today, we address those common misconceptions about utilizing investment income. And, most importantly, we discuss how to use a flexible withdrawal strategy to weather bear markets and/or reduced future returns.
Continue reading “Can The 4% Rule Actually Work For Early Retirement?”
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Today’s guests on episode 44 are Meghan and Jeff, two Colorado climbers who are at very different positions on the spectrum of financial independence. Jeff achieved financial independence along with his wife, Rose, over four years ago. Meghan, along with her husband, were inspired to get serious about their personal finances after meeting and learning from Jeff and Rose. Jeff and Meghan now write about their experiences and learnings at awaytofi.com.
Today we discuss their different origin stories, long-term goals, and shed some light on the fraught balance between work, money, family, and the seemingly elusive control of our time.
Continue reading “Earning to Buy Time with Meghan and Jeff (A Way to FI)”
This week the Biden administration announced the Student Debt Relief Plan. This controversial piece of legislation is a historic student loan forgiveness program for college students, providing relief of up to $20,000. Importantly, many will be able to erase all student loans!!
Regardless of opinions on the matter, here’s what you need to know, and most importantly, what you need to do.
Even if you don’t have student loans, help spread the word on this time-sensitive opportunity.
Continue reading “Student Loan Forgiveness: Here’s What You Need to Know”
With the passage of the Inflation Reduction Act, the obvious talk of the nation has been the sweeping and historic changes to US energy and the environment. And rightfully so. But today let’s discuss the good news for Americans exploring healthcare insurance coverage options outside of workplace-sponsored plans.
Continue reading “The Inflation Reduction Act: Exciting News for American Health Insurance”
Today on episode 42 I’m very pleased to host this enjoyable conversation with entrepreneur and climber Ashley Green of Climb On Equipment, a climbing specialty retailer in Squamish, BC.
Today we discuss how Ashley, at age 27 and with hardly a loonie to her name, came to own this business and turn it in to the thriving pillar of the community that it is today. We dive deep into the mechanics of funding this endeavor, maintaining a work/life balance of a serious climber and prospective mother, expanding and building a team, and the value of capitalizing on the serendipity that befalls us all. Finally, we touch on some of the specific town dynamics of Squamish in particular, a place like no other I’ve ever been.
This is the story of a young person getting two struggling businesses, taking risk, and building something amazing on the path toward financial independence.
Continue reading “Ashley Green: How to Create Enjoyable Business Success at Age 27”
We’re back to the digital mailbag to answer your questions!
For this week: