savings Archives - CLIPPING CHAINS

Neil Phillips: Money as a Means to an Incredible Journey

Mr. Clipping Chains — Mon, 24 Aug 2020 13:49:00 +0000

This week I am very pleased to bring you an exciting interview with a climber and young professional that you don’t know: Neil Phillips. As a matter of fact, I’m 100% positive that you don’t know Neil Phillips, because that’s not his real name. And I get that too, because I also don’t use my …

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How to Destroy Your Finances in Your 20s and 30s

Mr. Clipping Chains — Mon, 03 Aug 2020 14:00:00 +0000

The following are fictional narratives of many of the character traits, decisions, and habits that either my wife or I have exhibited, or those observed or communicated by readers of this website. Let’s examine together some of the many common scenarios where young people set the ball rolling on a path to destroying their finances. …

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The Simple Systems to Kicking Monetary Ass

Mr. Clipping Chains — Mon, 13 Jul 2020 12:59:00 +0000

The often-touted rule-of-thumb for achieving financial independence is to secure 25 times one’s annual expenses via intentional saving and investing. Even though these are simple systems, we know from the second or third grade that multiplying things by 25 produces much bigger numbers than the thing itself (our spending in this case). Therefore, it seems …

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Market Timing: Why It (Still) Doesn’t Work

Mr. Clipping Chains — Mon, 13 Apr 2020 13:00:00 +0000

Oh boy! Nothing like a good bear market/recession quick-slider combo to stir the simmering pot in the investing world! There’s no need for a long introduction. Let’s dive into the meat: why market timing still doesn’t work. “Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has …

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Chelsea Murn: Wellness for All

Mr. Clipping Chains — Mon, 26 Aug 2019 13:00:42 +0000

This week I’m happy to bring you a conversation with Chelsea Murn, a 28-year-old climber, health coach, and dog-mom from Spokane, Washington. I don’t exactly remember how, but I stumbled on to Chelsea’s profile on social media (Instagram actually). Over the months I’ve noticed that she has a drive to be more than just a …

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Do You Deserve a Life You Can’t Afford?

Mr. Clipping Chains — Mon, 19 Aug 2019 13:00:04 +0000

This is a tough subject, brimming with unspoken taboos. The more I’ve researched, read, and written about personal finance, the more deeply I’ve come to understand a fundamental truth: many people want a certain lifestyle, and they are going to live that life regardless of whether there is money to support it. Do you deserve …

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Early Retirement: Is It the Solution?

Mr. Clipping Chains — Mon, 22 Jul 2019 13:00:38 +0000

Alrighty then, let’s get back down to some brass tacks, shall we? I originally started this website in a heartfelt effort to get folks thinking about their finances. And what was the bait? It was our story of a potential early retirement. So how is our plan coming along? Lordy, Lordy, nothing gets people more …

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But I Don’t Want to Be Frugal

Mr. Clipping Chains — Tue, 28 May 2019 13:00:39 +0000

You’ve read a bit about financial independence, and perhaps your interest is piqued. But the more you read, the more you see a potential life of deprivation. People are saving 50-70% of their income, but they won’t buy a coffee! You know damn well that Sally enjoys eating out, but now she just stays at …

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Reader Case Study: Maximize Adventure or Career?

Mr. Clipping Chains — Mon, 15 Apr 2019 13:00:06 +0000

Full disclosure, I’m posting this week’s case study as an interview, but no one is being interviewed here. This post is the amalgamation of several email discussions I’ve had with readers in the last two to three months. The premise is this: folks out there know some form of career is necessary, but they’re overwhelmed …

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Tracking Your Spending: The Ultimate Task

Mr. Clipping Chains — Mon, 11 Mar 2019 13:00:25 +0000

I realize that only some small subset of the folks who end up on this website are likely to pursue financial independence. It’s not for everyone. But if we can make a single small impression on you, dear reader, it would be to invest time in tracking your spending. It doesn’t matter if you are …

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