Guide to Financial Independence – Managing Debt

We all know the old saying “No Pain, No Gain”. That was obviously before borrowing became a way of life! We gain first and then pay the price of delayed financial independence. Debt makes living life much easier. So why not borrow? In an ideal world all of us would be able to control our…

Guide to Financial Independence – Build your Emergency Fund

Emergency fund is something most of us would have heard about or read about somewhere. But have you wondered why it is so important? I apologize for this macabre example, but nothing drives home the point like death does! Imagine a scenario where you have passed on. Hopefully you have planned ahead and have a…

8 Personal Finance Health Checks

Anyone who works in the computer industry would have heard the phrase “Garbage In Garbage Out”. This holds true for our financial lives too. We can live a healthy happy life after retirement (output) only if we save and invest (input) during our working life. This applies to all of us – FI/RE pursuers or…

Can the Procrastination Equation be applied to our Retirement Plan?

I believe only the most serious of us think on each expense that we incur – what is the net present value of the reward we get for saving (earlier retirement) versus the immediate reward of buying (say eating dinner out). Some of us have already incorporated this decision into our budgets to control temptation…

Our Early Retirement Plan – Part 3

You can read an overview of our retirement plan here. Part 1 covered how we planed our retirement date and open questions around location, health and children expenses. Part 2 covered the thought process behind defining our ‘retirement number’ in this post. This is Part 3 of our early retirement plan. I will discuss how we plan to invest our…