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Category: Financial Independence Retire Early

Vanguard Target Retirement Funds vs. DIY Admiral shares

Vanguard Target Retirement Funds vs. DIY Admiral shares

If you’re a beginner or a passive investor, you want a diversified portfolio so you can passively invest and not have to worry about it. Don’t want to keep your eye out on the market? You probably want to be a passive investor. If you’re in a low tax bracket, it might not be worth it for you to do tax loss harvesting manually. But if you’re putting your money in Vanguard, you’d have to do your tax loss harvesting…

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FI/RE for Non-US residents: Currency Hedged SP500 Funds

FI/RE for Non-US residents: Currency Hedged SP500 Funds

The other day I was on Reddit and someone had said his advisor told him there weren’t any ways to hedge against a USD ETF. This particular person’s home currency was the Euro, which is why I was so annoyed at the advisor.┬áThis was immediately a red flag, as most advisors should be aware of such a product, or at least be able to Google it and see an answer on the first page of their search. If you want…

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i401k or SEP IRA: An extra $54,000 in tax advantaged retirement accounts a year

i401k or SEP IRA: An extra $54,000 in tax advantaged retirement accounts a year

If you’re self-employed or have a side hustle, you have the best retirement accounts available to you. Have you ever wondered if an i401k or SEP IRA was better? A normal 401k has a contribution limit of $18,000, with an additional $6,000 in catch-up contributions if you’re 50 and older for the year of 2017. For an IRA, your maximum contribution is $5,500, with an additional $1,000 catch-up contribution if you’re 50 and older. For the long-term, I’d recommend a…

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Hustle in your 20s to be financially independent in under 10 years

Hustle in your 20s to be financially independent in under 10 years

Sometimes it seems impossible to reach financial independence. That kind of thinking is wrong — you can easily do it in less than 10 years. You’re awake for 16 hours a day, 112 hours a week. What do you do with your time? Throwing around some numbers, it’s around an hour a day to eat, an hour at the gym 5 times a week to stay healthy and active, an hour a day for your commute, 8 hours a week…

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Spend less than 2 hours and $40 making your entire week’s meals

Spend less than 2 hours and $40 making your entire week’s meals

I bet if you made your own meals at home in one go, you’d not only save on dollars, you’d save a ridiculous amount of time too. I take 2 hours to meal prep for the week, so that comes out to 17 minutes a day I “spend” on making food. Back when I used to eat out all the time, I probably spent 20 minutes going down to my cafeteria and getting some breakfast. For lunch, I’d either go…

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Make a few thousand dollars by saving for an emergency fund or moving it around

Make a few thousand dollars by saving for an emergency fund or moving it around

According to Vanguard, 60 percent of Americans don’t have enough saved up to last 3 months. I shudder to think of what the number is when it comes to 6 months. Given that we’re 10 years past the last recession, we’re due for layoffs soon — No, I’m not one of the people who call for a market dip every year, but sometime┬áduring your working life, you will most likely be laid off. Plus with all the continued automation and…

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Spend ~$40 on groceries a week and live extravagantly

Spend ~$40 on groceries a week and live extravagantly

Most people can’t tell you how much they spent on food in the last month. Can you? I firmly believe that anything you don’t track leads to inflated waste. Your mind is wired to love instant gratification, and will push that extra $5 you spent on your latte or the $20 takeout you order multiple times a week to the back of your mind. Those expensive meals from fast food restaurants or gourmet restaurants cost 4 times + the amount…

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Tax Loss Harvesting for newer investors

Tax Loss Harvesting for newer investors

Every year, the IRS allows for $3,000 of tax losses on securities. Any losses higher than $3,000 are rolled into later years. But why would one want to have losses on their securities? We’re here to make money right? Well, some brilliant person many years ago realized that you could artificially have tax losses by buying and selling correlated pools of securities (ETFs, indexes, mutual funds). I’m 25, and plan on being FI/RE by 35. As a conservative assumption, I’ll…

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The average American can save $200k in management fees easily

The average American can save $200k in management fees easily

Have you ever looked at the management fees of your investments? For most people who glance at their statement, a fee of 1 percent doesn’t seem like much. It’s only 1 percent right? It’s going to cost you if you want to retire in less than 10 years, or any number of years. Get your financial future set up with these five other easy actions. Take a look at the VTSAX, the Vanguard Total Stock Market Index Fund, which has…

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They reached Financial Independence, why can’t you?

They reached Financial Independence, why can’t you?

As human beings, we tend to think of things as impossible unless someone else has done it first. If someone told you that you could reach financial independence in less than 10 years? What would you have thought? For years, scientists told the world that a four-minute mile couldn’t be broken. For 9 years, the world record stood at 4 minutes and 1 second. In 1954, Roger Bannister ran a below-4 minute mile. Soon after, athletes began breaking the the…

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