Beyond Financial Independence

Advice for Entrepreneurs: RE Retirement

September 16, 2012 · No Comments

Do not depend on the sale of the business for retirement. Max out retirement accounts as soon as possible, and transition your business so you are not the key player.

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No CommentsTags: Vault · Venture

Personal Finance Books: Do They Really Work?

June 04, 2012 · No Comments

In this article we will discuss the question of personal financial books and if they really can help you. I will also give you a quick reading list of my personal favorite finance books that I try to read once a year.

I will also list a few of the most popular finance books out on the market today. If you've read a great personal finance book, tell us about it in the comments section.

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No CommentsTags: Cache · Hoard · Vault

Your Home: How Much House Do You Need – Part II

June 03, 2012 · No Comments

I was asked to cover a few more topics on the issue of “How Much House Do You Really Need”. This article applies to first time home buyers primarily, but others can also take something of value from this article.

In this article we will cover how you can build equity in your home, the monetary waste of mortgage insurance and  how to not pay it and determining how much you can afford when looking to purchase a new home.

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No CommentsTags: Cache

BeyondFI: Know Your Money: What is HOARD?

May 27, 2012 · No Comments

This is not about getting rich quick. It is about creating long term financial independence.

If you are extremely lucky you learned the basics of personal finance from your parents. Maybe you were lucky enough to spend a few hours during Home Economics to learn about personal finance in school. I mostly remember the cooking. The point is, most people in America are not taught how to be good with their money. Advertisers are excellent about teaching consumers to spend their money. So armed with little training about saving, investing and delayed gratification; Americans often spend all of their take home pay and then go into debt to buy even more.

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Expenses: 25 Ways to Cut Expenses and Increase Your Savings

May 25, 2012 · No Comments

We've all seen the lists out there of how to cut our expenses and save money. So I thought I would create my own list of things that I know of and things that I have done and used or plan to use to save money. Even if you only use one of these ideas it will be worth it. Let's cut those expenses and start saving today.

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No CommentsTags: Cache

How Much Money Do I Need to Achieve Financial Independence?

May 24, 2012 · No Comments

How much money do I need?
A popular question for people choosing “traditional retirement” and those who have seen the light and want to become work optional while they still have the time and energy to enjoy their new found financial independence, is how much money do I need? 25 times your expenses is all you need. Which is why we are constantly looking for way to cut expenses.

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No CommentsTags: Hoard

BeyondFI: Know Your Money: What is VAULT?

May 23, 2012 · No Comments

Vault in the beyondfi.com method of financial independence represents all of the accounts that most people classify as retirement accounts.
 
Vault money will not help you in the short term for financial independence but having that money growing either tax free or tax deferred can be a big boon in the offsetting higher health insurance and health care costs at age 59½ when health care costs are likely going to be increasing for you and your family. This makes investing for the traditional retirement age a part of any sound plan for financial independence.

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No CommentsTags: BeyondFI method · Vault

Improve Your Financies In Two Easy Steps

May 13, 2012 · No Comments

Step 1 track your spending, this is easily done through online services such and Mint.com. Step 2 get a rewards card to get your cut of the bank's profits.

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No CommentsTags: Cache

Your Home : How Much House Do You Really Need?

May 12, 2012 · No Comments

Most homes in the city I live in look like the one in the top left. That's an average home. It probably costs around $115,000. Should you buy this home or a nicer home? How much could you save if you bought a not-so-nice home and invested the extra money?

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No CommentsTags: Cache

BeyondFI: Know Your Money: What is CACHE?

April 28, 2012 · No Comments

In the BeyondFI method CACHE is the money that you have near instant access to. This clearly includes cash, your savings account, checking account and yes the money you can access on your credit cards. Many debt reduction plans would call this your emergency fund.
 
Once you have your cache setup you will be ready for the next step. Building your Hoard. The nice part about building your cache is you start to see how money attracts money. As you build your financial confidence, saving and investing become easier which allows you to save more and earn more on your money saved.

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No CommentsTags: BeyondFI method · Cache