Beyond Financial Independence

Entries Tagged as BeyondFI method

BeyondFI: Know Your Money: What is VAULT?

May 23, 2012 · No Comments

Vault in the 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

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

Welcome to Beyond Financial Independence

April 14, 2012 · 1 Comment

The likely reason you came to this site is you realized or someone close to you realized that you are simply not “getting ahead.' At some point most people in the United States come to realize that they are sick and tired of working everyday and seemingly have nothing to show for it. Most of these people are consumers in the purest since of the word. Consumer by the way is what credit reporting agencies call the people they have credit reports on. Which as you will find out, is exactly what they are, consumers consume their wealth.

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1 CommentTags: BeyondFI method · Cache · Hoard · Vault · Venture