What is VTSAX and Why Invest in It: A Brief Overview

You’re not the next messiah, or even the next Warren Buffett. You cannot predict what will happen in the markets. Accept this first and foremost. With this understanding, the next best thing you can do is invest in a collection of businesses that are projected to perform well in the long run, like Vanguard’s VTSAX and check your emotions at the door.

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This, Too, Shall Pass: Staying Strong During The (Coronavirus) Market Dip

Keeping calm while everyone else around you is panicking is not easy to do. We so easily succumb to societal pressures and for good reason too. It’s the evolutionary response to survival. You run when everyone else is running because the bear is coming. But remember, eventually the bear will tire itself out, recede, and the bull will take charge. So the best thing I can tell you to do in a bear market is to endure it. Do not sell, continue investing and I promise you, this, too, shall pass. And if it doesn’t? Well then, like I said, we have far greater problems to face. Oh, and probably most important advice of all, regardless of coronavirus – WASH. YOUR. HANDS!

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The Milestones of FI

Reaching FI or fat FI doesn’t mean it’s time to sit on your ass and do nothing. Hopefully over the several years it took you to reach this milestone you’ve thought about and maybe even started implementing ways you want to live your life. This might mean blogging, writing a book, volunteering, spending more time with family, working part time for a company with a desirable manifesto and moral backbone, or focusing on your painting or fitness goals. Or maybe I’m being too cynical and you love what you do now, keep doing it but without the added stressing of needing a paycheck. Whatever it is be mindful of the lifestyle you choose to lead after FI. It should be a life of value and meaning. It doesn’t have to be a busy or overloaded one that mirrors the 60 hour work week you wanted to leave behind, but it should compensate the hard work you put in to achieving FI. Do something worth while with your new found time. I would guess that most people, myself included, strive for FI because they recognize just how valuable, precious and limited their time is and most of it is dedicated to work instead of family, to commuting instead of traveling, and to busy tasks and lengthy meetings instead of hobbies and passions. FI is a way to get that time back and put it towards what truly matters to you.

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Passive Investing: How to Float Your Way Through the Economy

You need to be mindful of your money and how that impacts your future. There’s no lottery coming your way, no wealthy individual waiting to sweep you off your feet, no inheritance check, no one to throw you a life line. Whether or not those things may actually be true, you never know when either one might run out ::I’m looking at you, social security:: Don’t rely on somebody else to save your ass! You don’t need to understand the stock market at a level to hold conversations with Warren Buffett – you just need to understand that investing today is essential for your future. The rest will come together and I, along with some amazing other bloggers I’m going to mention, will help distill the information. Got it? Good.

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5 Mistakes I Made That Racked Up $70,000 in Student Loan & Consumer Debt

Going into debt is not inevitable nor should it be considered a ‘normal part of life’. It’s not like getting braces, having an awkward first kiss or getting a pimple. Instead, our financial choices can last much longer than our awkward teenage years. Deciding to take on debt should hold more weight than it currently does and it’s something you need to seriously consider before signing up.

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What is F.I.R.E. (Financial Independence Retire Early)?

Early retirement sounds great on paper but it’s actually really really really boring. Sure, the first couple months to a year might be nice, especially if you’re leaving a stressful, fast paced job ::flash forward to sipping Mai Tais on a beach:: But people need to feel like they’re contributing to society. And one too many Mai Tais leads to a bad hangover. We need goals to work towards, tasks to stay busy, socialization and community. We get a lot of this from our jobs. Many young adults who become financially independent go on to do things they are passionate about at their own speed without the added pressure of needing a job for income; they take lower paying jobs in a non-profit sector they truly care about, start their own business, switch careers, become stay-at-home parents, volunteer, or fully engulf themselves in their hobbies. It’s a chance to slow down and take a more mindful approach to life. It’s freedom.

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