• Flexible FIRE Ideal Day

    Flexible FIRE Follow-Up: Your Ideal Day

    As a follow-up to my most popular post to-date, I want to dig in a bit deeper with another dreaming exercise: Your ideal day. Flexible FIRE is all about having choices and creating the life you want to live right now…well ahead of the the traditional FIRE timeline (20+ years in most cases). In both instances though (Flexible and traditional), it is helpful to picture what your ideal day may look like before you get there so you don’t arrive and risk feeling lost. Ideal Day This is where you get to dream big my friends and create the ideal day for yourself. Really envision what a day would look…

  • Chasing FIRE: 30 Days In

    Chasing FIRE: 30 Days In

    Well, that flew by! Just like that, Chasing FIRE has been live on the internet for 30 days. It has been a rewarding 30 days and I’m certainly looking forward to see how this blogging journey evolves. For those interested, here is a snapshot of pageviews by day (obviously not publishing new content at the same rate as I started out, gotta work on that!): I didn’t know what to expect heading into this regarding visitors to the site. I must say I’m pleasantly surprised by 845 pageviews in the first month – seems like it could be a good sign of things to come. And if I’m being honest,…

  • Flexible FIRE

    Flexible FIRE

    Although typical FIRE (Financial Independence/Retiring Early) gets all the attention and accolades these days across the interwebs, its lesser known relative Flexible FIRE deserves a serious look as well. As I mentioned in a previous post, typical FIRE consists of creating an investment portfolio that is large enough to sustain your level of spending forever (simple calculation is 25x your annual spending). This usually means spending a good chunk of your life earning/saving to reach that milestone – going to a job, that statistically, you probably don’t enjoy 100% of the time – before finally pursuing your dreams. It involves limited free time and dedicated hobbies, putting them off until…

  • Playing with FIRE Documentary

    There is a new documentary coming out in early 2019 called Playing with FIRE and I can’t wait to check it out! It features some heavy hitters in the FIRE movement (including many on my Resources page) and I have a feeling it will change some lives in the process…especially for those that haven’t stumbled across this movement in blog form yet 🙂 So without any further delay, here is the trailer for Playing with FIRE: I can’t find an exact release date but will be sure to update you when one is announced. For a little more information regarding the documentary click here. This trailer gets me excited for…

  • Initial Financial Update

    Today I start sharing my family’s progress towards Financial Independence (FI). I envision this being a quarterly update going forward (so the next one will be in January), but I wanted to get the first one out there now as a way to set the stage for things to come. As you will notice, I am not going to use our actual numbers. Instead, I will be using percentages to illustrate my family’s progress. The main reason for using percentages instead of actual numbers is this: it’s really not that important what the number is! It’s called personal finance for a reason…because it’s personal! Everyone’s number/goal will be different and…

  • Why Vanguard?

    By now you may have noticed that I’m a big fan of Vanguard when it comes to choosing a company to invest your money with (mentioned here, here, and here). Several readers have been wondering why I specifically chose Vanguard to invest with…this post will attempt to answer that question.Unlike other investment companies or brokerage firms, which are owned by third-party shareholders, Vanguard is owned by the mutual funds they sell/operate. So instead of worrying about short-term, quarterly results and maximizing profits, they take a long-term approach to results and focus on minimizing fees. This difference is huge and should not be ignored as fund management fees are one of…

  • Personal Capital: All-in-One Tracking Tool

    A key aspect of reaching financial goals is tracking where your money is going and being invested. If you are currently signing in to 23 different websites to update your own financial spreadsheet like I used to do before coming across Personal Capital about 5 years ago…prepare to be impressed and save large amounts of time! Personal Capital is a wealth management company that provides its users with a wide-array of financial tools for tracking their money – everything in one sign-on and ALL FOR FREE! After years of using Personal Capital, I can assure you there are no catches, the use of their tools is always free and they…

  • Intrigued? Keep Reading!

    Without throwing too much at you to start, here is a list of four books that should be on your reading list RIGHT NOW. Feel free to choose the order, but my suggestion is to read Your Money or Your Life first followed by The Millionaire Next Door, then pick your poison for the final two. To get a flavor for each book, feel free to click on the titles and read the descriptions provided. I’ve found that these books provide a wonderful low-risk, high-reward investment in terms of knowledge and future earnings potential…which is ideal 🙂 Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money…

  • Game Changer

    This will undoubtedly be one of the most important blog posts I write for newcomers to the FIRE movement – it has the potential to be that powerful. As I promised in my previous post, it’s time to decide where to put the money that is starting to build up in your bank account. The first order of business is to assess your current financial state. Do you have debt to take care of? Currently investing money somewhere? You should gather these details if they are not already top-of-mind. With that step taken care of, the next decision is where to focus your financial efforts. For the majority of people,…

  • Where to Start?!?

    Great question! And I’m glad you asked. Hopefully by now you have some excitement around this crazy new concept (not working until age 65). Ideas are popping up in your head, even when you’re supposed to be hard at work for your employer (gasp!). I get. I still catch myself daydreaming/scheming and I’ve been thinking about this stuff for years now. At the same time, it can be overwhelming! Today I’m going to help you focus your excitement into three main areas: Nest Egg Needs, The Big Three, and Increase Investments. Let’s get started! Nest Egg Needs About 6 years ago when I came across the concept of FIRE, I…

  • Running Away, or Towards Something?

    4:10 a.m. this morning, the alarm goes off. I have my alarm set so it gradually gets louder over the course of 60 seconds so it doesn’t shock the system too much. Well, it was blaring this morning when I finally heard it, so that means I was sleeping soundly…well into the alarm. It also means that I was comfy as hell laying in bed! I’ve grown accustomed to getting out of bed before 99% of the people in my time zone are awake over the past several years to get my morning run in. Not everyday mind you (I need quality sleep some nights ya know?!?), but usually 1-2…

  • Dreams & Goals – Remainder of 2018

    As I talked about in my previous post, dreaming big is important to me. Here are some of my dreams & goals before 2019 rolls around. Max out 401k: I am currently on pace to do so this year and have no plans to alter my contributions. If this happens, it will be the first year of maxing out this account ($18,500 of my own contributions, employer match is on top of that).  Get rid of Mortgage Insurance Premium (MIP): Ok, this is a lofty goal to achieve yet in 2018, but crazier things have happened. We are about $6,500 away from getting rid of our MIP for good!!! Words…