If you do smart things with money for long enough, those around you start to take notice. There is no doubt that you’ll stand out because money sense is not common sense!
Captain FI Net Worth update for December 2019 | +$12,432 and Savings rate of 76% | 2019 in Review
So once you have decided on your strategy to reach FI, figured out which stocks and ETF funds to buy and then gone out and bought your stock, how do you manage your portfolio?
A safe FI withdrawal rate is the rate at which you can safely, and comfortably withdraw money from your investment portfolio during your retirement phase of living
November is done and we are well and truly into the end of the year – This month has been good and I have managed to grow the net worth by over $12,000.
Most countries have a retirement plan that gives employees an incentive to save for their retirement. This usually takes the form of tax concessions or matching contributions.
Investing is like gardening. You need to work and gather resources (i.e. capital), learn how you can put those resources to work properly and then implement your strategy. Afterwards there is always an element of ongoing care needed – watering your garden is like managing your investments.
Inflation is the gradual rise in living costs that occurs as a currency slowly devalues. The rate of devaluation of a currency is called the inflation rate, and target rates are set by governments and economists.
Oct19 Net worth FI update
I often heard that debt was bad, and actually I spent most of my life desperately avoiding all forms of debt. But not all debt is bad, and some can help you towards FIRE