How to Start Working Out Your Saving Muscles

SavingMuscles

To achieve financial independence (FI), you have to save at least 25 times your annual living expenses.* For example, if it costs $25,000 a year to feed, clothe, shelter, educate, doctor, and entertain yourself, you’ll need to save $625,000. Once you’ve hit this savings multiple, you can live off the dividends and capital gains that … [Read more…]

Buying a Second Home?

Buffalo

Have you thought about buying a second home? Maybe you’ve dreamed of owning a vacation retreat? Like many of you, Mr. Groovy and I have had visions of escaping to our own little wonderland. I’d like to share with you what we have learned as we pursued buying land and building a second home. Reasons … [Read more…]

Government Sucks – Part 1

Corruption

This is Part 1 of my Government Sucks series. To begin this series, I want to give you an insider’s view of the municipality that employed me for over twenty-one years, the Town of Oyster Bay. The Town of Oyster Bay (aka the Town) is located in Nassau County on Long Island, and the services … [Read more…]

Beware the Compassion Industrial Complex

prisoner2

Financial columnist Barry Rithotlz authored a great tongue-in-cheek column in Friday’s Washington Post on how to ruin your financial life. If you faithfully adhere to his bizarro-world “guidelines” over your lifetime, you will likely die miserable and broke. The only “guideline” I have a problem with, though, is the one regarding our country’s safety net … [Read more…]

Government Sucks – A Series

Danger2

One part of me really appreciates government. Without government, it would be impossible to justly restrain our wolfen nature (due process for the accused doesn’t happen naturally), and it would be difficult if not impossible to provide a number of vital goods and services (roads, courts, environmental regulations, and national defense don’t happen naturally). And … [Read more…]