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…]

No-Nonsense DIY Expense Tracker

Pigy-Bank-with-Coins-2

The goal of any self-respecting freedomist is to free himself or herself from the tyranny of financial dependency. When you have to work in order to survive, you’re financially dependent. When you don’t have to work, when you only labor because it suits your whim or excites you, you’re financially independent. To achieve financial independence … [Read more…]

Lending Club and Risk Taking

RockClimber2

A few months back I came across a company called the Lending Club. And from what I read, it struck me as having a very intriguing business model. Here’s how the Lending Club works. Potential borrowers with relatively small loan requirements join the Lending Club (average loan size is $14,553). The Lending Club determines the … [Read more…]