Category: Financial Freedom
Is An Emergency Fund Beyond 5K Overkill?
Last week, I came across a post by Greg McFarlane over at Investopedia called, Why Emergency Funds Are a Bad Idea. And before I weigh in on the crux of his argument, I thought I’d review my emergency fund experience. My Emergency Fund Experience First off, Mrs. Groovy and I got very lucky when it…
The Back Door Junior IRA
The Republicans in Congress had eight years to come up with an Obamacare replacement. And what did their fertile minds, brimming with immense critical thinking skills come up with? Obamacare 2.0. Really guys? For eight years you’ve been telling us how awful Obamacare is. Why, it’s not only a colossal failure when it comes to…
A Groovy Book Review: High School Money Hacks
Michael Srinivasan, who writes over at Stretch A Dime, gave me a copy of High School Money Hacks which he co-authored with Kyle Davis. He requested a book review and I immediately agreed. Then I suddenly panicked and went into severe nail biting mode. “What if it stinks?” I thought. Well, I wasted a perfectly…
How to Survive Expensive Urban Life
I’m a fraud. Or at least that’s how I often feel. Yes, groovy freedomists, I suffer from impostor syndrome. Oh, yeah, I’m a big tough guy. I’m financially independent. But I don’t have any kids. And when Mrs. G and I left high-cost New York for low-cost North Carolina in 2006, we arrived with no…
Government Spending: Be Afraid, Be Very Afraid
I was bored last night, so I decided to determine what my effective tax rate for 2017 is going to be. Since I know what my income and property taxes will be for 2017, this calculation was rather straight forward. Here it is. The only thing that posed a little problem was estimating the amount…