I am not a fan of the higher education business model. As far as I’m concerned, it’s the greatest scam ever perpetrated on the American public. First, in order to get its flagship credential—the vaunted bachelor’s degree—you have to spend two-thirds of your time studying material that has nothing to do with your major. Second, …
In the financial independence community, the difference between your monthly take-home pay and your monthly expenses is called the gap. The larger the gap, the more you have to save and invest. The best way to grow the gap is to make more money while simultaneously lowering your expenses. In this post, I want to …
Note: This post was a joint effort between me and Mrs. Groovy. So don’t get thrown by the use of “we” and “our” rather than “I” and “my.” Fritzy. Fritzer. Fritz. Whatever you want to call Fritz Gilbert from The Retirement Manifesto is perfectly fine. Just call him. But wait until tomorrow. He’s celebrating his escape from …
Last week, during one of my daily constitutionals, I had some great thoughts. First, I came up with a pithy way of describing the connection between wallet management and financial independence. Here it is. Feed your desires, starve your savings. Starve your savings, kill any hopes of achieving financial independence. Then I needed some pithy …
Imagine this scenario. You go into a pizzeria for a pepperoni slice and a coke. But there are no prices. When you ask the young lady at the counter what the pepperoni slice and coke will cost, she doesn’t know. In fact, no one who works there knows. The only way to tell is to …