I’m in a funk. I normally enjoy the financial podcasts that Mrs. Groovy and I listen to during our daily constitutional. But lately, all the “unpacking,” all the “inflection points,” and all the pithy axioms are boring me to tears. Could it be that I have descended into peak financial independence? Just how long my …
It’s been a lot of fun in Groovyland lately. Last week, Mrs. Groovy and I ventured up to Atlantic City to meet some New York relatives, particularly a 97-year-old aunt. And we had a blast. The casino we stayed at was a bit tired, but its staff—from the front desk people to the bartenders—was great. …
If you’re a FIRE enthusiast, and you don’t want to be mocked and vilified by other FIRE enthusiasts, you better know the following numbers like the back of your hand. Monthly Expenses In order to know your FI target number—the amount of money needed to be considered financially independent—you need to know your monthly expenses. …
Continue reading “Four Things Every Self-Respecting FIRE Enthusiast Should Know”
I’m far from a genius. In fact, I think I have a rather pedestrian mind. But I also think I’ve stumbled upon some profound insights in the course of writing this blog. And when one of those profound insights is confirmed by a famous blogger, which happened last week, I can’t resist the all-too-human urge …
This post was last modified on 8/16/2019 because Steverark pointed out a glaring deficiency in my MRI-RI Calculator that couldn’t be ignored. I neglected to account for inflation. Someone who is spending $40,000 annually today will be spending a lot more than that 20 or 30 years hence. Over the next couple of days, I …
Continue reading “Minimum Required Income for Financial Independence”