Tag: the gap
Doing Poverty Right
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…
Do You Know Your Financial Shit?
Oh my gosh. We’re practically half way through August. FinCon 2017 is just around the corner. Sadly, Mrs. Groovy and I aren’t attending this year’s conference in Dallas. Too much on our plate. (I know. Lame excuse.) But if we were attending, I’d be nervous as hell. After all, to the blogging community, I’m a…
There Is No Excuse for Being a Financial Moron
Prior to my fortieth birthday (I’m 55 now), I was a financial moron. I wasn’t good at making money, and I wasn’t good at saving money. My financial IQ was appalling. Rudimentary financial concepts such as “pay yourself first,” “build an emergency fund,” “automate your savings,” and “invest in low-cost index funds” were utterly alien.…