The people over at TicTocLife tweeted this yesterday: In what ways do hedonic adaptation (and the hedonic treadmill) affect your path to financial independence? Is there a particular area of your spending that seems more vulnerable to it? I know ours is in foreign experiences as we crave increasingly niche travel. pic.twitter.com/wAKgUkRjZl — TicTocLife (@TicTocLifeStory) […]
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September Performance, Day 2829: Down $140,847
My main goal* was to build an investment and cash portfolio of $1,120,000* ($1,000,000 to retire on and $120,000 to pay off the house) in 1500 days**, starting from 1/1/2013 and ending in February of 2017. I made my goal in 2016, my 1500 Days are over, and I’ve left my job. In the interest of openness, I’ll continue to share […]
When leanFIRE Goes To fatFIRE: Lifestyles Of The Dirty And Smelly
Let’s begin with some definitions: leanFIRE: Retiring on just enough to exist. You may have to: eat dog food live in a musty basement keep the thermostat at 55 in the dead of winter But you don’t have to work. fatFIRE: Retiring with way more than you need. You can: go to Taco Bell every […]
Demand The Best For Yourself
How long are you going to wait before you demand the best for yourself? -Epictetus I’ve had a project idea for a couple of years now. It has loads of potential but I just haven’t been able to muster up the motivation to execute. I wondered why for a long time and realized that much […]
What is Your Money Moment?
Hi there, Mrs. 1500 today. (Boy, it’s been a while.) I interviewed Chelsea Brennan on my podcast a few weeks ago, and the show airs today. (Check it out at www.biggerpockets.com/moneyshow145 or download Episode 145 of The BiggerPockets Money Podcast on your favorite podcast app.) In the episode, we talk about Chelsea’s money story. (The […]
COVID Life, Fire, And Ice
I have a feeling that the world will shut down again soon, so we’ve been battening down the hatches. We bought extra computers and set up the girls with desks in their bedrooms. I’ve also been trying to complete remodeling projects at warp speed in case Longmont stops building inspections. I’ve had little time to […]
Withdrawal Strategies Part 2: Roth Conversions, Health Care, And College
Yesterday, I wrote a post about my withdrawal strategies and there were some comments about Roth IRA conversions that have me reconsidering my strategy: The Physician on FIRE and Done by Forty echo this strategy: I had mentioned that one of my goals was to draw down 401(k) accounts before age 72 to reduce the […]
Money Withdrawal Strategies (Keeping The Tax Man Away)
Money is a precious resource that must not be wasted. It isn’t easy to collect those dollars, so they should be saved, invested, and spent with maximum efficiency and thoughtfulness. Between investing and spending comes withdrawals. Since most of us have money tied up in multiple accounts, it makes sense to take money out strategically […]
10 Questions With Best Interest
Today’s edition of 10 Questions features Jesse from Best Interest. Jesse is a pretty interesting person. He lives on Hoth (almost) and has a pretty cool job. Regarding the latter, he’s a space engineer and I’m extremely biased in favor of all things related to starts, rockets, telescopes, etc. Take it away Jesse! Hello! I’m […]
August Performance Update Day 2789 (Up $311,000!): Tesla Getcha!
My main goal* was to build an investment and cash portfolio of $1,120,000* ($1,000,000 to retire on and $120,000 to pay off the house) in 1500 days**, starting from 1/1/2013 and ending in February of 2017. I made my goal in 2016, my 1500 Days are over, and I’ve left my job. In the interest of openness, I’ll continue to share […]
10 Questions With Financial Freedom Countdown
Today’s 10 Questions features Financial Freedom Countdown. I’m a sucker for rags to riches stories and FFC has a pretty great one. He came to the United States with $1,000 and became financially independent in 12 years. Inspiring. There are approximately 476,492,292,928 personal finance blogs last time I checked. Why should we read yours? Very […]
Live-In Flip Update: 9 Months In
We moved into our latest home in November of 2019. The home is a dated, split-level with 1970s paneling, ugly wallpaper, carpet everywhere, and snot yellow walls. Fun!: Oh, throw in some cigarette stench and a dilapidated pool. This is the home only a flipper can love. But that’s what I am, so we bought […]
Ask The Readers: How Are You Doing?
So, this conversation has happened at least five times in the past two weeks including yesterday (Sunday). I’ll be building something and then I come into the house to pee or get a drink of water and then The Wife sees me: Mindy: Is that blood on your <insert one or more: lip, arm, leg, […]
Performance Update (Day 2768): What The Tech?
My main goal* was to build an investment and cash portfolio of $1,120,000* ($1,000,000 to retire on and $120,000 to pay off the house) in 1500 days**, starting from 1/1/2013 and ending in February of 2017. I made my goal in 2016, my 1500 Days are over, and I’ve left my job. In the interest of openness, I’ll continue to share […]
10 Questions With Saved By The Cents
After a very long break, 10 Questions is back with Ben from Saved By The Cents. Take it away Ben! Hi, 1500 Days readers! I am Ben, and I blog over at Saved By The Cents. Our motto is to help make money count. I am not sure I’d be able to follow the work […]
Juggernauts, Jargonauts, And Jabberwock -or- How I Got Rich With Big Tech
A reader sent me this email recently: Dude, your net worth has gone up crazy high in a short amount of time. Are you making this stuff up? Nope, it’s all true. Big Tech Tantrums 2020 has been a hell of a year for the portfolio. We’re up about $600,000. and last Thursday, our net […]