I once heard Morgan Housel say something like this:Something will eventually come along to displace index investing.The context of the comment was a discussion of Benjamin's Graham's famous book, The Intelligent Investor. Morgan mentioned that the book changed frequently because investing changed. What works now will not work forever.Will Private Equity Disrupt … [Read more...] about Is This What Will Disrupt Index Investing?
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Money Will Solve Money Problems…
I was talking to my friend and FI Blogfather, JL Collins recently and he made a thoughtful point. We were talking about money and happiness and he told me that it's silly that people think they'll become happier when they get money:Money will solve money problems. It won't fix anything else that may be going wrong in your life.Silly me. I thought that money would make … [Read more...] about Money Will Solve Money Problems…
RANT: STOP FOCUSING ON THE 4% RULE!!!
Ooooh, I've never written a title all in caps before! You know it's gonna get real.Nothing in the financial independence community drives me crazier than the endless debate over the 4% Rule. Brace yourselves.My Most Vulnerable Money MomentFirst, I'll tell you about my most vulnerable moment. It may be surprisingly similar to yours. Let's take a trip down memory … [Read more...] about RANT: STOP FOCUSING ON THE 4% RULE!!!
Happiness Part 3: Deep Contentment Is The Goal
Here in the FIRE community we spend a lot of time talking about index funds. We also worry too much about withdrawal rates. We forget the goal of The Game. It's pretty simple:Live a good life.And some of us let FIRE get in the way of that very important goal. I'm raising my hand because I'm completely guilty. More on that later.So we spend all of our time thinking … [Read more...] about Happiness Part 3: Deep Contentment Is The Goal
Live Boldly
This post was inspired by this over at FI for the People. Thank you Bitches Get Riches for bringing it to my attention.Perhaps my most popular post is the one where I wrote about my death march to financial independence. It describes how I went a little nuts to get to FI. I worked very hard and in doing so, forgot to live. The whole point of FI is better living, so I … [Read more...] about Live Boldly