It is much easier for "know nothing" investors to stick with a dollar cost averaging program in the long run ...
Savings and consumption are joined at the hip. The more we consume during our working years, the longer it will take to achieve financial independence ...
The majority of people never find their "life's work", yet the premise of paying hundreds of thousands of dollars for a college degree assumes that they will ...
A few life lessons based on observations over a half century: Find your life's work, apply Occam's and Hanlon's razors, and avoid hatred ...
Gayner on Markel's Value, Life in Weeks, Multi-Disciplinary Thinking, Addictive Personalities, Duolingo, TransDigm, Charles Schwab ...
Not being in control of your time seems like a bad thing, but this lack of control provides people with a compelling narrative to avoid doing things that they would rather not do ...
Financial independence enabling early retirement is a worthy goal, but there are important considerations that are often ignored by the FIRE movement ...
The Fed's Epistemic Arrogance, A World Without Yield, 10-K Diver on Dividends ...
Playing with FIRE, Larry Culp, Berkshire's legal team, Pabrai Q&A, Case Against Sugar ...
To go the distance, you must pace yourself whether the race you are running is a marathon or saving and investing money for your financial security ...
The goal of financial independence is best viewed as a means to an end rather than an end in itself. Financial independence is achieved when cash flow exceeds spending needs ...
When can you give up the security of a regular paycheck? This is the fundamental question that everyone must answer in the context of their own retirement ...
Financial independence is achievable for anyone earning a decent salary, but the choices that are necessary are highly unconventional and require a certain type of mindset ...
Sometimes the squeaky wheel gets the grease. Many common consumer purchases are up for negotiation but most people never bother to ask. Cable service is a good example ...
Hedonic adaption refers to the tendency of people to quickly get accustomed to new spending. More often than not, simply spending more money does not lead to happiness ...
Owning an automobile is one of the largest discretionary expenses most people have. There are many ways to reduce the damage, up to and including getting rid of a car entirely ...