Going the Distance

Starting out too quickly in a marathon is a classic beginner’s error. The adrenaline rush of the starting line, a rested body, and watching others start off strong can conspire to accelerate your pace beyond the level that can be sustained for 26.2 miles. Exceeding your physical capacity at the start can have dire consequences toward the end of the race. Aspects of personal finance resemble marathon running as well. To go the distance, you must pace yourself.

What’s Your Magic Number?

The goal of financial independence is best viewed as a means to an end rather than an end in itself. Simply defined, financial independence is achieved when a person can generate a stream of cash flows from accumulated assets that exceeds his or her spending needs. No specific “magic number” translates into independence for everyone.

Reaching Financial Independence

When can you give up the security of a regular paycheck? This is the fundamental question that everyone must eventually answer in the context of their own “retirement”.  I put “retirement” in quotes because what we are really talking about is not necessarily

The Financial Flu Shot: Using Bond Ladders

This post was originally published on December 27, 2017 Take a moment to log into your investment account and write down the balance.  In late 2017, you probably feel pretty good about it if you have diligently saved over the

Setting Up Your Bicycle as a Car Replacement

Driving absolutely everywhere in a two ton metal box on wheels is fundamentally wasteful and irrational.  The rational way to think about automobiles is that they serve very useful purposes when one needs to accomplish very specialized tasks.  If you

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