This book was written by Kristy Chen and Bryce Leung who write on their blog Millennial Revolution about their journey to financial independence. I have talked about it in the past, but their blog was probably one of the biggest influencers for me to begin my journey towards financial independence and document it. So I’ll try my best not to fanboy out when I write this book review, but no promises. Kristy and Bryce were able to do something that few have and retire in their early 30’s to travel the world. They didn’t win the lottery, or receive a big inheritance. They simply just made better choices than most…
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Book Review: Atomic Habits
An overarching theme for many of the most successful people you come across in life is that they tend to have better habits than you. The people who are in shape, tend to have better eating habits and exercise routines. The people who have a cleaner house, tend to have better cleaning and organization habits. The people with healthy relationships, tend to have better communication habits. The people who are closest to financial independence, tend to have the better money spending habits. And so on and so forth. These habits, whether realized or not, create the backbone of successful people. Many people innately have some of these habits (or at…
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Book Review: The Simple Path to Wealth
This book is constantly referenced by many people as their favorite finance book and for me it’s really no different. This book truly was what kick started my path towards financial independence. It was the catalyst that led to the creation of this blog. Let me explain As I have said in the past, I started my first real job directly out of PT school and was clueless about money and investing, and everything in between. I knew I was too frugal at my core to spend all this new income and understood I couldn’t just let that money build in my savings account. So I knew I needed to…
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Embrace the Ride: Investing for the Short Term vs the Long Term
As I talked about in my previous post on Market Timing, I start out by stating that the majority of us are and should be investing for the long term. Long term meaning expected retirement dates 10, 20, or 30 years out. I say this again now, because I think it’s important to look at the market history over a short time frame vs a long one to show that the recent events, albeit scary, are right on track with history. If anything, the recent extended bull market may have been the outlier. What may look like extreme stock market volatility on the micro level is really just a small…
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Coronavirus: The Importance of a Financial Crisis Plan
It was Sunday at noon when I received a call from my secretary. I had missed her call earlier in the day and it was her off day so I figured it was important for her to call again, so I answered. See, at this time, I was hiking a trail in the outskirts of Sedona, practicing social distancing. So I found a spot with okay service near the peak of the trail and answered. I was supposed to be hiking Zion National Park, and visiting Las Vegas this weekend for the first time during possibly the best sporting event of the year, March Madness. I had even taken two…
