When I was just joining the Air National Guard at age 17, my dad told me to save $30,000 by age 30. Using this as a rule of thumb, I’d be a millionaire by retirement. That means I would have 13 years to save $30,000 or just over $2,300 a year or $192 a month [...]
The Financial Independence category is about all topics related to financial independence retire early.
Financial Independence means that one is independent of finances. Finances do not control our life. We do. However, within the financial independence community, that’s all anyone talks about: money. We do not want finances to dictate our lives, but on the path to FI, we let our finances dictate how we live. Oftentimes [...]
I was recently in the gym and thought about how being physically & fiscally fit are very much related. There are quite a few parallels between the two. Here’s what I’ve come up with so far: Keep it slow and steady Building wealth takes time just like being physically fit takes time. One cannot expect [...]
Recently, the military changed to a new retirement system known as the “Blended Retirement System” or BRSP. This retirement is derived from annuity for those who retire with 20 years or more of service, in addition to the Thrift Savings Plan (TSP). Essentially the TSP is a government 401(k) retirement account. The TSP allows service [...]
I joined the Air National Guard when I was still in high school at age 17. I always wanted to join the military and serve my country. Like most high schoolers, I was looking at my college prospects and knew the military had options for college tuition to be fully funded. My [...]