Choose FI Book Review

I am someone who is relatively new to the FI community, and this book was excellent at helping me build a foundation for building my own pillars of FI. The Choose FI book begins by outlining the stages of FI and then by walking you through identifying your own reasons to pursue financial independence. For me and my why, I want to someday have more free time with those I care most about; I want to travel regularly; I want to be able to say “no” to tasks I don’t want to do. I’ve loved almost every job and side gig I’ve held, but I want work to someday be an option, not a necessity. Know that identifying your “why” will make the information in this book all the more important. I got my first job when I was 14, and I’ve consistently been working at least two jobs since I was 19, and I recognize the place of privilege I’m in now to be able to even think about this concept.

This book is outlined into five main sections with 15 chapters. I already tackled the “introduction” section for getting started and identifying your “why.” The remaining sections focus on spending less (and increasing the value in your life), increasing your earnings (hello networking, career-building, and hacking college), and investing better. Finally, you end by imaging your life the way you want it, bringing you back to the intentions you set at the beginning of the book.

This post provides a brief summary of the content contained within this book, and if you’re remotely interested in the concepts surrounding Financial Independence, this review is a must read.

Three Schools Of Thought On Splitting Finances As A Couple

When making the decision about whether you should move in with a significant other, you need to have a conversation about the finances of it all before you go all-in. I know talking about money isn’t sexy, and sometimes it’s incredibly stressful, but these conversations will help you navigate this new stage in your relationship. There are several schools of thought about finances and your significant other, and we’ll list them as follows:

Paying Down Debt Fast: Why The Debt Snowball is the Superior Method

If you’re reading this post, you’re likely sitting pretty on some consumer debt. Or maybe you don’t have credit card debt, but you do have a car payment or student loans that are keeping you awake at night. This post will delve into a couple different repayment methods (e.g. the debt snowball vs. the debt avalanche) and discuss the psychology behind both of them so you can pick the method that works for you.

How to Create a Budget in a Snap: Basic Budgeting Strategies Anyone Can Use

The “B” word (we’re talking B for budget) is often this thing we know we should be doing, but many of us may not know where to start…so we don’t. Some months (or even pay periods) we’re just hoping that our spending and expenses don’t go beyond our income. Sometimes we get lucky, and sometimes we use credit. That cycle stops now.