Breaking the Paycheck Addiction and Retirement: a 6 Month Review
Tuesday, July 25
The photo is from our recent trip to Italy Prewired! I’ve heard it said before that most common addictions are drugs, alcohol, and the addiction to a paycheck. This blog is not about the first 2 addictions; I’ll leave that to the experts. However, I feel like I can speak with some authority ab...
House Hacking to Financial Independence (FI)
Tuesday, June 06
In recent years, the concept of "House Hacking" has gained significant popularity among homeowners and real estate enthusiasts. House Hacking involves strategically utilizing your residential property to generate income and offset housing expenses. By taking advantage of this innovative approach,...
What is the Market Giving Us in 2023?
Monday, May 15
Sometimes it’s really obvious what the “market” is giving us, right? Up to 1st Quarter 2022, the market was giving us all-time low interest rates, banks were flush with cash and they were eager to lend, bubbles in most asset classes, and everyone that could were refinancing debt to take advantage...
How the Wealthy Get Wealthier – “Positive Leverage”
Tuesday, May 02
Positive leverage is a term used in the world of investing that describes the use of borrowed funds to amplify returns. While leverage can also amplify losses, positive leverage is specifically used to describe situations where the use of leverage has a positive impact on investment returns. In t...
Patience - The Most Powerful Investment Advice
Tuesday, April 25
While in Mammoth Lakes, CA getting in some spring time ski runs I started to ponder some of the investment advice I’ve received over the years. Advice like “Buy low and sell high”, or “Pigs get fat and hogs get slaughtered” are some of the phrases you hear over and over again. Growing up in rural...
ChatGPT: How do I Get Rich?
Friday, April 07
Is anyone else having fun asking ChatGPT random questions? Let’s see what Artificial Intelligence (AI) has to say about getting rich and a little commentary from the Financial Independence (FI) Guy. Me: How do I get Rich? ChatGPT: Getting rich is a complex and multi-faceted process that depends ...