Financial Independence on a Low Income
Financial independence isn't just for high-income docs. This multi-millionaire veterinarian gives 19 ways he achieved FI on a low income. You can too.
Financial independence isn't just for high-income docs. This multi-millionaire veterinarian gives 19 ways he achieved FI on a low income. You can too.
Here are seven key steps to making early retirement a reality.
What is different in your investing life as you approach retirement? Not much. You don't need to be doing something dramatically different than a 25-year-old. The mix may be different but the investments will be the same.
My informal surveys suggest nearly every physician would like to work less than they are working now. I practice medicine part-time because I can. Here's why I think that is a good thing.
The WCI Network is all together tackling topics like investing in REITs vs owning individual rental properties, achieving FIRE without the side-hustle income, and lots more. Entertaining and informative, don't miss this one!
Today we cover how to handle inflation in your long-term retirement plan, the military pension, long-term care insurance, ABLE accounts, health insurance, buying a home vs paying off debt, and reader questions.
We've been in every tax bracket and McDonalds used to be a special treat. We certainly NEVER expected to have a seven-figure income. Here's what it's like.
Financial independence is about taking power back in your life and having more flexibility and options. You will be inspired to work towards financial independence after listening to Jonathan and Brad from ChooseFI even if you do not want to retire early.
Here's an update on how PoF is making early retirement possible. Our conversation includes managing part-time work, safe withdrawal rates, being debt free and listener questions.
The Acostas went from making $4 a month to millionaire status and retired after just 15 years of practice in the US by following the basic WCI principles. You can do it too.
Dr Cory S Fawcett advocates taking Social Security at age 62. I think that's bad advise. You should delay SS until 70. Find out why in this pro/con debate.
We recently discovered that it was neither work nor money that was preventing us from traveling as much as we like. It was those pesky kids.
PoF and WCI talk about guilt and careers and arguments well-meaning people put forth against early retirement, part-time work, and sabbaticals.
Actually cutting back to part-time work as you approach financial independence has many benefits, a few pitfalls.
Reverse mortgages are a unique financial product with some interesting features. Recent changes have made them less risky for house-poor retirees, but haven't done much for high-income professionals.