Why I Hate Buying Cars – And You Should Too!

Bottom line: Buying a depreciating asset that requires constant monetary support to utilize and maintain is a financial anchor. I am not going to argue that motor vehicle transportation isn’t convenient, or even necessary in some circumstances, but it certainly is a bad investment in most cases. As someone that focuses on the importance of cash flow, unless you have tens of thousands in credit card debt, having a car

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How Do You Define Retirement?

Retirement Definition

One thing that becomes astoundingly obvious if you study personal finance with a goal of retiring early, is that there are a vast number of opinions on the definition of retirement. Isn’t the internet great! 🙂 This shouldn’t surprise us too much because, Personal Finance is, well… personal. There are those that wish to retire to an extravagant lifestyle with lots of international travel, fine wines and antiques and those

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Paid Off Mortgage – Now What?

A comment from a reader, Joe, on the recent article outlining why I paid off my mortgage  has prompted me to complete this follow up article on what happens next! How Does It Feel? In Joe’s comment, he offered up that I had missed a reason to pay off my mortgage and that is the peace of mind that it offers. While he is correct that it does offer peace

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Saving Too Much For Retirement?

I recently came across an old article from the New York Times that offers us a view of retirement planning that we don’t often hear…are we saving too much? According to them, the financial industry, with its ostensibly objective online calculators, overstates how much money someone will need in retirement. Some, in fact, contend that financial firms have a pointed interest in persuading people to save much more than they need

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