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Archives for August 2017

How Can I Get an 8% Investment Return?

August 30, 2017 By ESI 46 Comments

In posts like The Best Way to Maximize Your Investment Return and How a Side Hustle Business Can Get You to Financial Independence in 10 Years I use 8% as a long-term return percentage when doing investment growth projections for stock index funds. Many sites will use 10% since it's around the historical long-term return of the stock market. And, of course, Dave Ramsey uses … [Read more...]

Filed Under: Invest

Millionaire Interview 17

August 28, 2017 By ESI 36 Comments

Here’s our latest interview with a millionaire as we seek to learn from those who have grown their wealth to high heights. Today we are treated with an interview with Mr. 1500 from 1500 Days! If you've ever read his site you know that he has a GREAT sense of humor. Thankfully for us, he's brought it with him for this interview! My questions are in bold italics and his … [Read more...]

Filed Under: Interviews, Millionaires

Ignore Money Critics

August 25, 2017 By ESI 80 Comments

A while ago I published Millionaire Interview 6. As I often do, I shared the post on Facebook. One person made this comment: Honestly, not overly impressed. Yes, a millionaire with home equity and a good job, but keeping most of his money in cash the last three years??? If that was invested in the market his net worth would now be 1.75 to 2 million. Playing it way too … [Read more...]

Filed Under: ESI Thoughts, Millionaires

A Great Example of Working the ESI Scale

August 23, 2017 By ESI 14 Comments

Several months ago I wrote Working the ESI Scale to Financial Independence. In that post I rated my performance in each of the three categories we discuss here -- earning, saving, and investing. A couple weeks ago I had a reader send me an awesome email where he did the same thing. I just had to share it with you. Here goes: I am writing you today in great thanks … [Read more...]

Filed Under: ESI Scale, Financial Independence, Retirement

Millionaire Interview 16

August 21, 2017 By ESI 63 Comments

The following is a millionaire interview I first published on a previous site. But this one has a couple different twists. First of all, this is the first interview that's taken place with TWO millionaires -- a father and a son. I had contact with the son and he offered to answer the questions with his dad. I think the results are terrific! Second, the interviewee reached … [Read more...]

Filed Under: Interviews, Millionaires

Personal Finance is Common Sense

August 18, 2017 By ESI 26 Comments

This is a related post to Stop Making Money Excuses. Don't worry, it won't be as rant-y as that one. :) But it will address an objection that I come across all too often. Not Rocket Science Let's begin with the obvious: understanding personal finance is not rocket science. The concepts needed to become wealthy are few in number and easy to understand. In fact, I've … [Read more...]

Filed Under: ESI Thoughts

How to Earn Extra Income: Side Hustle Ideas Worth Considering

August 16, 2017 By ESI 29 Comments

Now that I've shared how a side hustle can get you to financial independence in 10 years, I wanted to offer some suggestions on side hustles for your consideration. Of course there are thousands of ways (maybe more) to earn some extra money on the side, so I took the approach of "what would I consider doing if I wanted to start a side hustle"? I figured that if I would be … [Read more...]

Filed Under: Earn

Three Steps to Determine if You Have Enough to Retire

August 14, 2017 By ESI 21 Comments

I've posted a ton on retirement including: how to retire early,  whether $1 million is too little to retire or not, and how $3 million is not enough to retire. But those posts tend to be "how to's" with general suggestions. Today I'd like to get more specific and provide a roadmap for those wondering if they can retire or not -- a way for them to calculate … [Read more...]

Filed Under: Retirement

Help a Reader: Is Travel Hacking Worth It?

August 11, 2017 By ESI 80 Comments

Here's an issue a reader needs help with. In this case, the "reader" is me. :) Now that we are close to 1) having both kids far away from where we live (we are in CO and will have one kid each in VA and LA) and 2) once we have no kids at home, we're going to travel a bit more, I've started to think about travel hacking. Between the four of us we'll be frequently jetting … [Read more...]

Filed Under: Help a Reader, Travel

How a Side Hustle Business Can Get You to Financial Independence in 10 Years

August 9, 2017 By ESI 47 Comments

I've been writing about financial independence (FI) for many years now. More recently as I've dived deeper into the subject (i.e. retired and started a new blog) I've been considering the impact of a side hustle on FI. The bottom line: it's pretty significant. I thought I'd detail just how important a side hustle is so those of you out there working towards FI can … [Read more...]

Filed Under: Earn, Financial Independence

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