I recently read the book The Joy of Not Working. It's sub-title is "A Book for the Retired, Unemployed and Overworked". It was less of a retirement book than a "work is bad and not working is good" book. As such, it wasn't my favorite and I don't think it adds a ton of value to the retirement books we've discussed so far. It was strange that the book was just "ok" to … [Read more...]
Archives for May 2020
Passive Income, Aggressive Retirement
Every once in a while, I hit the jackpot. I've read a TON of money books -- far more than I've featured on this site -- and most are not worth much IMO. Many are just plain terrible, offering mediocre advice at best. Others suggest basic money tips we all learned in third grade. Personally, I think so many personal finance books are bad because the authors are just … [Read more...]
Millionaire Interview 188
Here’s our latest interview with a millionaire as we seek to learn from those who have grown their wealth to high heights. If you’d like to be considered for an interview, drop me a note and we can chat about specifics. My questions are in bold italics and his responses follow in black. Let's get started... OVERVIEW How old are you (and spouse if applicable, plus how … [Read more...]
The Good Old Emergency Fund
If there's one thing that's the forgotten step-child in personal finance, it's the emergency fund. Those just starting out on their financial journey hate it because it's a killjoy -- something they have to save for that has zero perceived value (at least in many people's minds). Those of us further down the road don't really think much of it as it's simply "there" -- … [Read more...]
Dividend Investing with Margin Loans During a Pandemic and Market Meltdown
In How I Added Dividend Stocks to My Portfolio, Part 1 Millionaire #140 made this comment: I noticed that the vast majority of millionaires do index funds, and for almost a decade now I’ve done nothing but buy individual dividend stocks. There’s been several times I’ve second guessed the strategy, it’s always hard to go against the herd unless you have an unnatural level of … [Read more...]
Millionaire Interview 187
Here’s our latest interview with a millionaire as we seek to learn from those who have grown their wealth to high heights. If you’d like to be considered for an interview, drop me a note and we can chat about specifics. My questions are in bold italics and her responses follow in black. Let's get started... OVERVIEW How old are you (and spouse if applicable, plus how … [Read more...]
Retirement Interview 21
Here’s our latest interview with a retiree as we seek to learn from those who have actually taken the retirement plunge. If you’d like to be considered for an interview, drop me a note and we can chat about specifics. My questions are in bold italics and his responses follow in black. Let's get started... GENERAL OVERVIEW How old are you (and spouse) and how long … [Read more...]
How to Have a Purposeful Retirement, Part 2
Today we continue our coverage of the book Purposeful Retirement: How to Bring Happiness and Meaning to Your Retirement. Last time we covered the first half of the book and today we'll go over the second half. In this part, author Hyrum Smith covers a wide range of important retirement topics, so let's jump right in... Retiring with Your Spouse Retirement often means … [Read more...]
Millionaire Interview 186
Here’s our latest interview with a millionaire as we seek to learn from those who have grown their wealth to high heights. If you’d like to be considered for an interview, drop me a note and we can chat about specifics. My questions are in bold italics and his responses follow in black. Let's get started... OVERVIEW How old are you (and spouse if applicable, plus how … [Read more...]
Keys to a Successful Retirement, Part 2
Today I'm sharing some more great points from the new book Keys to a Successful Retirement. The book is written by my friend, Fritz Gilbert (author of The Retirement Manifesto), and contains several key points that I haven't found in many other retirement books. This is probably because most authors write about retirement in theory. Fritz writes about it from practical … [Read more...]
