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Three Simple Steps to Wealth

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Where Does Giving Fit with Financial Independence?

November 6, 2017 By ESI 37 Comments

I read a hundred blogs on a regular basis, many of them in the FIRE (financial independence retire early) movement. As you might imagine, they cover a broad spectrum of money topics. I enjoy reading so many because they have such different and interesting perspectives. But even though I consume hundreds of posts each week, I rarely find one on giving. And I'm not … [Read more...]

Filed Under: ESI Thoughts, Financial Independence

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

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

Stop Making Money Excuses

May 26, 2017 By ESI 32 Comments

Well, it's been awhile since I've had a good rant here, so let's fire one up today. ;) I've been blogging on one site or another for over 12 years now. It doesn't take nearly that long -- in fact it takes about two minutes -- to realize that people like to make excuses about why they aren't wealthy. No matter how simple the topic or suggestion might be, there's someone … [Read more...]

Filed Under: Career, ESI Thoughts

What Are Your Three Money Truths?

May 5, 2017 By ESI 17 Comments

I listen to a ton of podcasts over the course of a week. Most of my listening is done when I walk (I try to get in 14,000 steps a day, 7,000 minimum). Podcasts are great at making walking more interesting when my wife is not walking with me. I listen to a lot of personal finance podcasts (of course), but also have a good number of "self-improvement" ones as well. One … [Read more...]

Filed Under: ESI Thoughts

Make Small Progress Every Day

April 28, 2017 By ESI 17 Comments

How would you like to achieve your wildest dreams? How would you like to accomplish anything? No matter how large... Ok, perhaps that's an exaggeration. After all, I might want to "be richer than Warren Buffet" but that's very unlikely to happen no matter what I do. But I'm talking big goals that are reasonable, though tough: Becoming a c-level executive of a … [Read more...]

Filed Under: ESI Thoughts, Financial Independence, Net Worth

Is the Cost of a Financial Advisor Worth It?

April 17, 2017 By ESI 63 Comments

A couple months ago I was having lunch with a friend. He's a financial advisor/planner and we talked about his job since he just started with a new company. He told me that their intro financial planning product was a "comprehensive financial plan" that they did for clients to see where they were financially and what help they might need. He said his company offers a … [Read more...]

Filed Under: ESI Thoughts, Not Experts

How to Pass Wealth to Your Kids

April 3, 2017 By ESI 30 Comments

Have you ever heard the phrase "shirtsleeves to shirtsleeves in three generations"? This site notes that other cultures have similar sayings (Japan: “Rice paddies to rice paddies in three generations.” Scotland: “The father buys, the son builds, the grandchild sells, and his son begs.” China: “Wealth never survives three generations.”) and here's how it explains them … [Read more...]

Filed Under: ESI Thoughts

Help ESI Money Move to the Caribbean

March 10, 2017 By ESI 29 Comments

That headline got you, didn't it? :) Well, the truth is I do need some advice and thought you would be the perfect ones to ask. Here's our situation: The cold gets to us every winter. It's just too cold for too long. We used to take cruises for 7-10 days in the winter when we lived in Michigan. But with our kids' crazy work schedules, that was not realistic this … [Read more...]

Filed Under: ESI Thoughts, Help a Reader

Happy New Year

January 2, 2017 By ESI 4 Comments

Here's wishing you all the best in 2017! May your net worth climb to the sky!!!! I'm taking today off to recover from the holidays, but I'll be back in a few days with new articles on how to make the most of your money. Several January posts will be reviews of how I did financially in different areas in 2016, so you're not going to want to miss those. For those of you … [Read more...]

Filed Under: ESI Thoughts

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