Four Amazing Examples of Financial Freedom

I talk quite a bit about my own efforts to attain Financial Independence (FI) and the reasons why it’s important to me. Today’s post is going to be a little different. Below  you’ll read about some huge news in the Personal Finance community, which all happened on Monday (12/18/2017). And behind these  stories are five real people. Their actions illustrate the flexibility and fun that financial freedom offers. I hope you’re as inspired by these amazing examples of financial independence as I am.

Financial Independence

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The 9 Biggest Money Regrets of 2017

[I have something a little different for you today. My friends from down under at MOZO have offered to share their 9 biggest money regrets of 2017. I’m sure we can all relate to one or two or well…all these. Check them out!]

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As 2018 draws ever nearer, so does a fresh start for your finances. While nothing soothes the soul quite like a clean slate, it’s often handy to be able to look back on, and learn from, your own financial mistakes and mishaps. Let’s be honest, we’ve all made a few.

Piggy Bank

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My Wins and Losses From Buying a Condo at 24

I’ve mentioned before that I’ve always wanted to become financially independent (FI). I may not have known the term “FI,” but it’s always been my goal. With that in mind, I was focused on making effective financial decisions. At the top of my list: becoming a homeowner.  I heard that renting meant “throwing money away” (in reality this is not always true) and I never wanted to do that. Here’s the story tallying up my wins and losses from buying a condo at 24.

Winning Personal Finance View
The view from my former neighborhood

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I Tried to Cut the Cord and Failed!

So… it’s official. I’m not only the least fascinating financial blogger in the industry, but also the worst. I tried to cut the cord and failed! You can’t ever accomplish your financial goals and pay for cable at the same time, right? I’m doomed.

TV
Not my actual TV

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The World’s Least Fascinating Personal Finance Blogger

Reading hundreds of blog posts surrounding the personal finance community, it’s easy to get a little jealous of others’ success. I mean, on a daily basis I read about people going from rags to riches, or having a $1M income, or people retiring at an obscenely young age. With Thanksgiving quickly approaching, I think it’s time to step back and focus on all the reasons I have to be thankful.

Thankful Turkey Continue reading “The World’s Least Fascinating Personal Finance Blogger”

New Baby!?! How To Save Money on Child Expenses

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My family recently received the best kind of dividend. He’s small in size and already has made a huge impact on our lives. Our family of three has become four, as we welcomed our second son into the world.

Save on child expenses

Once the initial shock and joy wore off, I remembered that kids are expensive. They’re also unlikely to speed up a plan toward Financial Independence. Well, unless that plan is to have your kids support you.

When it was time to write this post, I was a little sleep deprived. With a foggy brain, I decided to reach out to some experts in the Personal Finance Blogging community.  I asked for their strategies on keeping the cost of children under control. I think you’ll like their answers and expect you’ll also find some ways to save money on child expenses. Continue reading “New Baby!?! How To Save Money on Child Expenses”

Stop Giving Interest Free Loans

This post is going to be short and sweet. I have two Winning Moves to share with you,  both which allowed me to stop giving interest free loans and in turn, earn additional returns on my savings.

Since we recently walked through some advantages of financial independence here and here, I thought it was time to share more moves I’ve made to get me closer to my FI goal. Hopefully, one or both of these will get you to take the same action, or motivate you to find a winning opportunity in a different area of your life.

Stop Giving Interest Fee Loans
Stop Giving Interest Fee Loans

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My 7 Most Regrettable Financial Decisions

There are a whole bunch of bloggers talking about their biggest financial mistakes on the magnificent web of information. I think this is a fantastic exercise because we can learn so much from these errors. Since you are reading Winning Personal Finance, I of course haven’t made any mistakes (cough cough). Luckily, I’ve avoided some of the big ones like consumer debt, high investment fees and not saving at all.  Unfortunately, my financial life has not been perfectly streamlined. Without further ado, here are my 7 most regrettable financial decisions and more.

Regrettable Financial Decisions

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Chasing Financial Independence is NOT About Sacrifice

Chasing Financial Independence is NOT About SacrificeOne of the responses I received from “How Much Do You Need to Retire?” was that chasing financial independence is about making sacrifices. The logic behind this comment was that anything you save today is a “sacrifice” because you are not spending that money. I have a different view. Chasing financial independence is not about sacrifice, it’s about prioritization, intentionality and focus. Continue reading “Chasing Financial Independence is NOT About Sacrifice”

Less Stress and More Happiness

Less Stress and More Happiness

To explain why I think financial independence leads to less stress and more happiness, let me tell you a brief story. One day at work my boss called me into an unscheduled meeting:

Boss: “Jason, we are going to have to let go you. The company has decided to go in a different direction.”

HR Woman: “We are prepared to offer you 6 weeks of severance…”

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