We on FIRE

There are many different types of investment you can invest in. Certain investment is riskier while some are safer. Some can provide massive returns while others only provide little or no gain. Of course, a higher return means higher chances of losing more as well. So, what type of investor are you? Where should you put your money? This depends on many factors such as your age, your goals and your risk-tolerant.

Our third largest spending category is food. This might be one of the most difficult categories to tackle because to lower your expense you will need to form new habits. However, if there is a will, there is a way. Unless you work at a company like Google that feeds you three meals a day or more, the only way to save on food is to COOK.

A lot of big corporations offer a program that allows employees to purchase the company stock at a discount. This program is the Employee Stock Purchase Plan or ESPP for short. You might have heard about this program but you probably never thought about using this program to collect free money. If you are one of the lucky people whose company offers ESPP then you can get an immediate 5-15% risk-free return on your investment. Read on to see how to take advantage of your ESPP!

Many wealthy Americans are real estate owners. A real estate can be a house, a business, or even empty land. Different type of real estate will demand a different type of maintenance and management. Residentials are the most common type and most well known real estate investment out there. You probably know that buying rental residential properties will help you to achieve financial independence relatively quickly. You can also house hack your way to early retirement and build a substantial real estate portfolio. But the other investment property that you don’t hear much about is commercial real estate (CRE).

401k is a retirement investment account which you and your company can contribute to. There are 2 different types of 401k account: Roth and Traditional 401k – each gives you different benefits. 

Looking for fun activities that aren’t going to break your bank. Check out these activities below:

A lot of my friend’s plan is to have a car, a house, and start a family someday. They are willing to work a 9-5 corporation job until they are 65. Of course, there is nothing wrong with working at a company that you love and believe in. However, without living frugally and saving aggressively, do you think it’s possible to retire when you reach 65? Will you be able to save enough for retirement?

FIRE is an acronym for Financial Independence, Retire Early. Being financial independence means you can live the life that you want without having to worry about money. Or worry about running out of money while living the lifestyle of your choosing. What about retiring early? The average retirement age is 65 years old so to retire early mean to retire before 65.

How can we increase our savings? One way is to increase our earnings; by earning more so you can save more. However, not everyone can just earn more. Getting that raise or getting a better paying job is easier said than done. So what else can you do to increase your saving? The other way is to spend less. 

There are many investment strategies out there for you to read up on and learn about. Many of them I think are too complicated for my small brain (most of the time I can’t even find my phone when it’s right in front of me). We always try to look for the “best” investing strategy or advice there is in hope of beating the market. However, instead of seeking advice you need to ask yourself a few very important investing questions. Knowing the answers to these investing questions is crucial before you set out on your investing journey.

In the beginning, when I first started learning how to invest in stock, it was not clear to me where I can buy stock or how to buy stocks. After a few minutes of googling, I realized to buy a stock, you need to go through a stockbroker. The process of investing in the stock market was very vague and unclear to me so, in the end, I pushed off investing. This turned out to be a bad decision on my part. In this article, I will list out the exact steps you need to take and the information you should know to invest your first dollars in the stock market.