Author Archives: thefinancialjourneyman

About thefinancialjourneyman

Deciding to be free: My Journey toward financial independence

An Abundance Mindset

An abundance mindset is the opposite of a scarcity mindset.  A scarcity mindset is one where a person is consumed by fear, desperation, and self-centeredness due to the obsession with not having enough resources to live and thrive.  An abundance mindset is a mindset where a person feels that there are enough resources and opportunities for everyone to succeed and live a fulfilling life. There are many things in life that we do not have […]

Basic Economic Concepts for Consumers

  Gone are the days when you just use to go out and shop with very little knowledge of what you are having, we use to have our faith on the salesperson but now, now there is a significant shift in our course of actions. Modern customers know that the person guiding them about a particular product is getting paid to do what he does, he has to sell their product no matter what and […]

The Scarcity Mindset

Even though you are doing your best to actively manage your finances, do you ever think that you might not have enough money to pay all of your bills, enjoy life, and save for a meaningful retirement?  Do you feel lonely, isolated, or even terminally unique?  Do you make financial decisions out of fear?  Does the thought of early retirement and drawing down your assets make you feel like panicking?  Do you project about the […]

How to get Started with Airbnb

I am very excited about today’s post.  This is a guest post from my new friend Cubert from AbandonedCubicle.com.  In this post, Cubert shares how he is planning on retiring at age 46 and to abandon his cubicle for good.  As a more passive investor, this post has provided me with great insight into real estate investing as well as an introduction to what is required to operate an Airbnb business.  I hope you enjoy […]

Fire Your Financial Adviser

I have been on the journey toward financial independence for a long time.  I started saving and investing to reach financial independence at age 20.  When I decided that I wanted to become wealthy, I knew that I needed to be educated on how to turn this goal into a reality. While at college, I studied Business Management.  Even though I tried to take as many finance classes as possible, I did not learn much […]

Individual vs. Institutional Investing

As an individual, it is important to know where you stand as an investor.  To succeed, you need to know your goals.  For most individual investors, their goal is to be able to fund their retirement expenses or even to be able to retire early.  Other goals might be paying for a child’s education, starting a business, or building a dream house. To reach those goals, there is a simple path for an investor to […]

Bitcoin: Just Say No

Since I started studying investments, I can recall that there has always been a hot investment that was sure to make anyone who invests in it rich with little effort.  In the 1990’s, it was the dot.com stocks being traded on new online trading platforms.  In the mid-2000’s, it was flipping real estate.  Currently, it is hard to find a financial media outlet that is not talking about Bitcoin.  I don’t know if Bitcoin is a bubble […]

Blog Report: Fourth Quarter 2017

Hello and thank you for taking the time to read how The Financial Journeyman has performed during the fourth quarter of 2017.  It has been exciting creating and developing this blog.  This is the first time that I have ever created a blog.  There have been some ups and downs, but it has been mostly a positive learning experience. My journey toward financial independence started a long time ago in 1997.  Over the course of […]

The Benefits of a Balanced Portfolio

Balance is important in almost every area of life.  We should eat a balanced diet including food from every food group to ensure our bodies get proper nutrition.  We should balance the type of exercise we perform including strength training, cardio, and stretching.  Having a good work-life balance leads to improved productivity and happiness.  There should also be a balance in how we invest. To add balance as an investor means to invest in different asset […]

Why You Need Health Insurance

  Health Insurance is your protection from life’s medical emergencies. Health insurance works like this: You pay a monthly subscription fee to a health insurance company, the health insurance company agrees to pay most, but usually not all of your medical bills. Health insurance provides money to pay for health care in 10 specific categories: Emergency medical services, such as ambulance rides to the hospital Hospitalization for illness or disease Laboratory tests, such as blood […]