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Albert Einstein said that compound interest is the 8th wonder of the world.  He who understands it will earn it, and he who doesn’t will pay it.  If compound interest is the 8th wonder of the world, then I feel that the power of a dual income couple is the 9th.  Being in a dual income couple can be a powerful wealth building partnership if managed correctly. At my first full-time job, I worked withRead More
No matter how old you are, it is never too early to start investing. Whether you are in high school, college or just finished school, now is the time to start putting money toward securing your financial future. The good news is that it is easy to start investing no matter how much you have to invest, what your risk tolerance is or what your goals may be. How Do You Start Investing? The firstRead More
When I was growing up in the 1980’s, it was common to receive an EE Government Savings Bond for a gift.  My relatives would get them for me for my birthday, when I received a sacrament at church, or for a holiday gift.  At the time, I would have much preferred a video game or almost anything other than a savings Bond. Looking back, my relative’s choice in gifts had my best interest in mind. Read More
Thank you for reading part-4 in my series on asset allocation.  In my last post, I wrote about our current balanced-growth asset allocation.  That is the asset allocation that we plan on maintaining until we retire in 2028. In this post, I will be considering the future.  This post is about how I foresee our assets being allocated at the time of retirement.  I use the word foresee because it is what I am anticipating.  As I stated in myRead More
Welcome to Part-3 of my series on asset allocation.  In my last post, I wrote about Adding Bonds To Reduce Volatility in the portfolio that my wife and I held for the past ten years.  In this post, I am going to write about our new asset allocation.  This is the allocation that we will hold until we reach early retirement (FIRE). As a Financial Independence (FI) blogger, I have always been a portfolio nerd.  The Lazy Portfolios madeRead More
During the first ten years of my investing career, my asset allocation was solely invested in stocks.  From 1997 until 2007, my portfolio returned 8.5%.  I wrote about that period in my first post of this series 100 Percent Invested in Stocks.  In this post, I will write about how adding bonds to my portfolio reduced volatility during the decade that followed. By the year 2007, my portfolio had five years of positive returns.  At that time, I wasRead More
. Do you think you have the risk tolerance to invest 100% of your portfolio in equities?  I had an asset allocation of 100% invested in equities for over 10 years.  At this stage in my life, However, I no longer have the need or desire to have that asset allocation.  That was how my portfolio was invested when I reached my first milestone of Saving $100,000 by age 30. This is the first ofRead More
    If you want a meaningful career that pays well and offers stability, consider becoming a nurse.  No matter if you are a traditional student or an adult learner who is planning on going back to college, becoming a nurse is an excellent career to consider.  Nursing is a growing field.  One great benefit of this field is that it allows you to earn while you learn. To become a Licensed Practical Nurse (LPN), most programs areRead More
    In August, my wife and I are traveling to London for our 10th wedding anniversary.  In the past, we have avoided traveling to London because it is one of the most expensive cites in the world.  In October of 2016, as the result of the uncertainty surrounding Brexit, we were able to book a trip to London for an amazing price.  We managed to book our trip for only $2,500.  That price included airfare from New YorkRead More
Saving my first one hundred thousand dollars was the hardest.  When I started on the road to financial independence (FI), I was only 20 years old.  I wanted financial independence and reaching my first $100K was the first goal that I set.  I was aware that it was a lofty goal, but I embraced the challenge.  I wanted to reach this milestone by age 30.  On my way to reaching this goal, here is whatRead More