Browsing Category : Finance

WTH is a Distribution?


Welcome to Part 3 of the FIRE small business series. You can see the Introduction and summary of what we are talking about here.  You should also read the disclaimer: ***Disclaimer *** This is written for educational purposes.  I am writing to explain my understanding of these principles.  Please, do your own research and talk to a licensed professional before…

Small Business Retirement Plans


Welcome to Part 2 of the FIRE small business series. You can see the Introduction and summary of what we are talking about here.  You should also read the disclaimer: ***Disclaimer *** This is written for educational purposes.  I am writing to explain my understanding of these principles.  Please, do your own research and talk to a licensed professional before…

Business Entities and Advantages to Having One


Welcome to Part 1 of the FIRE small business series. You can see the Introduction and summary of what we are talking about here.  You should also read the disclaimer here: ***Disclaimer *** This is written for educational purposes.  I am writing to explain my understanding of these principles.  Please, do your own research and talk to a licensed professional…

Small Businesses on the Path to FI


Since we’ve set up Mrs. Wow’s company, I’ve had several discussions with people about how it was set up and what we did with retirement plans, accounting, expenses and all the rest of it. There’s a lot of literature out there about starting a company.  Like a shit ton. 273MM results!!! And there’s also a whole lot about retirement accounts. …

Spreading The FIRE**


An on-going discussion in this blogging community is how do we go about spreading the word.  I’ve been privy to several discussions about how to breech the subject with people outside of this community.  How do you get them interested and bring up the topic, with out sounding like one of those crazy Southern Preachers? Everyone has tried various ways,…

The Power of the Cash Stack


FIRE is a long journey, it’s a marathon if you will.  And it takes a long time to finally reach FIRE, and once you’re there, I can only imagine the freedom and relief you get when Sunday evening rolls around.  You get ready for bed.  Then you get up Monday morning… and you continue on with your weekend.  What a…

FIRE is a Marathon


A Marathon History Legend has it that Pheidippides ran from Marathon to Athens to spread word of the Greek victory over the Persians at the Battle of Marathon.    He ran the entire distance and busted into the assembly of the government, proclaimed, “Victory!” and promptly dropped dead on the scene. Apparently, this distance between Marathon and Athens is precisely…

Not all Debt is Bad


Debt is a 4 letter word in the personal finance community.  Rightfully so.  It’s a dangerous drug that can be extremely addictive.  You can get what ever you want with a simple swipe of a card, or a signed piece of paper at the bank. I mean think about this… You take out a 30 year mortgage and depending on…

Vanguard Isn’t Always The Answer


Vanguard is something that people in the FIRE community hold almost as a deity.  Everything is bench marked against Vanguard, and rightfully so.  They are the fore-fathers of low-cost index investing.  They disperse ownership of the firm to the owners of their funds, therefore incentivizing the fund managers to keep costs a low as possible.  Let’s discuss why Vanguard is…

The Epic Battle Against The Ball Gag 401k


One of the first things that I do when I start a new job, like any rationally-minded person is check out the company’s package.  My past job had a 401k plan that looked reasonable enough.  They matched up to a certain percent (I believe it was 4%) after you had spent a year there and that was 100% vested.  So, really…