Maximize Your Lifetime Utility

“I think Smithers picked me because of my motivational skills. Everyone says they have to work a lot harder when I’m around.” –Homer Simpson When we hit PIRE, we plan on doing a lot of world travel rather than seeing places in the United States that we haven’t seen. It’s not that we don’t think […]

Is Spending More Time at Work Worth the Salary Increase?

“I mean what good does it do anyone to kill themselves working, because the worms will get you in the end.” –Dorothy Gish When I was in the Army, the platoon sergeants in a unit I was in got caught up in a game of one upmanship. They wanted to be in early so they’d […]

How Much Do You Have to Save to Retire Early?

“The best time to start thinking about retirement is before your boss does.” –Anonymous When I was in the Army, I had the option of staying in – assuming they didn’t kick me out at some point – for 20 years and then retiring. Had I stayed in, I’d have less than 2 years left […]

Budgeting Versus the Fungibility of Spending

“It doesn’t matter what your name is!” –The Rock Occasionally, I get questions regarding rules of thumb for spending, such as what percentage of your income should you spend on housing or food or entertainment. While it’s easy to come up with plug-and-play formulae for all of your spending, doing so doesn’t address the true […]

What Should I Do With That Pay Raise?

“Every luxury must be paid for, and everything is a luxury, starting with being in this world.” –Cesare Pavese “The saddest thing I can imagine is to get used to luxury.” –Charlie Chaplin You’ve done well at work the past year. It’s time for the boss to tell you what you’ll be making next year. […]

7 Reasons We Buy Rental Properties Rather Than Act as Hard Money Lenders

“The man who won’t loan money isn’t going to have many friends – or need them.” –Wilt Chamberlain “There are 350 varieties of shark, not counting loan and pool.” –L.M. Boyd “Sure, Homer, I can loan you the money. However, since you have no collateral, I’m gonna have to break your legs in advance.” –Moe […]