Financial Independence Through Investing, Minimalism & Mindfulness
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4 min read.
Minafi, Investing, Interactive, Calculators, Blog, Canonical.
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The Rule of 72 is a formula for estimating how many years it will take for an investment to double in value with a given interest rate. The formula is simple enough and close enough to the computed value that you can use it for
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5 min read.
Personal, Financial Independence, Blog, Minafi, Canonical.
19 Comments
A few weeks ago at FinCon, I was excited to see the trailer for the Playing With
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8 min read.
Blog, Minafi, Canonical, Investing.
6 Comments
The first time I invested $1,000 I remember sitting at my computer with butterflies in my stomach. I had just opened up a brokerage account (a type of account that allows you to trade stocks) and had gone through the slow process of transferring $1,000 from my bank to a cash account in this new place. It wasn’t the best way to invest $1,000 dollars but at least I was getting started.
I don’t remember what I invested in, but I know it wasn’t what I’d invest in now – or recommend for anyone else. In the 12 years since then, I’ve learned a lot – through many failures and successes. Now I have over $1 million that I invest and feel better than ever about the decisions. Here’s what I would recommend for someone starting today.
[Read more…] about How to Invest Your First $1,000 and Double Your Money (In Time)
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10 min read.
Blog, Minafi, Canonical, Investing.
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When I was 26 I left my first job. It had a 401k that I had been contributing to since I started. Being the responsible investor I was at the time, I immediately decided to rollover that 401k into an IRA at my bank – Bank of America at the time. The total amount of the account wasn’t anything huge – maybe $20,000 or so. This seemingly innocent action ended up costing me thousands of dollars in taxes over the next decade. Let me explain how.
[Read more…] about 401k Rollover to an IRA – Why You Should Think Twice About It
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5 min read.
Minimalism, Blog, Minafi, Canonical.
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The last decade has seen a spike in attention towards living
For some, that means cleansing themselves from Facebook and Twitter. Some move into tiny houses or small apartments. Others
At the end of every quarter, I share a snapshot of my current finances. This includes what I’m invested in, their values and the change over time. The goal in sharing this information is to show it’s possible to make money investing in super-simple ways without the need to watch the latest news.
If you want to look back at past investment reports, you can view them all in one handy place or check out these links to the past few: