In this out of sequence episode, I'm going deep into the importance of Russia's invasion of Ukraine and why this changes everything. Including the risks to you and your family and western reaction to this situation.
In previous articles, I have stated that the concept of FI (Financial Independence) is flawed. Although the pursuit of it is admirable, the fact is that few FI followers have been able to do this through bear markets. Consequently putting yourself on that path has some dangers. I prefer to concept of "financial sustainability" and this article gives you tangible steps to take to achieve that.
I absolutely believe that the first thing anyone should have as part of their financial strategy is liquid cash available for times of emergency. This has become more popular due to the Dave Ramsey preaching of the value of an emergency savings fund. But just how much is right, and what factors may influence the amount you need to have? We discuss this in light of a passive income strategy in this article.
The Internet giveth and the Internet taketh away. If you have been enjoying big salaries at your middle class or tech job, might be time to consider cashing in your chips. The remote worker revolution might not be your friend after all. Consider this a warning.