- My Top 10 Accounting Principles for Everyday Lifeby Justin @ LivingTheFIghLifeAccounting helps businesses track and organize financial information so business leaders can make informed decisions. Similarly in personal finance we all implement some level of accounting to help manage our finances to track, budget, spend, save, invest and file taxes. In a past life I managed multi-million dollar businesses with complex financial statements and taught … Continue reading My Top 10 Accounting Principles for Everyday Life
- Has the FIRE movement lost its way?by Justin @ LivingTheFIghLifeIn a recent episode of ChooseFI podcast (a favorite of mine), a visiting host (Katie, from MoneyWithKatie.com) talked about buying “a very nice car [a pre-owned Porsche Macan with 8,000 miles].” She was quick to acknowledge that this decision was “breaking the cardinal sin of FI/RE” but the main ChooseFI host, Brad, quickly said that … Continue reading Has the FIRE movement lost its way?
- Calculating Functional Net Worthby Justin @ LivingTheFIghLifeNet worth is a key measure of building wealth. I have been calculating my net worth since 2011 so I can see my progress over time, and it’s a really useful tool. Many people are familiar with calculating their net worth: you add up the value of all of your assets (e.g., stocks, bonds, real … Continue reading Calculating Functional Net Worth
- The Meaning of “Millionaire”by Justin @ LivingTheFIghLifeWhen host Regis Philbin asked his game show contestants and audience “who wants to be a millionaire?,” he tapped into a belief many of us learned as children, that a million dollars was the pinnacle of financial success. I grew up on the rural eastern side of Washington State, and many people I knew were … Continue reading The Meaning of “Millionaire”
- Taking the Leap — Living The FIgh Lifeby Justin @ LivingTheFIghLifeOn August 28, 2020 at 5:47 pm, at age 52, I declared my financial independence (FI), packed up my personal belongings and left my GS-15 job at the Department of Defense after 9 years of civil service and 20 years of active duty. How was I feeling? As you can see from the below video, … Continue reading Taking the Leap — Living The FIgh Life