The Money Habit Blog

Why Real Estate Advice Is Dangerous: Hyperlocality

Reading Time: 3 Min Everyone seems to have a gut reaction about real estate as an investment, and those opinions clash violently. I used to wonder about this – at family gatherings, my intelligent cousin would try and convince my equally intelligent uncle from across the country why real estate was an excellent bet, and...

How I Actually Quit My Job and Other Hard Money Decisions: Navigating The Leap of Faith

Reading Time: 4 Min We talk a lot about specific tactics to achieve our retirement dreams here, but the psychology around implementing those ideas is equally important. Doing something different is uncomfortable. Sometimes, it surpasses uncomfortable and gets to terrifying. We confront this feeling all along the way to financial independence. Drive used cars and...

What It’s Like Being Retired: Rainy Afternoon Laziness

Reading Time: 1 Min   I woke up at 3pm today. I would like to say that that is a very unique occurrence, but since I’ve retired it’s been a semi-frequent event. The nice thing about being retired is that it takes what is usually a bad choice with negative consequences and completely neutralizes it....

ABP: The Secret to Not Wanting Fancy Things

Reading Time: 2 Min   We want things because they build anticipation and provide novelty in our lives. We get to dream of what life will look like with New Thing. Purchasing New Thing brings a rush of satisfaction and a hit of dopamine in our brains. But the effect is temporary, and a week,...

What Retirees Can Do About Today’s Low Interest Rate Environment

Reading Time: 8 Min    If you’ve read my last post, you understand why today’s environment is so difficult for aspiring retirees. Retirees want steady cash flow options, and that often means parking a big chunk of change in bonds. However, bonds are paying a ridiculously tiny 2-3% interest compared to the 7-10%+ interest rates...

Interest Rates: A Breakdown in Your Retirement Strategy

Reading Time: 4 Minutes   The name of the game as a retiree is cash flow. Because you are no longer generating annual income to pay your bills, investments that provide consistent cash flow start to look more appealing than their long-term, appreciation-based counterparts.   This is why a lot of advice focuses on buying...

What It’s Like Being Retired: 2AM Pancakes

Reading Time: 2 Minutes   A lot of people are curious what it’s like to be retired young. Because of that, I’m starting a new series of posts capturing memorable moments when they happen.   You ever find yourself tossing and turning in bed, something plaguing your mind as you struggle to fall asleep? When...

Only ⅓ of Happiness is Purchasable

Reading Time: 2 Minutes   I am reading an excellent book called Resilience by Eric Greitens. Greitens is a former Navy SEAL and navy officer and the book is a series of letters written to a friend who is struggling with life after military service. It is an excellent read which you should make time...

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