Grand Rounds: FIRE Away
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Welcome to this session of grand rounds, a collection of posts I have discovered in the blogosphere and have found of interest and hope you do too.
This offering of Grand Rounds looks at articles from around the web that deal with some of the issues individuals have with the Financial Independence/Retire Early movement.
There many support groups out there to help individuals, the most famous of which uses a 12 step program to help reach the desired outcome.
Ty Roberts of Campfire Finance creates a similar program to help those who want to achieve Financial Independence in, “Six Steps To Reach Financial Independence.”
What step are you on?
History often repeats itself.
From periodic economic bubbles ranging from Tulips to Beanie Babies and everything in between what was once old is often thought of as new.
Case in point, the Financial Independence movement.
We would like to think that this is a new concept that our generation can claim.
Sadly, many of our predecessors beat us to the punch.
Wealthy Doc highlights one great example in, “Financial Independence Lessons From Benjamin Franklin.”
The day has come and you have reached all your financial goals and are able to truly retire early.
You have several options before you:
You can became a traveling nomad and explore the world with not a care in the world.
You can settle down in your locale of choice and create a home base.
Well luckily Mike, from Miked Up Blog, got two of his blogging buddies to debate on these very options in the very entertaining read, “Here’s What To Do After You Crush It And Retire Early.”
Physicians, by virtue of their large incomes, are typically granted access to the 1% club.
However just because you were able to gain entrance into the club does not mean you feel like you belong.
Even individuals with the same net worth can have different perceptions of how well off they are, which can be traced back to differences in net worth composition.
The Darwinian Doctor explores this phenomenon further in his post, “Why The Rich Don’t Feel Rich.”
Being wealthy and feeling wealthy are two different things, the latter is a state of mind.
Even if your bank account places you in the financially well off classification in the eyes of most people, it is your own eyes that make the final decision.
Mr. Tako Escapes explains some of the underlying causes of why what you perceive and what is reality are often not the same thing in, “Worth Millions And Still Not Feeling Wealthy?”
Hope you enjoyed the reading material.
Have a great rest of the week.
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Even a steadfast DIY’er can sometimes gain benefit from the occasional professional input.
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