by friendsonfiremm | Apr 11, 2022 | Financial Independence, Growing Wealth, Lifestyle, Saving $
Episode Summary: In this episode, we talk about all things inflation. We dissect the concept of inflation and discuss how you can proactively respond to and mitigate current inflation. Inflation is essentially the increase in prices of goods and services, but it’s...
by friendsonfiremm | Apr 4, 2022 | Growing Wealth, Kids, Lifestyle, Saving $
Episode Summary: In this episode, we remind everyone that we have food at home, and so do you! Eating out can be one of the largest expense categories, and many people don’t realize how much they spend in this category until they start tracking their...
by friendsonfiremm | Mar 28, 2022 | Employer Benefits, Financial Independence, Growing Wealth, Lifestyle, Saving $
Episode Summary: In this episode, we discuss 401k and 403b investment options and how to pick the right ones for you. We start with a refresher on 401ks and 403bs and discuss the tax structure of these plans. We then explain the various types of funds available...
by friendsonfiremm | Mar 21, 2022 | Financial Independence, Growing Wealth, Kids, Lifestyle, Saving $
Episode Summary: In this week’s episode, we bring back the original friends on FIRE to give Maggie advice and counsel as she embarks on her early retirement journey. The original friends on FIRE are Mike’s dad Jack and his long-time friend Mark, who met at...
by friendsonfiremm | Mar 14, 2022 | Financial Independence, Growing Wealth, Kids, Lifestyle, Saving $
Episode Summary: In this week’s episode, Maggie shares a glimpse into how she plans to spend her retirement, or as she describes it, what’s on her early retirement bucket list. She introduces the concept of her Freedom Five and walks through each of her top...
by friendsonfiremm | Mar 7, 2022 | Employer Benefits, Financial Independence, Growing Wealth, Saving $
Episode Summary: In this week’s episode, Maggie shares her plan for medical insurance in early retirement. The reality is insurance is expensive, and either your employer is subsidizing the cost for you, or you’re paying the higher price tag in exchange for...
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