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I read many personal finance, investing, fitness, and military related articles throughout the month. I learned everything I know about achieving financial independence from reading and learning from those who have done it all before. By sharing what I am reading with you, you can learn along with me.
This will be an ongoing series that I will update once a month for at least the next year (2017) with articles, blog posts, Reddit posts, and forum threads.
My book, The Intelligent Military Investor, is now available as a PDF here or on Amazon! It currently has all 5 or 4 star reviews, with 82% reviews 5 stars. The Amazon price is a deep discount from the PDF version.
Both the PDF and Kindle version are DRM (digital rights management) free, so you can share the book with your friends, family, squadron mates, or anyone else you think may find it useful.
It is a short read, taking most people 2-3 hours to get through it, but I think it may have a lasting impact on your life. Please let me know what you think or if you would like a coupon code.
Check out the White Coat Investor, who writes about how delaying purchases just a little bit gives your money more time to compound and set yourself up so you never have to wait to buy stuff again.
I practiced this myself by driving crappy used cars for the first 4 years after graduating university. A few months after I pinned on captain I bought me and the wife a brand new Mazda 3. While not an extragevant car, it's
The NY Times has an article about NYC taxi medallions and the bubble they experienced only a few years ago. The prices went up quickly due to the false scarcity the city government imposed. But then Uber, Lyft, and a half dozen other “ride sharing” apps came long and completely disrupted the industry. Now Uber is a multi billion dollar company and medallion owners are going bankrupt in NYC.
I would say this is a good lesson in diversifying your assets as well as not investing in markets you don't completely understand. It also presents a good case for holding liquid assets, like stocks/bonds/cash that you can quickly sell, vs. real estate or physical gold that have tremendous transaction costs and much smaller markets.
Another post from The White Coat Investor on financial milestones. Personally I achieved #1-5 and I am working on the rest.
This is a fun and interactive guide to financial independence. Kind of a “choose your own adventure” type of post. It's fun to see how much of an effect on your FI date can be changed by small reductions in spending and small increases in income.