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The Financial Journeyman
General Finance
Investing, Financial Independence, FIRE, Personal Finance
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Net worth:
Scranton, Pennsylvania, United States
Life stage:
DINK (Dual Income, No Kids)
Human Resources (HR)
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Latest Blog Posts

It is common to read about how young people are not saving enough for retirement.  While it is always better to start early, they still have many decades to correct their financial mishaps.  The real concern is for people who are age 50 or older and do not have enough saved to support their current standard of living in retirement.  What could this population do to secure their retirement' If ...
Posted: Mar 16 2018 @ 8:59 AM
Have you ever considered separating the money that you plan on drawing down during your retirement based on the phases of your retirement'  A common approach is to allocate different piles of money in separate buckets based on when you plan on using the money.  The Bucket Approach was made popular by Raymond J. Lucia, CFP as the result of his book Buckets of Money.  The theory is based on ...
Posted: Mar 04 2018 @ 7:19 AM
Over the years, I have heard people compare investing to gambling.  It normally occurs during periods when the stock market is experiencing negative returns. People will make comments comparing investing in stocks to casino gaming.  Those who market alternative investment products will use heavy rhetoric and refer to conventional investments as the Wall Street Casino. There are a few similarities between investing and gambling.  Investing and gambling both require money.  Both can be profitable.  Both can ...
Posted: Feb 27 2018 @ 10:04 AM
After what seemed like many months of debate, tax reform has been passed into law for 2018.  This is not a political blog, so I will not be sharing my opinion on any of these changes.  The purpose of this post is to just share some of the highlights that will be useful for people who are interested in reaching financial independence. This post does not cover every change.  The ...
Posted: Feb 21 2018 @ 7:47 AM
An abundance mindset is the opposite of a scarcity mindset.  A scarcity mindset is one where a person is consumed by fear, desperation, and self-centeredness due to the obsession with not having enough resources to live and thrive.  An abundance mindset is a mindset where a person feels that there are enough resources and opportunities for everyone to succeed and live a fulfilling life. There are many things in life ...
Posted: Feb 15 2018 @ 9:59 AM
  Gone are the days when you just use to go out and shop with very little knowledge of what you are having, we use to have our faith on the salesperson but now, now there is a significant shift in our course of actions. Modern customers know that the person guiding them about a particular product is getting paid to do what he does, he has to sell their ...
Posted: Feb 07 2018 @ 12:16 PM
Even though you are doing your best to actively manage your finances, do you ever think that you might not have enough money to pay all of your bills, enjoy life, and save for a meaningful retirement'  Do you feel lonely, isolated, or even terminally unique'  Do you make financial decisions out of fear'  Does the thought of early retirement and drawing down your assets make you feel like panicking'  ...
Posted: Feb 07 2018 @ 9:24 AM
I am very excited about today’s post.  This is a guest post from my new friend Cubert from AbandonedCubicle.com.  In this post, Cubert shares how he is planning on retiring at age 46 and to abandon his cubicle for good.  As a more passive investor, this post has provided me with great insight into real estate investing as well as an introduction to what is required to operate an Airbnb ...
Posted: Feb 02 2018 @ 1:09 PM
I have been on the journey toward financial independence for a long time.  I started saving and investing to reach financial independence at age 20.  When I decided that I wanted to become wealthy, I knew that I needed to be educated on how to turn this goal into a reality. While at college, I studied Business Management.  Even though I tried to take as many finance classes as possible, ...
Posted: Jan 29 2018 @ 12:59 PM
As an individual, it is important to know where you stand as an investor.  To succeed, you need to know your goals.  For most individual investors, their goal is to be able to fund their retirement expenses or even to be able to retire early.  Other goals might be paying for a child’s education, starting a business, or building a dream house. To reach those goals, there is a simple ...
Posted: Jan 24 2018 @ 1:25 PM


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"This guy clearly knows his shit; with every post, I feel like he's got my back as one of those "savers", and his web site is pretty damn cool, too"

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