October 2021

Is DecaMillionaire the New Millionaire

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I have run across numerous articles, blog posts, and podcasts lately that discussed the significance — or lack thereof — of the $1 million milestone in 2020/2021. Since I have seen the topic discussed in several places lately, I figured I would take a deeper dive today and give my take. Is decamillionaire the new millionaire? What is a Decamillionaire: According to Investopedia, a decamillionaire is a term used for someone with a net worth of over $10 million of a given currency, most often US dollars, euros, or pounds sterling. [1] Conversely, a millionaire can be defined as someone […]

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Understanding The Rule of 72

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Have you heard of the “Rule of 72”? If you consume FI and FIRE content including blogs or podcasts then chances are you have. Nevertheless, I thought it would be helpful to cover this rule today since many have never heard of it, and it has practical use for everyone — especially HENRYs in the pursuit of FI. What is the Rule of 72: The Rule of 72 is a very simple way to calculate the number of years it will take to double your money based upon a specific investment return. The formula is quite simply: Number of Years

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What Do You Want To Be When You Grow Up?

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It’s hard to believe it has been more than five months since my last post. I have sat down multiple times over this time period with the intent to write an update post. For numerous reasons, I just couldn’t seem to make it happen. To be honest, the timing just didn’t feel right, and I didn’t want to force it. Today — the timing finally feels right — so here goes. The intent of today’s post is to provide readers with a quick update on where I have been, what I have been up to, and why I think I

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