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A New Chapter

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Life and Space-Flight “The barrier to our future is often the very plans that we’ve created to get there.”  – Craig Lounsbrough Today, I find myself at a cross-roads in not only my career but my life. I sometimes like to think of my life as a rocket and my life’s journey as the equivalent of a space flight to some far-off destination in the solar system. I am unsure of the destination in this analogy as death seems the only answer, but that seems overly morbid. For this reason, I concentrate more on the journey component of the analogy. […]

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Do You Have An IPS?

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I am writing this article in early March 2021. The markets have been up and down lately as we continue through the COVID-19 Pandemic. Bond yields, vaccine approvals, interest rates, stimulus packages, corporate earnings… News in any of these areas and a thousand others cause the market to fluctuate daily. Volatility is to be expected when investing in the stock market because it comes with the territory. However, it seems the volatility continues to be magnified due to the current state of affairs in the world. For this reason, I think it is a good time to talk about the

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The Psychology of Money

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I set a personal goal this year to read twelve or more books (one or more a month) centered upon personal growth. I also figured I’d throw in a few fiction and several biographies as well. In today’s post I wanted to discuss one of the books I recently read, The Psychology of Money by Morgan Housel. Several years ago when I discovered the concept of financial independence and FIRE, I like many others before me, went deep down the rabbit hole. I read anything and everything that I could get my hands on in the space. I have no

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Why Do Executives Take a $1 Salary?

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Image Credit: https://www.foxbusiness.com/features/how-to-pay-uncle-sam-at-the-deadline “It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.” — Robert Kiyosaki Tax season is upon the Henry household, so naturally a post concerning taxes would be in order. Taxes are typically a dry subject, especially when you get into the weeds. At the risk of boring the hell out of some of you, I still thought I would cover some basic tax concepts in today’s post. I suspect there are many of you out there that think about

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2020 Financial Review

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You may recall in my October post that I provided an overview of our spending and saving through September 2020. Today I wanted to provide a final update on where we landed when the dust settled and I was finally able to reconcile our finances through end-of-year 2020. My intent is to do a financial review every year moving forward so I have a record and I can compare to previous years. 2020 Spending Breakdown  I once again grouped every dollar spent into the same broad expense categories with the top three (Housing & Utilities, Food & Dining Out and

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In Time: A Lesson Learned on the Value of Time

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“Money’s greatest intrinsic value—and this can’t be overstated—is its ability to give you control over your time.” – Morgan Housel I have been reflecting on the year that was 2020 over the last few weeks. If 2020 did one thing, it made me evaluate my time to include where I spend it, don’t spend it, and waste it. It made be evaluate the value of time. I suspect the same may be true for many readers. This is explains why a lot of my posts have encompassed the “personal” side of personal finance. 2020 was a strange year to say

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Understanding Index Funds & The Importance of Costs

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As I noted in my previous post, I want to continue to focus on areas that I think are important in the context of financial planning for the new year. As such, today I wanted to focus on index funds and the importance of costs. I originally envisioned taking a much deeper dive into both of these topics since they can be a key factor in building wealth and achieving financial independence. I still plan to do so in the future so consider today’s post as simply an introduction to both. Who was Jack Bogle? The man above is John

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Are You At Risk?

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Only when the tide goes out do you discover who’s been swimming naked.” – Warren Buffett It has been almost a month since my last post. It has been more than two months since I wrote an introduction post to my planned investing series. My plan was to begin publishing weekly posts within the investing series beginning in October. Then life happened. Or better yet, life in 2020 continued to happen. Like many, life has been challenging in 2020. Mrs. Henry and I have been very fortunate compared to others who have lost loved ones or lost their job in

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Types of FIRE: The Power is in the Pursuit

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It has been almost a month since my last post. In early October, Mrs. Henry and I took the kids on a mini-vacation. If you haven’t figured it out yet, I am somewhat of a planner. However, this trip was largely planned last minute. Since our kids are still attending school virtually, we thought it was a perfect opportunity to vacation in October since this is a time period we normally cannot travel since the kids would be in traditional school. The trip was everything we hoped it would be. The kids were in virtual school during the day which

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A Peak Behind the Curtain: My Finances YTD

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As I mentioned in my last post, I wanted to start providing a recurring financial update to include my savings rate as I continue on my journey to FI. I haven’t exactly landed on the cadence yet, but I am thinking I will post an update either monthly or quarterly. I am leaning toward quarterly at this point. For today’s post, I wanted to start by providing a baseline financial picture for the Henry household. In the spirit of doing so, I thought a logical starting point would be to outline spending and saving as a percentage of gross income

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