In the previous Feed and Fire post, we discussed how making a budget can increase your household profit margin. In this post, we will go into detail about how to start budgeting and how to measure success in 4 easy steps. So, let’s get started! Step 1: Review Set aside 1-2 h to look back…
Tag: personal finance
Using a budget to grow wealth
Increasing household net income Think of your household as a for-profit entity. Now, try to consider what that entity’s income statement might look like. You can calculate your “net income” during any given time period by finding the difference between revenues (i.e., the income you generate by selling your labor to your employer) and expenses…
The ABC’s of FIRE: Authenticity, Balance, and Confidence
The Financial Independence Retire Early (FIRE) movement is gaining traction among the new generation of young people entering the workforce. The promise of not having to depend on a paycheck and enjoying retirement far earlier than our parents’ generation seems unreal! But how exactly do you amass enough wealth to quit your day job at…
Feed and FIRE 