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Debt Snowball vs. Debt Avalanche: Which Method Works Faster? (+ Free Template)
She Had 6 Debts and No Idea Where to StartPriya had $34,000 in debt spread across six accounts: two credit cards, a car loan, a personal loan, a medical bill, and a lingering student loan. Every month she made minimum payments on all six and threw an extra $200 at whichever one stressed her out most that week.Two years in, she'd paid off exactly zero accounts. The balances had barely...
What Is a FIRE Number and How Do I Calculate Mine?
Someone on Reddit Retired at 41 With $800,000. Here's the Math Behind It.A software engineer in his early 40s quit his job, moved to Portugal, and was living entirely off investment returns. Portfolio: $800,000. Annual spending: $32,000. Plan: never work again. How did he know $800,000 was enough? The answer is a concept called the FIRE number.FIRE stands for Financial Independence, Retire Early. Your FIRE number is the specific dollar...
How to Calculate Your FIRE Number (And Actually Hit It)
Your FIRE number is the investment portfolio size that lets you live off returns indefinitely without working. It's calculated as your annual expenses multiplied by 25 — the inverse of the 4% safe withdrawal rate from the Trinity Study. Simple math. Profound implications.This post covers how to calculate your number, how to model the path to hitting it, and the variables that most FIRE calculators ignore.The Core FormulaFIRE Number =...
Roth IRA Tracker: How to Max Out Your Roth IRA and Actually See Your Progress
She'd Been Contributing to Her Roth IRA for 4 Years and Had No Idea How Much Was In ItDanielle opened her Roth IRA at 27, set up a $200/month automatic contribution, and promptly forgot about it. Four years later she'd contributed $9,600 — but the annual limit was $6,500 in those years. She'd left $16,400 in tax-free contribution room on the table. At 7% average return, that's ~$125,000 in tax-free...
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