Budgets Suck. Do this instead.
Budgets suck. There, I said it. And now, as I dive under the covers to hide from the combined fiery wrath of MMM, BudgetsAreSexy, and Mrs.FrugalWoods, let me tell you why. Now, you’re probably thinking “What the hell are you talking about, FC?” I’m clearly full of crap considering how often I wax poetic about my budgeting spreadsheets and those sexy sexy South East Asian prices. But hear me out. The reason why I say budgets suck is because they just. Don’t. WORK. Sure, weirdos like me will get off on tracking every dollar spent and fawn over frequent […]
Let’s Go Exploring! Phnom Penh, Cambodia: Proof that Your Problems Aren’t Real Problems
Growing up, my parents had very little sympathy for my problems. It didn’t matter whether I was complaining about the measles, my nosebleeds, or stomach worms, their response was always an impassive: “Tough it out. You’ll be fine.” Who could blame them? When you grow up under a Maoist regime that killed 70 million people, then survive a famine, only to be forced into gruelling hard labour in the countryside, “validating feelings” and babying your special snowflake kid isn’t going to make it to the top of your give-a-shit-list. If you’ve never had to secretively bury a relative murdered by the […]
Investment Workshop 32: Up Goes Interest Rates
Hello again and welcome back to the Millennial Revolution Investment Workshop! New readers, please click here to start from the beginning. Last week on June 14th, the US Federal Reserve did something that just a few years ago would have been unthinkable: they hiked interest rates. This is the 3rd such hike since December, bringing the Federal Fund benchmark rate from 0.5% in 2016 to 1.25% today. But what does it mean? Why would the Fed do that? And how will that affect our Investment Portfolio? Let’s talk a little about that, shall we? What The Hell Is This Thing? […]
Is Too Much Freedom Bad for You?
One of the things we get asked a lot is: “What do you do with all that time in retirement? Isn’t it boring?” And my response to that is usually pretty straightforward: we travel, we meet new people, we work on passion projects (like the app we’re launching this week), we write books, we blog, and basically work on whatever we feel like working on. Despite having all this time, we sometimes feel like there aren’t enough hours in the day. But if I take a step back, I realize the real reason behind this question. I realize how terrified people […]
Reader Case: Can I Retire at 45 to Become a Yoga Teacher?
Well, after 19 hours of travelling (we had a connecting flight which was delayed multiple times), we ended up stumbling to our Airbnb, all blurry-eyed, at 4:30am in the morning. Luckily we managed to inside without being robbed or mugged, fall exhausted into bed, only to wake up 6 hours later to launch an app. Good thing we’re retired, because I have no idea how we would’ve been able to accomplish this if we were on vacation and had to work the next day. Needless to say, this is going to be a pretty hectic week with the app going […]