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Reader Case: Pay Off Debt or Invest

FIRECracker
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FIRECracker

FIRECracker is Canada's youngest retiree. She used to live in one of the most expensive cities in Canada, but instead of drowning in debt, she rejected home ownership. What resulted was a 7-figure portfolio, which has allowed her and her husband to retire at 31 and travel the world. Their story has been featured on CBC, the Huffington Post, CNBC, BNN, Business Insider, and Yahoo Finance. To date, it is the most shared story in CBC history and their viral video on CBC's On the Money has garnered 4.5 Million views.
FIRECracker
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Latest posts by FIRECracker (see all)

It’s Friday and you know what that means. Time for another reader case! And guess what? This time it’s NOT going to be about renting versus owning. Shocking, right? But hey, I gotta take a break every now and then. I might pull a ranting muscle and then where will we be? Now, the reason why this reader case caught my eye is because they’re dealing with an issue many Millennials face…so many, in fact, that collectively, Americans now own a combined $1.4 TRILLION in student debt, at an average of $30K per student. Yikes! So how do we tackle this common Millennial problem? […]

Why You Should Let Your Kids Fail

FIRECracker
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FIRECracker

FIRECracker is Canada's youngest retiree. She used to live in one of the most expensive cities in Canada, but instead of drowning in debt, she rejected home ownership. What resulted was a 7-figure portfolio, which has allowed her and her husband to retire at 31 and travel the world. Their story has been featured on CBC, the Huffington Post, CNBC, BNN, Business Insider, and Yahoo Finance. To date, it is the most shared story in CBC history and their viral video on CBC's On the Money has garnered 4.5 Million views.
FIRECracker
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Latest posts by FIRECracker (see all)

You should let your kids fail. OK let’s back up a bit. I know that’s a strange statement. But a reader sent me this article recently: 37% of young homeowners borrow from ‘bank of mom and dad For those of you who are too lazy to click the link, I’ll give you the gist of the story. Basically, an HSBC survey found out that as many as 37% of Millennials borrow from the “Bank of Mom and Dad” to buy a house in Canada. And get this: despite the fact that as many as 73% of buyers haven’t even STARTED […]

Why We Write

FIRECracker
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FIRECracker

FIRECracker is Canada's youngest retiree. She used to live in one of the most expensive cities in Canada, but instead of drowning in debt, she rejected home ownership. What resulted was a 7-figure portfolio, which has allowed her and her husband to retire at 31 and travel the world. Their story has been featured on CBC, the Huffington Post, CNBC, BNN, Business Insider, and Yahoo Finance. To date, it is the most shared story in CBC history and their viral video on CBC's On the Money has garnered 4.5 Million views.
FIRECracker
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Latest posts by FIRECracker (see all)

I know we have a lot of fun on this blog, but don’t let the “change the world music” on our video and naïve Millennial “I can do anything” optimism fool you. The goal of the Millennial Revolution is to talk about money in a fun and accessible way, with a whole lot of swearing and dick jokes thrown in. If you read through our insane ramblings and have a quick laugh, our job is done. If you actually LEARNED something from us, that would be a bonus. And if somebody were to actually CHANGE their situation, CHANGE their life […]

Frugal Hookups: The Sticky Aftermath

Wanderer
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Wanderer

The Wanderer retired from his engineering job at a major Silicon Valley semiconductor company at the age of 33. He now travels the world, seeking out knowledge from other wealthy people, so that he can teach people how to become Financially Independent themselves.
Wanderer
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Hi everyone! So last week we posted about Frugal Relationships and Frugal Hookups, and as an experiment we asked people to post about themselves if they were looking for someone just as well versed in the ways of FIRE as they were. The results were pretty surprising. First of all, there were 69 comments as of the time of this writing. TEE HEE. And of those, there were 34 brave people who participated. I was expecting 2 or 3 but instead we got 34. That suggests this is actually a problem people have. And as I thought about it, I […]

Frugal Hookups

Wanderer
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Wanderer

The Wanderer retired from his engineering job at a major Silicon Valley semiconductor company at the age of 33. He now travels the world, seeking out knowledge from other wealthy people, so that he can teach people how to become Financially Independent themselves.
Wanderer
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Since FIRECracker talked about “Marrying a Frugal Freak” in her last Monday post, I thought I’d take a swing at it from a guy’s perspective. A few months ago, we asked our readers if they could tell us their number one obstacle to Financial Independence. What we got back was a fascinating breakdown of all the problems our Revolutionary Readers face day-to-day, and that post ended up shaping a lot of the content that we write on this site to this day. One answer, however, sticks out in my mind. To the question, What is the number one obstacle keeping you from […]

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