Reader Case: My Irresponsible Parents Are Destroying My FI Plans!
“Hi guys, I am one of your Asian readers from Hong Kong and have just finished your book and most of the content on your blog! Very inspiring and thanks for letting me know the concept of FIRE at a relatively young age. Age: 24-year-old female, graduated last year, single Income: Gross HKD 336,000 annually; HKD 315,968 annually after tax and MPF* (mandatory retirement account contribution) Debts: no debts or loans Rents: $0 as I live with my family (mum, dad & younger sister) Monthly expenses: HKD 16,000 ($8K as my expenses and another $8K as housekeeping money) Insurance: don’t […]
Reader Case: Artist Family Striving for FIRE in L.A
Wow, what a week. Covid-19 wave 2, a nail-biting, anxiety-inducing election, and here we are, finally breathing a sigh of relief. Now that I’m no longer glued to CNN and can concentrate on day-to-day tasks without having to distract myself with deep meditation, let’s get back to our regular scheduled program. Today’s going to be reader case day, and I have to admit, this e-mail immediately caught my eye as soon as I read the words “post WW2 poverty” and “indebtedness to the Yakuza”. Geez, I thought growing up under a totalitarian government was hard. If you can survive the […]
How Does a Joe Biden Presidency Affect the FIRE Community?
The Trump era is now at an end. Despite a once-in-a-generation pandemic, blatant attempts at voter suppression, and unfounded claims of voter fraud, the US pulled off not just a free and fair election, but an election with the highest turnout ever in recorded history. And as of today, every news network (including Fox News) has projected that Joe Biden will be the 46th president of the United States. But, as with everything 2020-related, there’s always the chance that things go sideways. It ain’t over ’til the fat lady sings, or in this case, until Trump’s army of Republican lawyers […]
Reader Case: Single Mom in Debt
It’s time for another reader case! This one is from a reader who comes from an immigrant background and has been struggling with debt and a divorce. I think you’ll find it pretty compelling. Let’s get to it: [the following e-mail has been edited for brevity and to maintain anonymity] Hi FIRECracker & Wanderer: You guys are my idols! My path is different than yours since I’m a single mom in debt. I’m 70% through your book. I’ll have to read the more technical parts a couple times since I’m completely investment illiterate, but your personal story was moving. I […]
Reader Case: Choosing Between Health and FIRE
Guess what day it is? Friday! (And apparently there’s something called a “weekend” coming up? How do these things work again?) That means it’s time for another reader case! This reader’s situation is tough and something that hits close to home. Remember how we said we came back to Canada due to a family emergency? Well, to date, said emergency is still ongoing, so I could immediately relate to this reader’s situation as soon as I read their e-mail. Without further do, here we go: Hello Firecracker/Wanderer, First, I’d like to say thank you for providing your investment advice for […]