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Is This the end of the Backdoor Roth IRA?

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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.
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American tax planning has always been a confusing mess. On top of typical retirement savings vehicles like a 401(k) plan, you also have IRAs, Roth IRAs, Roth 401(k)’s, and all the different rules and regulations that govern how they all interact with each other. Fortunately for the FIRE community, you have nerdy bloggers like us, Mad Fientist, and GoCurryCracker who actually enjoy unwinding all the confusing rules and figuring out strategies that allow us to use these accounts to save taxes and, more importantly, be able to access that money in order to fund our living expenses in early retirement. […]

The Return of Dividends

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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.
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There’s been a lot of news in the finance world lately. As the pandemic’s effect on the economy continues to ease, governments all over the world are gradually pulling back the economic measures that were put in place to prevent the economy from completely collapsing. A few months ago, both Canada and the US ended their pandemic unemployment benefits that financially supported people who were thrown out of work. Then, central banks announced that they would slow or eliminate their Quantitative Easing programs, essentially stopping the printing of money so that inflation can be brought under control. And now, one […]

How to Get Free Bitcoin

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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.
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I’m honestly not sure why so many people have such a hard-on for crypto. At this point, we now personally know nearly all the major FIRE bloggers out there and of the ones that successfully reached FIRE, most got there by investing their money in index funds, with some doing it through rental real estate. Nobody got there by investing in crypto. The biggest reason for this is that cryptocurrency is a speculative investment with no intrinsic value. Even if someone did make millions off Bitcoin, it would be completely unreproducible. “How did you become a millionaire?” “Oh, I bought […]

Why Women Are Better At Investing

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FIRECracker is a world-travelling early 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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When I first started this blog, one of my mentors (a man) told me, “you’re going to have a huge disadvantage writing a finance blog as a woman. No man will ever read it.” (Millions of views and tens of thousands of subscribers later—half of which are men—he’s been proven wrong) In engineering school, I was outnumbered 8 to 100 as a woman by my male classmates. And finally, at work, there were two male bathrooms for every female bathroom to accommodate the high male-to-female ratio in my field. Women still earn 80 cents for every dollar a man makes. […]

Have The Roaring Twenties Begun?

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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.
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There’s been more and more chatter in the media about whether we’re entering a new “Roaring Twenties” now that the pandemic recedes. I’m not entirely sure that’s a good thing, because yes the decade after the 1918 flu pandemic ended saw record economic expansion and rampant stock market gains, but it also famously ended in the crash of 1929 which began the Great Depression. Not completely convinced that’s history we want to repeat. But hey, now that we are officially at the halfway point of 2021, let’s see how our portfolio has been doing… For the purposes of this checkup, […]

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