Posts Tagged ‘financial independence’

How a Broke Farmer Became a Millionaire

1978: It was hot and dry the summer of 1978 in northeast Wisconsin and I hated it. My fourteenth birthday was around the corner and I was recently out of the hospital from heart surgery. The doctor said I needed to sit still as I healed over the next six months and my grandmother did…

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Tradelines: The $1,000 an Hour Side Gig

Remember all those credit cards you acquired to earn out those bonuses and eventually canceled? You’re going to wish you hadn’t done that. Credit cards are one of the most powerful wealthy building tools in existence today when used properly. They get a bad rap because irresponsible people rack up massive quantities of high interest…

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7 Questions Rich People Ask Their Accountant

A year ago I started tracking the questions clients asked me. Clients were put into three categories: those with income below $50,000; those with income over $400,000; and everyone else in between in the final category. Obsessive-compulsive disorder isn’t the reason for my behavior. I noticed questions frequently were based upon wealth. I needed to…

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Choose Your Friends Carefully

There is no doubt the kids are back in school. Three times a week I visit the gym midafternoon, a slow time of the day for the establishment. All summer I had the floor to myself or nearly so. Then the days got shorter and the kids went back to school. This gives mom free…

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All the New Stuff at The Wealthy Accountant

Astute observers will have noticed the curtains around this blog look different lately. The much talked about redesign is complete. As you can see it has been implemented. As expected, a few bugs needed working out, hence, the purpose for this special, Sunday Edition, post. Everything from before is still here with numerous additional features…

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If You Haven’t Retired by 30 You’re a F—— Failure

When I first discovered the FIRE (financial independence, retire early) community I didn’t even know it was a community. Always eager for a good read, I mentally grazed on the offerings of blogs around the internet. Intrigued by frugality I was naturally drawn to these blogs and news articles. Poverty was well in my past,…

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How Rich Am I? How Rich Are You?

Over the years I have been accused of being a millionaire by clients. The quest was to discover how much wealth their accountant had. I was mum. Few of my local clients read this blog; only the few who do know the scope of my wealth and understanding of money. The inquisitors would have been…

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How to Lose a Million Dollars in a Day

There is an insidious side to the FIRE (financial independence, retire early) community nobody wants to talk about. I was aware of this issue for some time as the owner of an accounting practice. What I found most disturbing is how blatantly bloggers and talking heads in the demographic keep giving advice that will lead…

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