Mar 4

Mar 4 Is Being Basic Costing You Money?

Is being basic costing you money?

There's been a term floating around for a few years now called "basic." Urban Dictionary defines it as someone who "engages in typical, unoriginal behaviors, modes of dress, speech, and likes." Is there anything wrong with liking the things that are being mass marketed to us? Absolutely not, BUT, sometimes we have to start doing the unconventional to be able to get off of the same hamster wheel that everyone is on. Being average in the world of Financial Independence sometimes carries a price.

Feb 25

Feb 25 Young, Dumb and Broke: Start Your Financial Independence Journey Early

Catherine Agopcan

Relationships, Financial Basics

What's fun about commitment?
When we have our life to live
Yeah, we're just young dumb and broke
But we still got love to give

I'm sure by now you've heard of Khalid's latest single, "Young, Dumb and Broke." It's pretty catchy and once you hear it, it's hard to get it out of your head, but there's a lesson in his lyrics if we look closely.

Feb 11

Feb 11 Track Your Finances For Free With Personal Capital And Get to FI Faster

Catherine Agopcan

Financial Basics

There are these billboards on the highway close to where we live that says we spend more time liking photos on social media, than planning for retirement. This sounds scary to me. I will also be the first to admit that sometimes I get lost on social media. I've learned to strike a balance though by using a financial app that's as easy to use and as aesthetically pleasing as the feeds I see on Instagram.

Jan 19

Jan 19 What is My Money Mindset?

Catherine Agopcan

Financial Basics

Money is just a tool. It is neither good or bad. It's value comes from how it is used.

BUT...depending on how you grew up, you may not think of money that way. Money may be a source of fear. Money may be a source of strength. Money may conjure up good or bad memories.

Jan 17

Jan 17 What is Lifestyle Inflation?

Catherine Agopcan

Financial Basics

Most people live for the 5-10% pay increase every year. Many think they deserve the increase for putting in another year on the job. The reality is that most of the time this increase is typically eaten by lifestyle inflation and taxes and does not result in incremental wealth.

Jan 15

Jan 15 What Is Financial Independence?

Catherine Agopcan

Financial Basics

At Sisters for Financial Independence, we are broadly terming financial independence as the means to replace a wage income (9-5 salary) with income from an investment portfolio. It is generally passive and it comes regardless of how many hours one spends at the office.