Late Bloomer Wealth

Frugal Habits

Documentary Premiere: “Playing with FIRE” (Financial Independence Retire Early)

If you think the baby boomer generation fundamentally changed retirement life, read this post and you might be wondering. Of course, my boomer generation changed retirement living at the traditional age of retirement at 65. Instead of reading the newspaper with our coffee each day, we are active and enjoying activities that we had not had a chance during our working years. Some have started businesses or decided to live abroad, and others have done the traditional retirement stuff, traveled, visited relatives, or stayed on the job because they loved what they do. I opted to write two books and a blog about retirement planning and volunteer for three organizations that matched my values. I also have taken private flying lessons, ballroom dancing classes, started a side hustle by renting my 2nd car to tourists and took lessons in Buddhism. I also experienced a terrible loss of my spouse, Dan of 40 years, and my older brother, sister, and friends. I went through grief and therapy to heal. Retirement life is also just life both the positive and not so positive. This post is about a group of young adults who want to do what we are doing only decades sooner than 65! I love them and share why I became an Associate Producer of this documentary, Playing with FIRE.

Outhouse to Frugality + Schizophrenia to College Graduate = Financial Independence

The Latest Post from Late Bloomer Wealth!
Part 1/2
Every personal finance book discusses infinitely that if you want to achieve financial independence, you must discover how to live within your means, and then save a little each month during your working career. It doesn’t really matter if you are young or old, high earner or less than average wage earner, I am here to share my experience for your edification.
As a 70-year-old, I have years of life to draw stories and experiences, so you can find your strengths and develop them. Hopefully, you will discover a few nuggets of how you can evolve into this wonderful state pursued by just about everyone–financial independence.
In Part one, I discuss what I discovered growing up on a dairy farm in Northern Wisconsin. The influence of my parent’s frugal habits motived me to begin saving right out of the gate, and my older brother’s serious schizophrenia motivated me to finish college.

Nine Rules for Reducing Retirement Planning Costs

One of the straightforward actions of saving costs on anything you purchase is looking at the price tag and price compare. Yet when it comes to investment costs, the “price tag” is difficult to locate and then what do you compare it with. Usually, the broker or financial adviser suggests alternatives. But the professional may have other priorities in mind such as getting their commission or slice of the pie from the investment expense. In this post, I provide 8 easy and one challenging rule that you can do right now to avoid getting into this predicament.

Book Review: The Soul of Money

If you want a more emotional, personal, and passionate point of view of money, read my review of The Soul of Money by Lynn Twist. It is surprisingly similar to John Bogle’s Enough book. I have come to realize the when it comes to thinking about money, people who do not have it, think about it all the time, and those who have saved, invested and managed their money, can think of supporting causes that make this planet a better place for all of us. I have discovered that I have become a better person by discovering and learning the investment process.

What makes Vanguard and Tesla Similar?

On April 22, 2014, was an exciting day for Dan and I. We picked up our brand new Tesla 2014 Model S. As you know, this car is very expensive. Almost a year had passed before we decided to purchase one. When it comes to supporting our values of buying American made products, supporting American ingenuity, American workers, sustainable energy movement, and a clean environment, money should not be an obstacle, especially when we could afford the price tag.

Eight Daily Habits of the Wealthy

Steve’s comment: Guest Author Jessica Kane shows how some regular people of all income levels become wealthy. Those who earned their way to being financially secure executed those common sense daily habits we all share. I love articles that show the behavioral similarities between the wealthy and the rest of us. I think it comes down to actually believing that if you are consistent and disciplined about the goal of saving and learning to manage your investments, after time, your assets will grow more than you think and you’ll become financially secure. It’s a darn good feeling.  

Top Personal Finance Blogs by Young and Highly Successful Do-It-Yourselfers

A Review for the Millennial Generation who Seek Financial Freedom: Mr. Money Mustache and White Coat Investor Have you ever thought of managing your own money without an expensive financial adviser? Or just needed somebody you can trust not to rip you off with commissions, and high advisory fees? If you have followed our blog here, that’s precisely what …

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205 Ways to Find Money to Invest

Dan and I are retired educators who did not earn exorbitant salaries! Yet, we managed to invest in our 403(b) constantly for decades. How?  We discovered how to control three of the most expensive consumer purchases: 1. House. When we bought our first house 35 years ago, we rented out the third bedroom and bath …

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Financial Blogs Worth a Look According to AARP

I agree with the American Association of Retired Persons’ (AARP) financial reporter Jean Chatzky. The following financial blogs are worth a look. The bold print is my 2-cents worth. Enjoy and happy holidays! Johnny Moneyseed. The author of this blog and his wife are 30-something early retirees. Don’t let that dissuade you. Their posts on topics …

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