Here at GoGreenDollar, achieving early retirement is undoubtedly one of the main focuses. In fact, the very first article ever posted on this site described the simple formula I’m using to retire in my 30s. In the time since that first article, I’ve discussed a multitude of topics, most of […]
read more...Category Archives: Financial Independence
How Much Money Do You Really Need To Retire?
How much money does someone need in order to safely retire? I’m sure this question has given many aspiring retirees pause. After all, no one wants to be forced back into the workforce once they’ve made the life-altering decision to leave it. Would a $250,000 savings be enough? How about […]
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How To Manage An Unexpected Financial Windfall
You’ve just received a large unexpected financial windfall. What should you do? Buy a new car? Maybe pay off your mortgage? How much should you save? Is it ok to splurge a little? What about investing? Whether it’s from an inheritance, an unlikely lottery win, the sale of a business, […]
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Seek Freedom, Not Riches
I recently had a debate with a group of friends. We were discussing the merits of pursuing financial independence and, potentially, early retirement, versus maintaining a normal job until old age and never really striving to achieve a high level of individual financial success. I argued that everyone’s goal should […]
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Pancakes Cost More Than You Think
Picture this. It’s a beautiful Saturday morning and your schedule is totally free. As a result, you’ve made plans to do exactly what any of us in a similar situation would do, eat pancakes! You travel to the finest breakfast establishment in your area, order a full stack of pancakes, […]
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Renting Is Better Than Buying
You know renting is the same as throwing money away, right? 30 years from now you’ll look back and regret not purchasing a home sooner. Why haven’t you bought a house yet??? My mortgage payment is less than your monthly rent! You could own a home for what you’re paying. […]
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The Stock Market Always Goes Up
My first taste of investing came after graduating from college and starting my first “real” job. This initial experience consisted of picking which funds–from a list of 10 or 15–I would invest in, in my 401k. I spent about 30 minutes “analyzing” the historical performance of the funds and then […]
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Investing For Early Retirement – Historical Performance
We’ve been doing a lot of traveling this month so we haven’t had the usual amount of time to put together a detailed post. However, it’s important to us that we are consistent in releasing new content, so we thought this week would be the perfect opportunity to share a […]
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Retire Early And Pay Zero Income Taxes…Forever
Although your taxes may be lower than you think there’s a good chance you still spend a significant portion of your income on taxes each year. Generally speaking, if you get a paycheck, a portion of it will be going to the government in the form of taxes. In fact, the government […]
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Penalty Free Early Access To Your Retirement Funds
As long-time readers probably know, 401(k)s are, by far, my favorite investment accounts. When it comes to allocating your investment funds, I believe dedicating money to a 401(k) with employer match should take priority over all other options. Most of the people in my life know about my affinity towards 401(k)s (I […]
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