Why You Should Never Trust Inflation Numbers

Posted 8 CommentsPosted in Investing, Mindset

I’m sure you’ve heard the term inflation before. But what does it mean? How is it calculated? I’m here to break down all the confusion about what inflation actually is. It might surprise you that your inflation number can be vastly different than somebody else’s!

Merriam Webster defines inflation as “a general increase in prices and fall in the purchasing value of money.” These prices are calculated by the Bureau of Labor Statistics using a metric called the CPI (Consumer Price Index).… Read More

The Problems with Cash

Posted 8 CommentsPosted in Mindset, My Journey

This content may contain affiliate links. See the Privacy Policy for more information.

We are slowly moving toward a cashless society. For those who value optimization, this is great news! Cash is inefficient and inconvenient. If cash were to become obsolete tomorrow, I would be ecstatic (sorry drug dealers). Let’s break down some of the reasons why cash is sub-optimal at best.… Read More

Real Estate: From Zero to Financial Independence

Posted Leave a commentPosted in Investing, Real Estate, Side Hustles

This content may contain affiliate links. See the Privacy Policy for more information.

DOWNLOAD THE EXCEL FILE HERE (CLICK ENABLE MACROS)

Let me start by saying that real estate is not for everyone. Real estate is much more time-consuming than index fund investing. Additionally, properties need repairs, tenants aren’t always great, and leverage can be scary. … Read More

The Expense Floor: Why Income Matters

Posted Leave a commentPosted in Mindset, Side Hustles

This content may contain affiliate links. See the Privacy Policy for more information.

The only way to accumulate wealth is to create a gap between your income and your spending. The rate at which you accumulate wealth depends on the size of this gap. Much of traditional retirement guidance focuses on expense cutting and frugality. However, what happens when your expenses are cut to the bone and you still aren’t saving enough to retire?… Read More

The Savings Paradox

Posted 2 CommentsPosted in Mindset

This content may contain affiliate links. See the Privacy Policy for more information.

This post was inspired by a discussion I recently read in one of my active Facebook groups. Some members of the financial independence community felt targeted by the stereotypes attributed to the “typical non-FI” person. These stereotypes include eating at restaurants frequently, paying for cable, indulging in daily lattes, going out for drinks, and many more.… Read More

UberEats Bicycle – Skinny Waist, Skinny Wallet

Posted 4 CommentsPosted in My Journey, Side Hustles

This content may contain affiliate links. See the Privacy Policy for more information.

“But Cody, you’re supposed to be cool and successful, not some UberEats delivery guy!”

Don’t worry, I have a perfectly good explanation for this. Let me tell you the backstory as to why I currently deliver UberEats as a side hustle. I will also highlight the ups and downs of UberEats on a bicycle (pun intended).… Read More