A retraction

Earlier this week, I published a guest article from Financial Samurai. I’ve decided to do something I’ve only twice before in fifteen years at Get Rich Slowly — I’m retracting that article. Sam’s article, while new, rehashed a piece he’d previously written for his own site. I was unaware of that original article until I …

Re-thinking safe-withdrawal rates and how much you’ll need in retirement

On 27 August 2020, the Federal Reserve announced a major policy shift. Fed Chair Jerome Powell said the Fed is willing to allow inflation to run hotter than normal in order to support the labor market and broader economy. In other words, the Federal Reserve is likely to keep its Fed Funds rate at or …

The power of habit tracking

For decades, I’ve been a proponent of habit tracking. Habit tracking sounds and feels nerdy to a lot of folks, so many people avoid it. That’s too bad. Habit tracking is a powerful tool that can help you make better decisions about your life. Let me share an example. Over at Reaktor, Olof Hoverfält recently …

My spending moratorium while on vacation

Kim and I are back from a week-long beach vacation with her brother and his family. We traveled to a luxury timeshare resort where it was super easy to practice social distancing because almost nobody was there. (The place was running at maybe 10% capacity because of COVID, and the level of cleanliness was mind-boggling. …

A year-long spending moratorium

While walking the dog last weekend, Kim noted that I’ve been getting a lot of packages in the mail lately. “What’s up with that?” she asked. I sighed. “Remember how we shared that bottle of champagne on New Year’s Eve?” I said. “Well, that got me buzzed enough that I sat down at my computer …

My 2020 in review: Steps in the right direction

Are you all ready for this? It’s one of my favorite days of the year! I just spent an hour entering data in Quicken, then another thirty minutes analyzing it. It’s time to run some numbers. How well did I do with my financial goals last year? Was I able to cut back on dining …

Myths and misconceptions about financial independence and early retirement

As the financial independence and early retirement movement (or FIRE movement, for short) has gained popularity, some myths and misconceptions have sprung up about what it entails. Too many people make assumptions about what the FIRE movement is and what it’s made of. A lot of folks think the FIRE movement is cult-ish. Some think …

The GRS Holiday Gift Guide

Every year at about this time, I start getting questions by email and social media — and even in Real Life: “Do you have any personal-finance or money-related gift ideas?” I know how tempting it can be to choose gifts that encourage smart financial choices. You look at the poor decisions your brother or sister …

A vision for the future of Get Rich Slowly

Well, it only took me three years, but I finally have a vision for what I want to do with Get Rich Slowly. When I re-purchased this site in 2017, I did so without any real idea of what I’d do with it. I wanted it back for sentimental reasons. (And so that nobody else …

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