A while ago, one of my Twitter followers sent me the following message: “Hey Banker, any chance you can do a post about your business? I am at the start of my career (early 20s) and entrepreneurship seems enticing, both for the potential to […]
In a break from tradition, today’s post has nothing to do with money, investing or financial independence. Instead, it is about life, and dealing with the curveballs that it will inevitably throw your way. Imagine for a moment that you are young, healthy, have […]
In any journey, the half-way mark is always an interesting – and symbolic milestone. Even more so this year as we navigate our way through a tumultuous 2020. Not that long ago, we were busy writing up our New Year’s resolutions. Those Australian wildfires […]
One of the biggest obstacles we face on the path to success is the concept of time frames. As a species, humans are just so damn impatient. Genetics plays a big role here. Put simply, delaying gratification was never the utility-maximizing strategy. For thousands […]
Solving for the best way to reach financial independence can be a frustrating exercise. Inevitably, it involves making some hard decisions about your current lifestyle and spending habits. And while the good life is certainly there for the taking, it sure feels like it’s […]
In a way, aspiring to financial independence is all about comfort. Forgetting what the jam-packed commute feels like. Never having to deal with workplace politics again. Leaving all the money worries behind and spending the rest of your days in a state of pure […]
The economy is tanking. The stock market is plumbing new depths every day. Everyone is stressed out trying to figure out how the Covid-19 pandemic will impact their health, careers, and finances. I certainly have spent a lot of time pondering what my future […]
As recently as two weeks ago, the prevailing macro view was that while the impact of Covid will be severe, the recovery will be V-shaped. That is, a sharp decline would be followed by an equally strong rebound in economic activity and asset prices. […]
When it comes to financial self-education, you can hardly do worse than spend one hour a year reading Warren Buffett’s annual letter to Berkshire’s shareholders. Informative, entertaining and thought-provoking, Buffett’s letters are a far better source of information and advice than 99% of the […]
If you got here by clicking on the headline above, then well done to you. You can pat yourself on the back for being brave enough to face up to some adversity. The first step to true personal growth is acknowledging some pretty uncomfortable […]
On a cold winter day about 10 years ago, I was waiting to board a flight to Philly. I was with my best friend and we were on our way to do a couple of MBA interviews, starting at Wharton. To say that I […]
When it comes to New Year’s resolutions, so many people fail at keeping them that it’s a surprise that anyone still bothers to make them in the first place. According to research, 80% of people give up on their New Year’s resolutions by February. […]
Did you know that meditation has officially become the fastest-growing health trend? Take note. Meditation has been around forever. But over the past decade, it has really come to the fore, with millions of people realizing the benefits of regular meditation practice. Go away, […]
Every year, without exception, I see the exact same situation playing out at work. Bright, motivated and hard-working guys and girls begin their careers as investment banking analysts. Almost immediately, the most ambitious and foresightful of the bunch start doing the rounds with the […]
If you are in your 20s and reading this, let me promise you one thing. At some point in the future, there will come a point in your life where you will think to yourself: “Ahh, if only I knew / did / avoided […]
Would you like to spend your life pursuing an utterly futile affair? If so, I recommend growing your wealth while ignoring your health. When you finally hit the holy grail of financial independence, you will likely find yourself spending most of your newfound free […]
When it comes to reaching financial independence, leaving an expensive city for a low cost of living area is pretty much a pre-requisite. At least that’s the impression you are bound to get if you spend any amount of time reading financial independence blogs […]
Last week, CNBC ran an interesting story on global wealth inequality. It was based on the recent global wealth ranking by Bloomberg, which attempted to neatly slot in everyone in the world in 14 buckets. Pictured below is the summary output of that exercise. […]
Have you ever shopped for flights on EasyJet (or any other discount airline) and had this message pop up? Aww, isn’t that nice of old SleazyJet? I better book those tickets now before they run out! I don’t want my next holiday leading me […]
Struggling with the Monday blues? Happens to the best of us. Monday Motivation is a series of stories and articles from around the world to inspire us and put a little spring in our collective step for the week ahead. Whether we are deep […]
The financial independence movement has certainly been gaining a lot of momentum in mainstream media recently. It seems that almost every day there is a new article, blog post or even a movie with guidance and advice on how to reach financial independence. In […]
Only a minority of people are born into wealthy families. The rest of us need to rely on jobs (at least at first) to generate income, cover our expenses and save money. Once you have saved and invested enough money to reach financial independence, […]
Happy Father’s Day Everyone! Congratulations to all the fathers out there. For those of you who aren’t yet fathers (or parents), know this: having children is one of the most rewarding experiences you will have in your life. It is hard to believe this […]
What is the fastest way to become wealthier? Saving, investing, starting a side business or getting a great education are all things that will set you on the path to financial independence. These are also things that take years and sometimes even decades to […]
One of the key reasons I started Banker On Fire is to help people make better financial decisions. I get very, very frustrated when I see family members, friends and colleagues make choices that end up costing them thousands or tens of thousands of […]
Life, liberty and the pursuit of happiness are the three unalienable rights in the US Declaration of Independence. These are replicated in various forms in the constitutional documents of many other countries, at least those that have regard to the quality of life of […]
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