It’s not like we have never donated to charities before. We’ve sent the Red Cross the odd donation, and we’ve donated on behalf of coworkers running for charity. We’ve even pitched in for a couple Go Fund Me’s for friends in tough situations. It was just never a lot – $200-$300 a year at the most.
Last Week Tonight With John Oliver is just a glorious show. This Sunday’s show was no exception.
If retirement accounts and fund choices scare you, that video is a fantastic introduction to investing that touts the benefits of index funds and the dangers of non-fiduciary financial advisors.
The thing is, I was an index investing convert even before I joined the working world, and I was still completely confused when it came time to choose investments for my 401k. As Fluffster now holds a Bachelor of Financial Advising (you can too, just click that link ;), here is a hopefully-straightforward supplement.
When we first forayed into the world of financial blogging as content consumers, we were introduced to a lot of new terms. For the early retirement community, the most common are Financial Independence (FI) or Financially Independent and Retired Early (FIRE). There’s a reason (besides alliteration) that we use “Financial Freedom” as opposed to FIRE: Words are powerful.