What would it take for you to feel financially independent, confidently able to retire, truly ‘free’? It seems like from the time we’re children, we are indoctrinated into school, expected to study for advanced degrees, seek full-time jobs, and build decades-lasting careers. While the majority of society subscribe to this work-life model, it is far from the only option, and we contend there is a far more gratifying path.Read More
2019 is an exciting time to be alive. Socio-politics aside, we are fortunate enough to experience first-hand a massive advancement in technology only seen once every generation or so, and what many are calling the ‘Fourth Industrial Revolution.’ As with the advent of new technologies and advancements, boundless new opportunities arise in unexplored or previously non-existing industries. Consequently, if you are uncertain of or dissatisfied with your future or career path, there is no better time than now to explore an area new to the scene and reinvent yourself.Read More
You slide off your bag, slip off your shoes, and undo your belt, all of which you’ve been tethered to since you woke up early this morning to shower, get dressed, and promptly rush out the door. If this seems like the norm for you, you may inadvertently ‘live to work.’ We advocate the exact opposite: Work to Live.Read More
Rome wasn’t built in a day, nor will your goals be accomplished overnight. Rather than logging 16 hour work days or 72 hour coding ‘marathons’ followed by crashes, it’s been proven time and again that habit-forming and establishing a disciplined daily routine is most sustainable and yields the highest probability of success in your pursuit. Whether your objective is …Read More
“Don’t take out a credit card no matter what.” “Credit cards are a trap.” “If you get a credit card you’ll fall into debt.” We’ve heard all of the above since adolescence, even more surprisingly from the mouths of people in authority who should know better. But is it fair to oversimplify and demonize a financial instrument with not only valuable utility, but also exclusive financial incentives?Read More
One of the biggest causes is the misconception that investing is only for already-wealthy people. It’s no secret that money begets money, and the more capital one has, the more opportunities are available, and the easier it is to net proportionately higher returns. However, that doesn’t mean investing with a smaller sum or modest monthly contributions still isn’t lucrative over time. The crucial point to keep in mind is investing is a …Read More
Frugality has become a popular SEO buzzword in recent years, and for good reason. Financial discipline is critically important to preparing for your future and maintaining a sustainable lifestyle, while still enjoying life. The old saying goes, “spend less, save more.” However, we at MRP want to slightly modify this saying to, “earn more, invest more.” It goes without saying that …Read More
One of the safest, most effective investing-based retirement strategies is investing a large sum of money in index funds. This strategy is safe, effective, time-tested and highly touted by the FIRE community and some of its more voracious proponents. While we at MRP agree it is a good strategy, I want to analyze one enormous flaw with this strategy that is often not even mentioned:Read More
Let’s start off with a few inferences.
I don’t know how you found us. I don’t know where you’ve been. I don’t know what your life is like or has been like up to this point, and I don’t know where you’re going or who you’ll spend it with (or without).
What I presume, and these are not certainties but rather a core of beliefs, is that in all likelihood, you want the following:Read More