Automating Finance Systems and Goals With Checks and Balances

Forced Checks and Balances: Bank Acquisitions About a month ago, I had to migrate from my old checking account to a new checking out. Due to the free checking account being transitioned, I lost my favorite budgeting tools. I decided to keep the new account since the account numbers would not change. I also looked at the “financial tools” that would be offered, but when implemented they were quite lackluster. Last week I did a revamp of how I handle my checking and cash flows. I took advantage of other savings and checking accounts I have. Free accounts sometimes have some useful tools) and I like the idea of “buckets.” No other bank has the buckets as my old checking account had. I’ve decided to start using my secondary checking account for rent since it offers free paper checks. Unfortunately, my rent at the time can’t be paid online. Only…

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Back to The Beginning – The Original “FILESTONES” Let’s start with the basics. There were only a few types of FI or milestones when I first started my journey. FatFI (or FatFIRE) and LeanFI or (LeanFIRE). LeanFI, as I first learned (contrary to the new popular definition of roughly $40k per year spend or less), was when your expenses were covered by investments and/or other passive income. On the other end, FatFI was 30 times your expenses (rather than $100K or more per year spending). I first heard these terms from FI180. Why All These Different Types of FI? Before we get into what are the different types, we need to know the why. Know The Why of FI, before introducing others to the pillars or “levers” of FI. We have to help them find their “why.” Everyone’s Why of FI is what leads to a million different types of…

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J Money Multimedia Mogul

If you’ve been following Financial Independence (FI) media for a while, you may know of J Money from Budgets Are Sexy. Now of All-Star Money (by the Motley Fool) fame. All-Star Money was kind enough to feature one of my posts as well. I was first introduced to J when he was on the So Money Podcast hosted by Farnoosh Torabi. The Multimedia Empire Multisite blogger, former podcaster, interviewee, domain names owner and seller, content curator, clothing and merchandise seller, even avid coin collector. J has dipped his hands in many forms of online (and offline) content. His latest interview (at the time of this post, as far as I know) on the FI Show is what inspired this post. Fun fact, the only podcast I was fortunate enough to be interviewed on (again at the time of this writing) was also the FI Show. (Episode here). J’s resume is…

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