Tag: Vanguard

The Burrito Bowl Diaries Philosophy on Money and Investing

For today’s article I’ll attempt to explain our investing philosophy- where we do it, how we do it, and why it doesn’t have to be this big scary thing.

If you’re in the financial independence community you’ve almost certainly peaked your head into the mysterious world of investing. If you’re not in the FI community, investing might still be this big scary thing. The point of this article- and kind of this blog in general- is to defog the whole saving and investing situation while trying to convince people it’s worth doing.

I think our overall money philosophy can be summed up to this:

Live below your means, avoid debt, invest as much as you can, and enjoy the journey. But, since you’re here anyway, I’ll dive a little deeper.
Continue reading “The Burrito Bowl Diaries Philosophy on Money and Investing”

Debt, Compounding Interest, and $50,000 Truck

Compounding interest is the eighth wonder of the world.  He who understands it, earns it. He who doesn’t, pays it. Compound interest is the most powerful force in the universe.- Albert Einstein.

Despite my track record, this is a real quote.  It teaches us a few things.  1) Albert Einstein was clearly a little sexist- women can compound interest too.  2) He was clearly prone to exaggeration-Really? Compounding interest is more powerful than anything in the universe? Oh I’m sorry…black holes. Slap. Really, Albert. 3) Understanding compounding interest is important. Continue reading “Debt, Compounding Interest, and $50,000 Truck”

How Investment Fees Are Decimating Your Portfolio

Investment fees are pretty bad.  I’m not going to lie to you about that.  I initially planned on asking a hypothetical question about whether or not they were a big deal, but they are.  They are a big deal.  They are such a big deal I don’t even want to waste time asking how your week was.  We just don’t have time for that.  If your portfolio is being charged a few percentage points per year, you could be losing out on over a million dollars over the course of your life. Continue reading “How Investment Fees Are Decimating Your Portfolio”

Investing 101- How to Invest Your Money When You Don’t Know Where to Start

Question:  I have some amount of money that I would like to turn into more money.  How should I invest it?

Side Note:  I’m pretty lazy and don’t want it to take up a lot of my time.

Answer:  You should invest in Vanguard VTSMX.

How to invest post over.  Phew that was really easier than I thought.

For those of you more curious as to why you should invest in Vanguard VTSMX I will explain in further detail and also ask/answer a few more questions. Continue reading “Investing 101- How to Invest Your Money When You Don’t Know Where to Start”