In this PPhREI Network roundup, we discuss the 7 steps to building a “rich dad style” cash flow and the origins of the FIRE movement.
The Prudent Plastic Surgeon
In this post, Dr. Frey riffs off of one of the key concepts in the book “Rich Dad, Poor Dad.” This is the famous book by Robert Kiyosaki that launched a million real estate investors into lives very different than normal. The concept Jordan examines is the “cash flow statement,” which is a graphical representation of the way money flows into and out of your life. With some fancy arrows and boxes, you’ll soon understand why so many Americans never accumulate wealth. (Hint: too many expenses and liabilities.).
To learn how to create a cash flow statement of your own, read the whole post here: 7 Steps to Build My Rich Dad Cash Flow Statement
The Darwinian Doctor
In this post, I take you on a historical journey through the origins of the FIRE movement (financial independence, retire early). From its tender beginnings in the book “Your Money or Your Life,” to its first and most famous practitioner, Mr. Money Mustache, you get it all! I also go into the mathematical basis for financial independence with emphasis on the Trinity Study and the 4% rule.
Read the whole post on the blog: A Brief History of the FIRE Movement | Generation FIRE Episode 2
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