Something that I find separates me from the classical financial independence/early retirement community is the particular obsession of that community with achieving financial independence in order to retire early from work. In the framing I see regularly repeated, you're supposed to study for the most lucrative degree possible, then get the most lucrative job available, then … [Read more...] about How much is your obsession with tax efficiency costing you?
Running a small business is as fun and easy as you'd expect, and more people should do it. I'm an unabashed promoter of self-employment, not because it will make you rich quickly (getting rich quick is the wrong goal on the wrong time frame), but because it will make you self-employed. That's my unfortunate literal tendency which I can never seem to keep suppressed for … [Read more...] about 6 things I wish I knew before starting a business
It's no secret that I'm a cheerleader for self-employment and entrepreneurship. I now run two blogs, this one here on the Saverocity network and another at freequentflyerbook.com. I've never asked anyone permission to start a business, I don't have a "business license," I just run a business like a goddamn American. That's the spirit I'm trying to promote here: if you aren't … [Read more...] about This should be a golden age of entrepreneurship; why isn’t it?
This is a blog about self-employment and entrepreneurship, and access to affordable comprehensive health insurance has always been one of the biggest obstacles to entrepreneurship. That makes the newly-released draft of the Senate's healthcare reform bill squarely in this blog's wheelhouse, just as the House's version was back in March. First, we need to briefly review the … [Read more...] about Yes, we have to talk about the Senate healthcare bill
I've been doing a deep dive lately into one-participant 401(k) plans, which has caused me to observe that people are often extremely unclear about what they are talking about when they talk about one-participant 401(k) contribution limits. The reason is that multiple types of legal entities can sponsor one-participant 401(k) plans, including unincorporated sole proprietors … [Read more...] about S corporations: logic and illogic