Why SlowFI should be your path to financial freedom…

“Be not afraid of going slowly. Be afraid only of standing still”

– Chinese Proverb –

Let’s face it, we all dream of living “the good life” of financial freedom. The unfortunate fact is that most people won’t ever get to that point in life because they were never taught financial literacy. Not only that, society has been conditioned to believe that taking short cuts to “get rich quick” is the ONLY way to achieve financial freedom. The reality is that unless one has been fortunate enough to be born into wealth, most wealthy people achieve their status over time by being financially disciplined and meticulous planning.

But before we go any further, let’s define the term. 

Slow FI: When someone utilizes the incremental financial freedom they gain along the journey to financial independence to live happier and healthier lives, do better work, and build strong relationships.

The journey to financial freedom is exactly that… a journey and not a race. If you haven’t done so already, it’s imperative that you start investing now so that your wealth portfolio has time to grow and use compound interest in your favor.

Don’t be fooled into believing that you can put it off until later because you’re young. That’s the ideal time to start! Building a wealth portfolio should be done meticulously but also enjoyable. Adding money each payday and watching it grow over time should be as much of a priority as paying down debts each month. And once you’ve achieved debt freedom, the money put towards those debt payments should then be put towards your wealth portfolio.

If you’ve read any of my other posts then you should know that I’m an advocate of the “richest man in bablylon” philosophy of paying yourself first regardless of your debts and putting that money to work for you. I’ve disciplined myself to do this and I implore you to do the same. I know I sound like a broken record by always repeating this, but repetition is one of the keys to learning and forming habits.

We live in a quick buck society with instant gratification in high demand. But the reality of it all is that many people are managing to just get by pay check to pay check if even that. They dream big but often take no action and later in life have no financial reserves to fall back on.

As a reader of this blog, my goal is to help you avoid that lifestyle. I’m dedicated to getting this philosophy out and influence the counter culture belief that it’s okay to build wealth slowly and enjoy life in the process.

Dave Ramsey has a saying that goes like this “live your life today like no one else, so that you can live your life tomorrow like no one else”. It’s a very simple concept, yet so enlightening.

As I take this journey of building wealth from scratch slowly, I’m documenting it with my payday post plans. I post these every other Friday which consist of how much I’ve paid myself and how I’m applying those funds to my wealth portfolio. I take screen shots of my investment accounts and post them as proof.

So you see, I’m following the principle of SlowFi wealth building because I believe in the principle of practicing what I preach.

As I like to say… “the journeybegins with the first step”.

If you see value in this article then please be sure to like and subscribe to the blog if you haven’t done so already. I’ll be putting up more wealth building posts in the future and you can have them delivered straight to your email account.

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I’ll see you in the next post. Until next time… be sure to comment below and let’s get some dialogue going. I’m curious to know, what’s your opinion on slowfi wealth building?

One last thing, follow me on twitter for daily tweets and updates https://twitter.com/RFinancially

Follow me on twitter


 Click on the link and follow me on twitter for daily tweets and updates https://twitter.com/RFinancially

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Payday Plan Post 8/28/2020…

“Financial freedom is a mental, emotional and educational process”

– Robert Kiyosaki –

Wow… here it is two weeks later since the last Payday Plan Post Time to do an update since the last one and document the planned investments for this payday.

– Designated funds from this payday –

  • 401K contribution $172.10 – current value $15.825.30
  • Fidelity brokerage account $75.00 – current value $184.92
  • Acorns Roth IRA $5 – current value $100.13
  • Acorns investment account $5 – current value $143.44

A part of what I earn is mine to keep

You can create your own acorns account by clicking here.

I’m not putting a lot towards investments currently since I’m paying down debts. But the goal is to pay myself first each payday and put that money to work before anything else.

I wanted to catch the ARKF eft for $36.50 last payday, but it never went back down to that level and instead went back up into the $38 range. So I decided to add another $25 to the fidelity account and pick up a share of BIGC (Big Commerce) for $72.81. I watched it go down to the $66 range for two days before popping back up into the $140 range so I’m up huge on that buy at a 93.65% gain since the purchase. There’s been a lot of volatility on the price in an upward trend for three days straight.

I purchased a share of ARKF etf a few weeks back before the first payday plan post at $38.50 and its currently at $40.23. So I’m up 4.49% on that position. I’m thinking about picking up another share or two if it dips back down again.

I’ve been considering starting a small position in another stock or etf so I’ll see where the price goes in the next couple of days and share my decision on the 9/11/2020 payday plan post.

Be sure to keep track with me and if you’d like, share your payday plan in the comments section below.

Until next time… please like, follow and be sure to comment below and let’s get some dialogue going.

Why you should start investing now…

Compound interest is the eighth wonder of the world. He who understands it, earns it… he who doesn’t… pays it – Albert Einstein –

When it comes to investing money, the best time to start is yesterday. The sooner you start, the more time your investment portfolio has to grow. It’s not so much how much that you have to invest that matters as much as when you begin. Smaller amounts over a longer period of time will grow more than larger amounts later due to the power of compound interest.

If you’re familiar with how compound interest works then great, you understand the value of time and reinvestment. If not, no worries, you’re about to be enlightened to another key principle of how to manage your money like the rich.

So without getting into technical jargon that can get confusing with calculations and formulas, let me put it into simple terms. Compound interest occurs from interest that is earned on an initial investment and then reinvested to earn interest on the interest previously earned. The money that your initial investment created is now working for you to earn more money. In other words, free money earning free money over and over again growing exponentially.

Once you grasp this concept, you’ll never see money the same way again and understand why money is a tool used to build wealth. This is where time is your friend. The interest starts out small but grows large over time just like the snowball rolling down a hill. This is why the sooner you start the journey to building wealth, the better. I don’t know about you, but I love the concept of free money earning free money.

Let’s put this into perspective with a hypothetical investment scenario. We’ll invest our principle and interest 10 times over and keep the numbers simple so it’s easy to follow:

$1,000.00 that pays 5% on the interest earned. Initial investment .05 x 1000 = 50.

  • 1000 x .05 = 50 + 1000 = 1050
  • 1050 x .05 = 52.5 + 1050 = 1102.5
  • 1102.50 x .05 = 55.12 + 1102.50 = 1157.62
  • 1157.62 x .05 = 57.88 + 1157.62 = 1215.50
  • 1215.50 x .05 = 60.77 + 1215.50 = 1282.27
  • 1282.27 x .05 = 64.11 + 1282.27 = 1346.38
  • 1346.38 x .05 = 67.31 + 1346.38 = 1413.69
  • 1413.69 x .05 = 70.68 + 1413.69 = 1484.37
  • 1484.37 x .05 = 74.21 + 1484.37 = 1558.58
  • 1558.58 x .05 = 77.92 + 1558.58 = 1636.50

So our initial investment was $1,000.00 which earned us $50 in interest. Had we just spent the interest earned (poor minded thinking) and reinvested only the $1,000 again 10 times over we’d have earned another $50 each time totaling $500.00 and not had the $136.50 difference. This is the beauty of compound interest. Because we reinvested the initial investment plus the interest each time (rich minded thinking), we made an additional 136.50 more and still have that interest working for us rather than had we just kept the $50 each time.

Now imagine having multiple investments doing this at the same time and consistently reinvesting the gains. This is where discipline and dedication that I talked about in the journey come into play. By leaving your investments alone to grow and not withdrawing from them, your investment portfolio will grow much larger and faster in the long run.

Remember, we’re paying ourselves first when we earn income and putting that to work to earn us more in perpetuity. Starting out small is better than not starting out at all so don’t let yourself get discouraged by not earning a lot in the beginning. Remember… we’re playing the long game here. Trust me, your future self will thank you for your delayed gratification now.

I can’t emphasize enough about the importance of getting into the habit of devoting a portion of what you earn towards your investment portfolio and putting that income to work for you. Anyone can afford $5 a month to get started and the next post I do will be focused on that topic to prove that it can be done thanks to modern day financial technology (fintech).

As I like to say… “the journey begins with the first step”.

If you see value in this article then please be sure to subscribe to the blog if you haven’t done so already. I’ll be putting up more wealth building posts in the future and you can have them delivered straight to your email account.

I’ll see you in the next post. Until next time… be sure to comment below and let’s get some dialogue going. I’m curious to know, what tips do you have on how to build your wealth portfolio?

Follow me on twitter


 Click on the link and follow me on twitter for daily tweets and updates https://twitter.com/RFinancially

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