Strategic asset allocation is one of the most important aspects of investing for FIRE (financial independence, retire early), but what does it mean, you might wonder?

It’s actually rather simple. Strategic asset allocation involves finding an ideal mix of assets in your investment portfolio based on your personal risk tolerance, time horizon, and financial goals.

So it’s essentially finding your version of a Goldilocks portfolio. What’s right for you might be too hot or cold for someone else. But it doesn’t matter if your portfolio is wrong for someone else, what does matter is that it’s right for YOU.

If you’re committed to achieving FIRE, then strategic asset allocation is critical.

In this article, I’ll share some tips to help you mindfully select a strategic asset allocation that will support your financial goals, FIRE or otherwise.

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Portfolio diversification. It’s not sexy, but it’s the key to hedging your risk when it comes to investing.

If you dream of achieving financial freedom, investing and portfolio diversification can support your journey. 

If you’re following the FIRE movement (financial independence, retire early), portfolio diversification is even more important.

Diversification is the practice of spreading your money across different asset classes, industries, and geographic regions. This helps reduce your risk by minimizing your exposure to any one particular investment or market sector.

Whether you’re just starting to invest, or well into your investing strategy, portfolio diversification can help you build a portfolio that will help you achieve your financial goals, FIRE or otherwise.

In this article, I’ll provide you with the key factors you’ll want to consider when you choose your investments, and tips on how to build a diversified portfolio that will help you achieve FIRE.

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I began following the FIRE movement nearly a decade ago. While I still have a journey ahead of me, FIRE has helped me substantially change my life in short order.

Since I started FIRE, I’ve paid off my student loans, maximized my income, learned to live below my means, and achieved many of my other financial goals.

While my journey is far from over, FIRE has helped me become more financially free. Between myself and my partner, we can afford to live off just one of our incomes.

When it comes to the FIRE movement, we still have plans for what we want to accomplish in the future, and in this article, I’m going to tell you exactly what we have planned for FIRE next.

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As I sat down in our tax accountant’s office, I looked down at the piece of paper I was holding in my hands. It was an important document that reflected what I’d paid in interest toward my student debt that year. 

I couldn’t believe the figure in front of my face, yet it was right there. 

In just one year, I’d paid roughly $3,000 of interest into my student loans. And that was only the interest for one year. It didn’t account for the amount I’d paid into the principal balances, or what my husband had paid into his student loans either. 

That $3,000 was all I was allowed to write off on our taxes.

I had just paid what accounted for a nice cruise vacation into my student debt interest, and it didn’t even help lower the balance. I would have rathered spent the money on that vacation instead, but here I was, holding the piece of paper that proved I’d done otherwise. 

That money was gone, wasted.

I shook my head before I handed the document over to the accountant.

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After I was diagnosed with Crohn’s disease, I feared I’d never be able to build a successful career, and it was a dream that greatly mattered to me.

After my diagnosis, it was hard to face the reality that I would likely live with a chronic illness for the rest of my life.

While I didn’t give up on my dreams, I knew that my plans would need to shift, at least to some degree.

When I was young I dreamed of becoming an astronaut. I went to college with that intent and by the time I graduated, I’d become quite familiar with astronaut requirements.

The requirements were strict and incredibly difficult to overcome, even for someone in perfect health, so I knew my chances of becoming an astronaut were essentially 0.

However, I knew I could still become a scientist, and I dreamed of building a successful career and making a difference through science.

As you’ll soon learn, my career didn’t go exactly as planned, and I never foresaw making a shift like I would eventually make, but I did manage to build a successful career. In this article, I’m going to tell you exactly what I did to build my career while managing Crohn’s disease.

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It can be hard to balance a chronic illness and mental health.

After all, health issues can take a serious toll. And if stress aggravates your symptoms, then you might find yourself in a brutal cycle of declining mental health that then impacts your chronic illness. If you’ve managed to avoid this vicious cycle, trust me, it isn’t fun.

Both your physical and mental health matter, but it’s often challenging to manage them in the stressful world we live in. Life happens, and before you know it your health becomes the last priority.

It’s easy to let things slide, but it comes with dire consequences when you have a chronic illness. It’s important to take the time your chronic illness and mental health need to improve your well-being.

If you’re hoping to get your health back on the right track then you’re in the right place. In this article, I’m going to share 10 activities that can support your chronic illness and mental health.

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If you’ve already started a side hustle, or if you’re considering starting one, then you know how difficult it can be to balance your health with your pursuits (personal, professional, or otherwise).

You might even be trying to balance a career on top of it, which might be a challenging act, one you may find is often out of sync.

But what if you want to grow a side hustle to a full-time gig? Perhaps your small business brings passion to your life in a way that your day job can’t, in which case you may dream of doing more with it.

It can seem daunting to turn your side hustle into your full-time career, but it’s definitely possible. With careful planning and execution, you can grow your business while still managing your chronic illness.

In this article, I’m going to give you 10 tips you can use to grow your side hustle into a full-time business while balancing the demands of your chronic illness.

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Would you like to become financially free, but worry that your chronic illness may be holding you back?

If so, I completely understand how you feel, as I had the exact same concerns.

Living with a chronic illness can be challenging, both physically and financially (and mentally, spiritually, and so on, but I digress). Between the constant medical bills and physical symptoms, it can feel impossible to get ahead at times.

And let’s face it, at times an achievement for the day might simply be getting out of bed. When you live with a chronic illness, you constantly battle the demands of your illness and your dreams for the future. It isn’t easy, but somehow you find a way.

If your dreams include becoming financially free, then you’re in the right place. Keep reading on for 10 steps you can use to build your financial future.

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It’s challenging to live with a disability, but you can still lead a happy fulfilled life, which might include building a successful career.

Many careers are well-suited for people with disabilities. The key is to find a career that matches your skills and interests, and that can be accommodated to meet your specific needs.

Reflect and determine which jobs are reasonable for you based on your condition. If you have back pain, for instance, then you may need to find a role that limits your need to lift a heavy burden. If you have a chronic illness that causes chronic fatigue, then you may need reduced or flexible hours.

There isn’t a one-size fits all approach, as your condition may impact your life in unique ways, so you’ll want to consider what you’ll need in your career to enable your success in the long term.

In this article, I’ll provide a brief overview of your disability rights, 7 tips to help you find a career that accommodates your disability, and 6 jobs that might be suitable for someone with a disability (depending on your specific needs).

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Financial freedom may seem like a lofty goal, especially for a chronic illness warrior (i.e. someone that lives with a chronic illness). However, gaining financial freedom via the FIRE method holds immense and rising appeal.

After all, why wouldn’t you want to spend more time doing the things that bring you joy? You could spend more of your time enjoying the company of your loved ones, choose to work (or not) and live a more stress-free life.

It can be a financial challenge to live with a chronic illness. Between the cost of medical care, medications, and related fees, the expenses can rise rapidly. This can make it difficult to save for retirement or achieve other financial goals.

While it can be a challenge, there are ways to prepare for financial freedom, chronic illness or not. The FIRE method (Financial Independence, Retire Early) can provide structure and a plan to help you achieve your most ambitious financial goals, even if your income is limited.

In this article, I’ll provide a brief introduction to how you can start following the FIRE method, and I’ll give you 10 key tips you can use on your journey to financial success as a chronic illness warrior.

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