$760,000 A Year In Passive Income💸, Global stocks slip📉, Underearning to Six Figures in 5 Years💼

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FI/RE

Inflation surges. These ‘FIRE’ adherents are escaping the flames. (5 minute read)In March, when the inflation rate hit a 40-year high, Kim Massale didn’t fret about rising prices for food or other goods. She and her husband, John, had already cut back on unnecessary spending on Amazon.com and elsewhere. Instead, they socked away $30,000 into a retirement fund.

This 33-year-old mom makes $760,000 a year in passive income—and lives on a sailboat (4 minute read)"When I created my money and lifestyle blog Making Sense of Cents in 2011, I had no idea what I was doing. I was a 22-year-old financial analyst making $40,000 a year and struggling to pay off my student loans. But my debt was actually a large part of why I started blogging — I wanted to track and share the progress of my financial goals".

Treat All Investments As Expenses If You Want To Grow Richer (8 minute read)"Once you start treating your retirement contributions and investments as expenses, you will begin to build much more wealth than the average person. And once you build more wealth than the average person, your frustration will subside, and you will feel more free. The key is to go from a defensive mindset to an offensive mindset to build more wealth. Let’s start with a basic understanding of two financial statements."

FI Stories: How I Went From Underearning to Six Figures in 5 Years (9 minute read)I’m nearly 40 years old and have spent most of my adult life as an underearner. This happened because I had no career path as a young adult. I started from the bottom of the ladder as a federal employee and worked in an entry-level position. After some initial advancement, I foolishly assumed that hard work alone would solve my financial problems, and soon enough, I’d be an author making plenty of residual income. But I quickly learned I was wrong.

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Market

Global stocks slip as investors mull red-hot inflation and supersized central bank rate hikes (5 minute read)US stock futures fell Thursday with investors fretting about a fresh batch of worrying economic data. Wednesday's CPI data showed that prices are still soaring, with inflation at a 40-year high of 9.1%. Central banks could be set to hike interest rates aggressively to try to curb price pressures.

Your commute is hundreds of dollars more expensive this year. Here's Why. (4 minute read)Rising prices for gas and auto insurance mean the average American is now paying $2,914 a year to commute, up $757 — or 35% — from last year, according to a new report. It's also leading to debate over whether companies should pick up the tab. Legislation poised to become law in Philadelphia will require firms with more than 50 people to offer commuter benefits.

US Inflation Quickens to 9.1%, Amping Up Fed Pressure to Go Big (5 minute read)US inflation roared again to a fresh four-decade high last month, likely strengthening the Federal Reserve’s resolve to aggressively raise interest rates that risks upending the economic expansion.

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Top FI/RE Reddit Posts

FI for those who didn't receive financial help from their parents

What does being “rich” mean to you?

After a bit of suffering my wife and I can safely retire at 35 and enjoy full time with our baby :)

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Best of FI/RE Twitter

🤷 Sorry - Twitter is currently down and tweets are broken! Keep an eye out for more Twitter threads in the next edition!

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Wisdom Of The Week

“After spending many years in Wall Street and after making and losing millions of dollars, I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!” - Jesse Livermore

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