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Megan and Harry Offered 7-Figure Spotify Deal

August 30, 2020 at 11:54 am EDT by Joshua Holt

Seeking financial independence after taking a step back from their royal duties, Megan and Harry have been reportedly offered a seven figure deal to produce podcasts for Spotify according to the Daily Mail.

“The couple, who are breaking away from the monarchy to earn their own money in the US, have had to ditch using Sussex Royal as their brand name.”

Taiwan Birth Costs 1/4th as Much as United States

August 30, 2020 at 10:40 am EDT by Joshua Holt

GoCurry Cracker welcomes newborn Jaiden to the family.

“The healthcare system in Taiwan is incredibly efficient and well run – we paid our complete and final bill as we checked out of the hospital.

Total cost: 142,480 TWD ($4,842 USD.) With a natural birth it would have been $1,700-$2,000 lower. (About $20,000 discount to the US?)”

Is This the Shortest Recession Ever?

August 30, 2020 at 10:36 am EDT by Joshua Holt

“The 32.9% GDP plunge in the second quarter overstates the severity of the recession quite a bit,” according to Early Retirement Now.

“Even though the 2020 recession spanned two quarters, Q1 and Q2, if we look at the economy at a monthly frequency, the drop in economic activity was concentrated in March and April only. January and February still saw solid growth and thus were still considered part of the longest economic expansion on record.”

Netflix Passes on Playing With FIRE

August 30, 2020 at 8:07 am EDT by Joshua Holt

From an email to supporters: “Netflix passed on Playing with FIRE”, the documentary about the financial independence movement.

“After 3 years of hard work, long hours, putting our personal journey on screen for everyone to see, we missed on our ultimate goal.”

The Only Safe Withdrawal Rate is 0.5%

August 30, 2020 at 5:14 am EDT by Joshua Holt

Sam Dogen: “For those of you without cushy pensions, I’m sorry folks. The 4 percent rule is outdated. It is now unwise to follow the 4 percent rule as a proper safe withdrawal rate in retirement.”

“Thanks to a steady decline in interest rates, 4 percent rule from 1998 has declined by over 85%. In other words, we should change the name of the 4 percent rule to the 0.5 percent rule.”

Warren Buffett Turns 90

August 30, 2020 at 5:08 am EDT by Joshua Holt

Today, Warren Buffett celebrates his 90th birthday.

He accumulated nearly 90% of his wealth after the age of 65, according to the Wall Street Journal.

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FIREwire

Personal finance, investing and financial independence.

About FIREwire

Joshua Holt is the founder of FIREwire, a site that aggregates personal finance, investing and financial independence stories. He is also the creator of Biglaw Investor.

Joshua spent more than a decade as a corporate lawyer in New York City representing sovereign nations and private equity clients in mergers & acquisitions.

He earned degrees from the University of Arkansas and Boston College, while also spending a year at Cambridge University in the United Kingdom. He lives in Austin with his wife and son.

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