finance

What is Financial Independence (FI)?

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We have already visited the comparison between FI and Ramsey, now let’s explore Financial Independence by itself. The Financial Independence (FI) approach to personal finance is characterized by the following key aspects: Intentional Spending: Flexibility in Lifestyle Choices: Sustainable Savings and Investment Strategies: Long-term Financial Planning: Focus on Quality of Life: Community Engagement and Shared […]

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Be On The Lookout

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Be On The Lookout: Deciphering Deceptive Financial Phrases In the ever-evolving financial landscape, it’s crucial to remain vigilant against misleading and often deceptive financial advice. At Frum Finance, we believe in empowering our community with the knowledge to discern fact from fiction in financial matters. This article aims to highlight common phrases across various financial

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Should you prioritize buying a house before retirement planning?

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There is a popular opinion around home-buying that the earlier the better. Here is a quote from the incredible creator behind GeltGuide, Eli Fried: For a frum family, a house is a very important financial need. Our families grow quickly and because we need specific neighborhoods, the prices rise drastically as well. You need to buy a

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frum.finance’s Financial Planning Software

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Never Miss An Update Click the button, then click follow in the top right. Follow Get Planning 📣 Mint.com is Shutting Down! – Make the Smart Move to RightCapital powered by frum.finance! 🌐✨ We are thrilled to announce that frum.finance has upgraded our services by implementing state-of-the-art financial planning software, RightCapital! This comprehensive platform will

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Navigating the Costs of Happiness: Can We Afford Our Dream Neighborhood?

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Never Miss An Update Click the button, then click follow in the top right. Follow A poignant question was raised in our community Slack, touching the core of a universal dilemma: Should smart money management take precedence over personal fulfillment? The case in point involves a family opting to live in a pricier neighborhood that

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FI vs Ramsey

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There are three general approaches to finance that you will hear often mentioned.1. Dave Ramsey2. FIRE (Financial Independence Retire Early)3. FI (Financial Independence) In this article, I will break down and explain those three terms so you can understand the similarities and differences between them. frum.finance recommends the FI approach. While I have linked many

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