Fiology: The online encyclopedia of financial independence
Fiology is a brand-new site that I believe will interest many Get Rich Slowly readers. It's an attempt to gather in one place related articles about a variety of common topics from the world of financial independence and early retirement.
Here's how Fiology founder David Baughier describes his goals:
My motivations for Fiology are simple – to share the message of Financial Independence while highlighting some of the best and brightest in the Financial Independence community on the internet. At no point will a visitor be charged by me to access the information on the site.
The majority of the material Fiology uses is free and readily available elsewhere on the internet. The value of Fiology is that it takes that information and organizes it into an easy reference that we can share with those interested in the concept of Financial Independence.
It's a simple concept, but it's also brilliant.
Each of the 53 lessons covers one specific topic. These lessons range from the milestones of financial independence to caring for aging parents, from geoarbitrage to retirement account basics, from compound interest to happiness. The lessons contain blog posts, news articles, podcasts, and YouTube videos, plus suggested apps, books, and tools.
Let's use one of my pet subjects as an example. Lesson two at Fiology is called “Why FI”, and it's all about figuring out why you want to retire early. Here's a screenshot of the resources Baughier has pulled together on the subject:
I appreciate that Fiology is uncomplicated and easy to navigate. Because its aim is to be a central resource, it's not bogged down by a lot of baggage. Baughier is able to gather information and present it in an accessible format. I also like that, if you'd like, you can subscribe to a weekly email so that you can consume all of the lessons over the course of a year.
Here is a list of all the lessons from Fiology (along with links to related GRS material, when appropriate):
- Lesson 0: The foundations of financial independence
- Lesson 1: What does financial independence mean to me? (GRS: What does it mean to be retired?, The five types of retirement)
- Lesson 2: Why choose financial independence? (GRS: What's your why?, How to write a personal mission statement)
- Lesson 3: How much do I need? (GRS: How much to save for retirement, Great online retirement calculators)
- Lesson 4: The milesones of financial independence (GRS: The stages of financial freedom)
- Lesson 5: The big three expenses (GRS: The best way to spend less)
- Lesson 6: The miracle of compound interest (GRS: The power of compounding)
- Lesson 7: Where does all my money go? (GRS: Book review: You Need a Budget)
- Lesson 8: Overcoming debt (GRS: How to get out of debt)
- Lesson 9: Retirement account basics
- Lesson 10: Do my habits wreak havoc?
- Lesson 11: Let our values guide our decisions (GRS: Conscious spending in action)
- Lesson 12: The risks of financial independence
- Lesson 13: It pays to be passive (GRS: How to invest)
- Lesson 14: The pension dimension
- Lesson 15: Rent or buy: What's best for FI? (GRS: Is it better to rent or buy?)
- Lesson 16: Automatic financial independence (GRS: How to use barriers and pre-commitment to do the right things with money)
- Lesson 17: Improved eating habits: A recipe for financial independence
- Lesson 18: Kids and money (GRS: Teaching kids about money)
- Lesson 19: Don't evade tax knowledge!
- Lesson 20: Geoarbitrage: Moving closer to FI (GRS: Cost of living: Why you should choose a cheap place to live)
- Lesson 21: The secret of financial independence
- Lesson 22: Higher education: To pay or not to pay? (GRS: The value of a college education)
- Lesson 23: Should you pay off your mortgage? (GRS: Should you pay off your mortgage early?)
- Lesson 24: Net worth is not equal to happiness (GRS: How to be happy and lead a meaningful life)
- Lesson 25: You can do it yourself!
- Lesson 26: Withdrawing retirement funds before age 59-1/2
- Lesson 27: Mindfulness
- Lesson 28: Join forces for FI: Getting your significant other on board
- Lesson 29: Cut the cords that tie you down (GRS: How watch TV without cable))
- Lesson 30: The Fibrary: Free library resources
- Lesson 31: Don't cell yourself short
- Lesson 32: Whole, term, or no life insurance? (GRS: An introduction to life insurance)
- Lesson 33: Health insurance
- Lesson 34: Reinforce financial independence with rental properties (GRS: How to get started with real estate investing)
- Lesson 35: Travel reward yourself
- Lesson 36: Decluttering home and self (GRS: My experience with the KonMari method)
- Lesson 37: Car-buying while on the road to FI
- Lesson 38: The pre-nup proposal
- Lesson 39: Side hustle up!
- Lesson 40: Financial independence with friends
- Lesson 41: Who is your FI mentor?
- Lesson 42: Opportunity costs (GRS: Opportunity costs and conscious spending)
- Lesson 43: The stoic filosophy
- Lesson 44: Sequence of returns risk
- Lesson 45: Real estate investment trusts
- Lesson 46: “One more year” syndrome
- Lesson 47: How to dream big
- Lesson 48: Caring for aging parents (GRS: Caring for aging parents)
- Lesson 49: Social Security
- Lesson 50: The dynamic journey
- Lesson 51: Living the FI life (GRS: Beyond wealth: What happens after you have Enough (and then some)?)
- Lesson 52: FI-vangelism
Fiology is a valuable reference for anyone interested in financial independence and early retirement. It's a site well-worth bookmarking. It's going to become the first place I visit when I'm researching articles and need help.