Financial Independence Retire Early UK
What is financial independence retire early all about? Also known as a 'lifestyle' or 'movement', the goal is simple - save 25x of your yearly expenses in a diversified investment portfolio to then withdraw 4% each year with very little risk of ever running out of money. Originally FIRE became a movement back in 1992 via the 'Your Money or Your Life' book written by Wicki Robin and Joe Dominguez, but since then becoming financially independent is an attractive option and growing trend for many in the UK.
In this blog I document my journey to becoming financially independent, focusing on increasing my savings rate whilst decreasing my expenses. The FIRE movement has psychologically assisted me in making better financial choices, re-wiring the need to 'keep up the Jones' or thinking twice about purchasing unnecessary products. I don't live a frugal lifestyle and look forward to escaping the rat race early and getting back that all important spare time and freedom.
I document life hacks that I've picked up along the way, money saving tips, frugal food, and general views on life and other ramblings.
Financial Independence Retire Early Blog
Financial Update 16# – June 2020 (Going up up and away!)
Howdy folks! Quite a short post this as work has me drowning at the moment. We got back to the office last week and it’s been pretty full on since….
Continue readingLife Update – Garden Explosion!
Howdy folks! Are we all enjoying the sunny weather or stuck in a sweltering hot office? We’re now back to the office this end (only skeleton staff though) and fortunately…
Continue readingFinancial Update 15# – May 2020 (Back in the black!)
Howdy folks! Another month zooms on by. Own up, who has already said to themselves ‘how are we already half way through the year already?!’ (I certainly have!). The UK…
Continue readingReached £100,000 in Index Funds!
The title says it all really! Just a celebratory post to document that I’ve now hit just over £100,000 invested in Index Funds. To think, that back in late 2018,…
Continue readingFinancial Update 14# – April 2020 (House Improvements & Planting Veg)
Hey everyone! I’m taking a slightly different stance on this months financial update. With all the events / dread that is surrounding the world regarding Coronavirus, I thought it might…
Continue readingWork is getting tough – Recession Looming? Small Business Pressure
A quick post to document an update in light of the coronavirus pandemic. Firstly, how is everyone coping? There’s been a lot of coverage on coronavirus making Brexit seem like…
Continue readingFinancial Update 13# – March 2020 (Coronavirus causing chaos)
Hello everyone! So…. yah. I’m having trouble on where to start with everything. Shall we just jump straight in? Ok – Coronavirus. Eugh – how frustrating! I feel like we’re…
Continue readingFinancial Update 12# – February 2020 (Massive savings month!)
Howdy all! Well February sure did shoot on by? Blink and it was gone! Did anyone else feel the same? It’s been horrible here in the UK – rain rain…
Continue readingElectric Van Life – Loving It!
Put simply, i’m absolutely loving it! One of the best investments I’ve made for personal finances that delivers real impact both in psychological form and financial. I shall explain; Financial…
Continue readingFinancial Update 11# – January 2020 (Tax man got me real good)
Howdy all! How’s everyone doing? We all made it to 2020! Here’s to another FIRE journey year for us all! I normally open up every blog post with the same…
Continue reading