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
My £1,000 Crypto Currency Experiment
Call me crazy. I am, or I feel like I’m walking into that typical FOMO trap. Fortunately I still have some sanity left and have put my entire life savings…
Continue readingFinancial Update 24# [March 2021] – All Looking Positive
Howdy folks! Lots of new and exciting developments that happened during March 2021! Remote Working the Future We have now officially closed our office and all workers for the business…
Continue readingReached £200,000 in Investments!
Wahoo! Another £100,000 added to the kitty! Incredible to think that it was May 22 of 2020 when I first reached £100,000 in Index Funds. This just shows the power…
Continue readingFinancial Update 23# [February 2021] – Garden & Work Galore
Howdy folks – Another month swings on by, February of course being a bit of a shorter month! At work we call this a bit of an annoying month as…
Continue readingFinancial Update 22# [January 2021] – A New Fresh Beginning
The new year is upon us and somewhat of a more optimistic year, in light of the global pandemic. The vaccine looks to be making a real good dent in…
Continue readingFinancial Update 22# [December 2020] – The Year Comes to a Close
Well we wave goodbye now to 2020. A rather ‘lack luster’ year in terms of holidays / exploring etc. Of course, the thing that really shadows it all is the…
Continue readingHappy New Year 2021 – Update on Goals
Happy new year readers! Well, as happy as we can make it I suppose. The media and eery feeling of how the COVID-19 pandemic continues to task grasp in the…
Continue readingFinancial Update 21# [November 2020] – The Markets Are Going Bonkers!
Howdy fellow Fire’ers! Hope you’re all hunkering down for Winter and looking forward to the festive season ahead. It’s been generally quite pleasant over here. Now we’re working from home…
Continue readingMilestone Achieved! £150,000 Saved
Wahoo! Absolutely buzzing – glad I managed to hit this target before the end of the year! I was wondering whether I was going to be able to hit this…
Continue readingFinancial Update 20# [NOVEMBER 2020] – Lockdown No.2 – It’s Rather Grim
Howdy folks! I’m going to try and keep this post positive, given the current situation here. Crikey, only 20 days late! Well, you know what they say, better late than…
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