Financial 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…
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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.
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 readingHowdy 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 readingWahoo! 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 readingHowdy 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…
Continue readingAs we gracefully float into October, I wonder how many of us will look back at the year 2020 and think “Yah…. I don’t want to see that year again!”….
Continue readingAnother month another dollar! Here in the UK we are most likely about to go back into another lockdown due to the coronavirus epidemic. Cases are starting to pickup again…
Continue readingI would’ve thought given the Coronavirus situation that this year was going to be tough and sure, it has been. The bags under my eyes are almost touching the floor….
Continue readingHowdy folks – A little late on this post / update on this one! Work has been crazy these last few weeks with new clients returning to growth, socially distanced…
Continue readingHowdy 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 readingHowdy 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…
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