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…
March 2021 Savings Report – All Looking Positive
Howdy folks! Lots of new and exciting developments that happened during March 2021! Remote Working the Future…
Reached £200,000 in Investments!
Wahoo! Another £100,000 added to the kitty! Incredible to think that it was May 22 of 2020…
January 2021 Savings Report – Garden & Work Galore
Howdy folks – Another month swings on by, February of course being a bit of a shorter…
February 2021 Savings Report – A New Fresh Beginning
The new year is upon us and somewhat of a more optimistic year, in light of the…
December 2020 Savings Report – The Year Comes to a Close
Well we wave goodbye now to 2020. A rather ‘lack luster’ year in terms of holidays /…
Happy New Year 2021 – Update on Goals
Happy new year readers! Well, as happy as we can make it I suppose. The media and…
Financial 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…
Milestone Achieved! £150,000 Saved
Wahoo! Absolutely buzzing – glad I managed to hit this target before the end of the year!…
Financial 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,…
Financial Update 19# – Summer is Over October
As we gracefully float into October, I wonder how many of us will look back at the…
Financial Update 18# – Is it September already?!
Another month another dollar! Here in the UK we are most likely about to go back into…