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 19# – Summer is Over October
As 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 readingFinancial Update 18# – Is it September already?!
Another 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 readingCheers to that! ISA Filled up 2020/21
I 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 readingFinancial Update 17# – How hot can it go?
Howdy 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 readingFinancial 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…
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