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
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…
Cheers 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,…
Financial Update 17# – How hot can it go?
Howdy folks – A little late on this post / update on this one! Work has been…
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…
Life Update – Garden Explosion!
Howdy folks! Are we all enjoying the sunny weather or stuck in a sweltering hot office? We’re…
Financial 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…