Who Have you Told About Your FIRE Plans?

Anybody else feel the same way that sometimes it feels really weird talking about either financial independence or early retirement (or both) out there in the real world? Continue reading “Who Have you Told About Your FIRE Plans?”

I’m Afraid I’m Going to Quit Before I’m Financially Independent

This is one of those weeks where I could so easily throw in the towel.

(I make no apologies – there is some ranting in this post. Sometimes I just need to get things off my chest).

I had a couple of black days on my tracker and that combined with the beautiful weather we are having means I am yearning to be free of this job millstone and get on with real living.  Continue reading “I’m Afraid I’m Going to Quit Before I’m Financially Independent”

How I Saved My FIRE Fund

I still have some way to go – but it’s fair to say I have saved a good chunk of money into my Financial Independence fund.

At the time of writing this I am 89% of the way there in terms of having enough saved to fund the second stage of my retirement (when I can draw down from my pensions) and I have 78% of the savings I need in place to fund the years until then.

If I succeed in retiring in just under 3 year’s time, I will be 49 years old. It’s not super early like some of the people I read about, but it is well ahead of standard retirement age. I have got to this point partly by having an above average salary in the last few years and partly from good habits or particular personality traits (with a few mistakes thrown into the mix).

These are the habits and traits that have helped me save my financial independence fund. Continue reading “How I Saved My FIRE Fund”

Half Year Financial Update

As a FIRE enthusiast, the end of the month is eagerly anticipated. Spreadsheets at the ready, I update my numbers, track my progress and work out how much closer I am to reaching that Financial Independence goal. Happy as a pig in s*** – is there any better way to spend a Saturday afternoon….?

June is even more special as I can look at my progress for the half year 🙂 (Maybe I need to get out more….?). Continue reading “Half Year Financial Update”

Invoking the F.U. Clause

It’s been a bad week.

Every quarter the VP of the business holds an off-site management meeting and the sixteen or so leaders from various parts of Europe meet for a few days. I attend in my capacity as Finance Business Partner and as an introvert, the whole thing is my idea of hell. Continue reading “Invoking the F.U. Clause”

Financial Resilience – Being Bullet Proof

I have been thinking about financial resilience this week.

I spend a lot of time considering ways to earn more money, or ways of saving money by reducing my spending, but is there a chance of losing what I already have?

We can take insurance against major catastrophes. And so, heaven forbid should my house burn down or I’m involved in a car accident, I would not need to be concerned about money and could focus on dealing with the fallout instead. But life is full of twists and turns and whoever really knows what is around the next corner? What about those things we don’t always insure against or don’t even think about – am I in good enough shape to withstand any shocks to my finances? Would my early retirement plans be derailed if something major were to happen? What could those shocks even be? Continue reading “Financial Resilience – Being Bullet Proof”

Tax and the 4% Rule 

How should we consider tax when using the 4% rule for early retirement calculations?

I have a plan.

A financial road map, leading me from where I am now to where I want to be. It ignores get rich quick schemes and the latest crypto craze and takes the shortest route I know that will get me there in one piece. Continue reading “Tax and the 4% Rule “