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 “
I spend many hours a week with my head in financial independence blogs. (Maybe that’s why I’m single 😉 ). What often jumps out at me is how the majority of writers are part of a couple. That observation is not unusual – any single person will tell you that wherever you go, the rest of the world seems to be in couples. But more of us are choosing the single life (or having it forced upon us) than ever before.
This post is about my journey – what it’s been like for me being single and working towards financial independence.
(Spoiler alert – it feels good 😊) Continue reading “Single Parent Seeking FIRE”
It may have taken its time to arrive, but the weather is finally Spring-like in the UK. Every morning, I take the dog for a walk around the the nearby lake before most of the city is awake. When the weather is good, it’s my favourite time of day. No people around except for the occasional other dog walker or early morning runner. No traffic noise. The sky this morning was a beautiful pale blue; sunlight sparkled on the water and the sight of my dog galloping through the shallows chasing her ball was an advert for pure joy.
This. Just this.
If life was as simple as this, who would need an escape? Continue reading “Rethinking the FI Budget – What Do We Really Need to Include?”
Early retirement is a big deal. For most people it is not going to happen by accident and needs to be based on a solid financial plan.
I’ve talked about how I got to this point in my journey here. What about moving forwards? Where is the money going to come from to live? What will I draw down from and when? What other income streams will be coming in and what back-up plans do I have? Continue reading “Show Me The Money – A.K.A. My Financial Plan”
The recent tax year-end prompted me to review all my spending. Somewhat arrogantly, I had thought I was in pretty good shape, but it seemed as good a time as any for a once-over just to be sure.
Time to step away from the head shot and visit the full length mirror, if you like. A few extra pounds around the middle can turn into a death sentence for your financial independence plans if left unattended. Best to blitz that fat early on before it becomes several layers deep. Continue reading “Be Your Own Insurance Company”
If you are new to Financial Independence, this post is for you. If you are not new but you’ve ever found yourself in the situation where you try to explain what you’re doing to family and friends and get the blank stare or the shrugged shoulders or the dismissive comment – this post is also for you.
Sometimes I feel as if I am living a double life. I take care of my boys, manage my career, meet with friends and family and yet all the while, it feels like I’m working on this life-changing thing that none of them know much about. Something that has the potential to change my life so radically for the better I want to share it with them all so they can do it too.
Those of us that have had the light-bulb moment know how crucial the message is but it can be hard to convey. So I wanted somewhere to send them that has everything they need to get started. This is my attempt to provide that hub. Continue reading “Financial Independence 101”
Mother Nature is trying very hard to bring us Spring in the UK, so the clocks have changed, mornings are lighter and there is a general sense of relief in the air. We are thinking that the worst is over and are starting to look forward to life again with renewed energy and enthusiasm. We Brits are known for nothing if not our love of weather talk and the slightest glimpse of sunshine through the office window brings much excitement for everyone. Continue reading “What (Not) to Hate About Your Job”