Saving While Spending – The View From the Cheap Seats

A bit of a mixed up post this week – one which saw us celebrate an anniversary of sorts, spend a lot of money on what’s important to us while trying to avoid the mindless spends, and also win 2:0 against British Airways. (Although they did get us there and back in one piece, on time and luggage intact – worth a point, maybe….?).

Continue reading “Saving While Spending – The View From the Cheap Seats”

Safety in Numbers – Refining the FIRE Plan

As I get ever closer to my FIRE date and am facing the possibility of a much earlier exit from my current job than planned, the geek in me has gone into overdrive and I have been spending some time (…..ok, A LOT of time) reviewing and refining the numbers. Continue reading “Safety in Numbers – Refining the FIRE Plan”

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 “

Show Me The Money – A.K.A. My Financial Plan

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”

Financial Independence 101

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”

Introvert on FIRE

Last night there was an argument in the Twitter personal finance community. I don’t suppose that is particularly unusual, but it’s the first time I’ve watched one play out. I wasn’t involved in this discussion, but I read from the side lines feeling increasingly uncomfortable as the tweets rolled in. Continue reading “Introvert on FIRE”

You Have to Be In It to Win It

Financial Independence is rarely achieved by chance

…. for most of us it is preceded by the habits of saving and investing combined with the passing of time. Continue reading “You Have to Be In It to Win It”

The Quickest Route To Financial Independence

About this time two years ago it became apparent that my job would soon be redundant. This wasn’t the shock that maybe it would have been to many. Heading up the finance function of a small company that had recently been taken over by a corporate giant, I knew it was inevitable.

To cut a very long story short, come January 1st last year, I found myself in a new role within the aforementioned global corporation. Dodged a bullet, salary still coming in, big relief all round, no need for the poorhouse just yet. Continue reading “The Quickest Route To Financial Independence”

Why Getting Rich is Boring

The more I talk to people about money, the more I realise – those of us who seek out knowledge to improve our financial lives are in the minority. Bizarre as it seems, the majority of the population don’t actively try to learn about personal finance. (I know, right….?). So on the basis that the more content that is out there, the more likely it is that people will stumble across it, I’ll add to the pile with my take on the evergreen question – “How can I get to financial independence?”. Continue reading “Why Getting Rich is Boring”

The Illusion of Wealth (Part 2)

Remember Sarah and Paul? Their curiosity got the better of them and one evening at the beach bar the subject of early retirement and the question of “how?” was raised. Continue reading “The Illusion of Wealth (Part 2)”

The Illusion of Wealth (Part 1)

I am on holiday – I may have already mentioned this once or twice. We left England to all its December cold, windy rain, and fourteen hours later were sitting under a palm tree by the sea – the sunshine and warmth a tonic for our vitamin D deprived bodies.

This is not the traditional, hardcore FI way of doing things, but so what? We all find our unique path along this road less travelled and judgement is not a bus-stop along the way.

Yesterday, I met a couple – let’s call them Sarah and Paul. Late forties, they are here with their teenage daughter and son. They own their own business and wear their wealth well. Fit and healthy looking, well dressed, classy casual. A nicer family you could not wish to meet and we spent a fun evening in their company, working our way through the  cocktails menu. Continue reading “The Illusion of Wealth (Part 1)”