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”
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”
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”
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”
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”