The “Do I Have Enough?” Toolkit

Of those who are on the path to financial independence and early retirement, there seem to be two camps. The first is that group of people who believe “that sounds about right” is more than adequate in terms of preparation. For them a rough 4% rule is all the calculation they need to pull the plug and walk away from paid employment and they will deal with whatever happens when it happens.

Continue reading “The “Do I Have Enough?” Toolkit”

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?”

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”

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 “

Single Parent Seeking FIRE

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”

Rethinking the FI Budget – What Do We Really Need to Include?

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?”