Financial Independence, Retire Early (FIRE)
I got to Financial Independence in 2018 and have designed an incredible life that I have to keep pinching my self to realise it is real. In this section I want to share with you what FIRE is, what it is not and everything I have learned about achieving it! Strap in for a FIRE journey!
What is financial Independence
I have a simple definition for this one! It is not often I can say that but I find this one easy to explain
Your assets return more money than you need to live on!!
Simple! You have spent your time and money buying assets that bring you passive income that supports all your needs for the rest of your life!
I have written a longer article about exactly what Financial Independence is here
The overall concept is simple but there is a lot of knowledge that you need to actually make it happen! The questions then start to come. What is an asset? What type of assets should I acquire or buy? How many do I need? How long will this take? I can't even save ten pounds a month how is this even possible? Why should I care?
Let's tackle some of these 1 by 1 and let's see what you think by the end of the articles. My plan is to write a series of articles describing what FI is, how it works and the different tools and instruments you can use to get there. I am going to introduce you to a few of the people I have learned from as well as they have said it far better than I have and I written articles that really make it clear!
Here is a list of the articles I have written on Financial Independence so far to help you get going:
If there is anything else you want me to write about on the subject of FI I would LOVE LOVE LOVE to have your questions. Drop me a line with your thoughts, put comments on the articles or just use the contact us form to send me a message with what you want me to cover
I feel so privileged that I have got to Financial Independence and I want to share with you how I have done it and the different thinking that has helped me get there.
I have written a longer article about exactly what Financial Independence is here
The overall concept is simple but there is a lot of knowledge that you need to actually make it happen! The questions then start to come. What is an asset? What type of assets should I acquire or buy? How many do I need? How long will this take? I can't even save ten pounds a month how is this even possible? Why should I care?
Let's tackle some of these 1 by 1 and let's see what you think by the end of the articles. My plan is to write a series of articles describing what FI is, how it works and the different tools and instruments you can use to get there. I am going to introduce you to a few of the people I have learned from as well as they have said it far better than I have and I written articles that really make it clear!
Here is a list of the articles I have written on Financial Independence so far to help you get going:
- "What are you actually spending your money on?" Could you buy your freedom before the next new car?
- The FIRE movement in the UK. This is my guide to the bloggers, groups and people of the FIRE movement in the UK
- What is financial independence? This article gives you the overview of the whole subject
- What is an asset and what is a liability? Beginners guide to investing in the UK
- "How much do you need to be able to retire?" This artcile explains the 4% rule and working out how big your pot should be so you are able to retire. There is then a follow up article answering some of the questions you asked about the first article. 4% rule questions and answers
- Your relationship with money. Getting your relationship in order with money is one of the most important things you can do before you start to invest.
- Playing with FIRE the documentary. Yes there is a documentary on financial independence and it is rather good. Read this article for my review and a link to where you can rent it
If there is anything else you want me to write about on the subject of FI I would LOVE LOVE LOVE to have your questions. Drop me a line with your thoughts, put comments on the articles or just use the contact us form to send me a message with what you want me to cover
I feel so privileged that I have got to Financial Independence and I want to share with you how I have done it and the different thinking that has helped me get there.
