A breath of fresh air as lockdown lifts... The beautiful but burning sun of late, interspersed with shower after shower, is probably a fair analogy for something – maybe my mixed feelings over my work situation. But that aside, I’ve retained my high (82%) savings rate. Or if you like, 87% of take-home pay (this… Continue reading Financial Independence update: June 2020
Unlikely Topic of Conversation 1: Quantitative Easing
That feeling you should or think you kinda know something, but you don’t really know it. This is what this new occasional series* tries to address: I deconstruct and untangle to provide digestible personal finance-related nuggets for the regular person, which let’s face it, rarely come up as a topic of dinnertime conversation! At least… Continue reading Unlikely Topic of Conversation 1: Quantitative Easing
Ecofrugal: My 17 Top Tips for a Win-Win
You could sum it up in five words – Use less and make your own. And there’s some good lists out there already, so what’s new? I wanted to base this one on my own experience as someone who doesn’t have a tonne of spare time and mental space (realistically, I’m not going to keep… Continue reading Ecofrugal: My 17 Top Tips for a Win-Win
Financial independence update: May 2020
The sun is out, followed very closely by what feels like the near constant tune of the ice cream van, aaand lockdown is starting to relax. Consumer confidence may be sinking, but does that mean saving is on the rise? With Firelite Junior poised to return to nursery on Monday, change is certainly afoot. I’ve… Continue reading Financial independence update: May 2020
Voluntary redundancy in the time of Corona
Taking the plunge? So, the announcement was made this week. I didn’t expect it so soon and held my breath as I read the email. They’re offering 10 months’ salary to those who’ve been there as long as I have to take voluntary redundancy (VR). While less attractive than previously (12 months’ salary during the… Continue reading Voluntary redundancy in the time of Corona
Which FI dinosaur are you?
Dinosaurs were arguably the original financially free creatures to roam the planet! Each creature had its own niche. Since 2020 Lockdown is getting a bit weary now, let’s go back to pre-history to find out which FI dino you are*… Tyrannosaurus Rex Fast-track in high-paying city career, multiple passive income streams and throwing a tonne… Continue reading Which FI dinosaur are you?
Do you need as much as you think to be financially independent?
Or another question I pose to myself this morning as I sit here with my coffee: If I had to live on what I have accumulated now, could I do so with some semblance of quality of life? Moments If you’re new to saving (or investing), then this may feel like a ludicrous question. But… Continue reading Do you need as much as you think to be financially independent?
The Four Burners Theory and the Why of FI
What's the secret to success in life whatever that means to you? Well, I recently came across the four burners theory*, which in short, purports that each symbolic burner represents a specific important area of your life (see my stove representation below), and in order to excel in one area, you must cut off one… Continue reading The Four Burners Theory and the Why of FI
Financial Independence update: April 2020
A case of illusion or timing? This month saw my welcome return to the warmer climes of the £100k+ club! This was partly due to an over £2k improvement in my index funds (now at -7.03%) and partly due to my savings rate: 77% is out of all my non-tax income, or 81% of take-home… Continue reading Financial Independence update: April 2020
The thrill of a free share: Starting my mini share portfolio
So, I decided to set up a fun share portfolio. I'd read Weenie's recommendation a while back of Freetrade, a start-up company which offers free share dealing. With some form of lockdown likely to last a good while, I thought this was a good a time as any to explore the stockmarket directly. Plus, Freetrade… Continue reading The thrill of a free share: Starting my mini share portfolio