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
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
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?
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?
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
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
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
Happy weekend, peeps! My last post was my first go at a Savings Ninja 'thought experiment' (the Covid-19 edition), but I've been following this series for a while, as I love entertaining possibilities - possibly a hallmark of the FI personality (hmm, perhaps the basis of a future post!). Anyway, a while back in late… Continue reading The thought experiment post I never wrote: Last October’s prediction of a future pandemic!
"Unprecedented events create new experiences. What fun, misadventure, or positive discoveries have you encountered while locked down?"-Savings Ninja thought experiment -The Covid-19 Edition If you're not familiar with Savings Ninja's thought experiments, these hypothetical propositions appear every second month on his blog, and this is my first go at joining in with the fun. This… Continue reading Discoveries in lockdown: Lessons to take away…
Just 6 days have past, and my Vanguard funds (equities+bonds) have rebound from -17% to -9%. A slight silent relief (i.e. my equities are up £1.3k since 6 days ago), yet also a reminder for those waiting for a buying opportunity that the market waits for no one! And of course, we are in turbulent… Continue reading Riding the tide: Which Vanguard funds I’m adding to