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
While it's been a good 2 months since my last update, it feels like the world has truly changed since. Around mid-Feb, the Pacific excluding Japan index had been falling reflecting the impact the Coronavirus was h, and I topped up this fund along with my US and UK index funds a total of £1k.… Continue reading Financial update: Feb and Mar 2020
I started my blog at the end of July 2019 after a week of faffing about with my 'about me' page and opening my first index funds. What followed included glaring errors in my spreadsheet record keeping, some typical FI newbie questions (how to work out your savings rate? Are SIPPs for me?) and quite… Continue reading Six months of blogging – reflections and goals
Happy new year to all my readers and passers by. I hope those of you on your financial independence (FI) journey have celebrated your achievements this year. Although I've been a bit quieter than I wanted to be of late, I've noticed some people dropping by over the Christmas period, which has been appreciated! Anyway,… Continue reading Financial Update: December & year end