Lifestyle Inflation.
Financial Independence and Retire Early UK
by fireaddict1066
3y ago
Photo by Karolina Grabowska on Pexels.com Lifestyle inflation occurs when your expenses increase alongside your income. As earnings increase, it’s natural to want to buy a better car or take another vacation. After all, it seems feasible. But if your savings rate isn’t at least keeping up with your rising expenses, you could end up… The post Lifestyle Inflation. appeared first on Financial Independence and Retire Early UK ..read more
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The 8th Wonder of the World.
Financial Independence and Retire Early UK
by fireaddict1066
3y ago
Photo by Porapak Apichodilok on Pexels.com Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it. – Albert Einstein. This is one of my favourite quotes of all time.  Gaining Financial Independence requires a source of passive income to cover your basic expenses.… The post The 8th Wonder of the World. appeared first on Financial Independence and Retire Early UK ..read more
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How to Beat Inflation.
Financial Independence and Retire Early UK
by fireaddict1066
3y ago
Photo by Fabian Wiktor on Pexels.com Inflation is the not so sexy risk of early retirement. The elephant in the room that not only makes day to day living more expensive, but also eats away at your savings. This blog post will give an overview of how you can protect your retirement savings from inflation.… The post How to Beat Inflation. appeared first on Financial Independence and Retire Early UK ..read more
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How to Hack the Stockmarket.
Financial Independence and Retire Early UK
by fireaddict1066
3y ago
Photo by Prateek Katyal on Pexels.com Many market experts advise holding shares for the long-term. At times investors may be tempted to dabble in shares for a short-term gain. However, it pays out in overall higher returns, to keep shares invested for a long period of time. One of the main reasons to hold shares… The post How to Hack the Stockmarket. appeared first on Financial Independence and Retire Early UK ..read more
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More on the 4% Rule; The FIRE movement.
Financial Independence and Retire Early UK
by fireaddict1066
3y ago
It is a question that many retirees want to know. How much can I safely withdrawal from my pension and still maintain the lumpsum for the duration of retirement. In 1994 financial advisor William Bengen published a paper that answered this very question. As part of the FIRE movement he found that people could safely… The post More on the 4% Rule; The FIRE movement. appeared first on Financial Independence and Retire Early UK ..read more
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MY FIRE Target.
Financial Independence and Retire Early UK
by fireaddict1066
3y ago
Photo by Constantin Adelina on Pexels.com the Financial independence retire early UK movement is about setting targets. My target is £250,000, £10,000 per year or £833 per month. This maybe the single most important question that you ask yourself, when pursuing FIRE. I arrived at my figure after conducting monthly budgets and tracking my expenses… The post MY FIRE Target. appeared first on Financial Independence and Retire Early UK ..read more
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What is Financial Independence UK.
Financial Independence and Retire Early UK
by fireaddict1066
3y ago
Photo by Ave Calvar Martinez on Pexels.com Financial independence is often about attaining a specific amount of wealth that allows you to live independently. That is one strategy when it comes to retirement planning, but financial independence could also be much broader in scope.  Financial independence can include a number of sub targets, instead of… The post What is Financial Independence UK. appeared first on Financial Independence and Retire Early UK ..read more
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Pay Yourself First; The Fire Movement.
Financial Independence and Retire Early UK
by fireaddict1066
3y ago
Photo by Vlad Bagacian on Pexels.com Many people wish to save for something in particular, especially when part of the FIRE movement. However, they lack the budgeting know how to make this a reality. People may have countless other bills that need to be met first, before they can contribute anything to savings. Paying yourself… The post Pay Yourself First; The Fire Movement. appeared first on Financial Independence and Retire Early UK ..read more
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Hidden Wealth and Financial Independence.
Financial Independence and Retire Early UK
by fireaddict1066
3y ago
Photo by Nadi Lindsay on Pexels.com Many years ago, when I was a teenager, I worked in a grocery shop. The job was easy and enjoyable and involved a lot of manual lifting. I knew little about the owner or financial independence, but what I eventually learned has shaped my finances to this date. The… The post Hidden Wealth and Financial Independence. appeared first on Financial Independence and Retire Early UK ..read more
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Die Mortgage Die, Killing the Debt!
Financial Independence and Retire Early UK
by fireaddict1066
3y ago
Photo by Ithalu Dominguez on Pexels.com With interest rates at record lows, some argue that there is no need to pay off your mortgage early. On the other hand, some argue that it is always a good idea to pay off your mortgage. As it is likely to be your biggest debt and, over the… The post Die Mortgage Die, Killing the Debt! appeared first on Financial Independence and Retire Early UK ..read more
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