Category: Blog

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How I lost £30,000 by being ‘loyal’ to my employer

I am going to tell you about something that happened to me that, with hindsight, makes me look rather foolish.  That said, the experience in question was a salutary lesson, learned the hard way. It taught me the importance of diversification, not just in terms of one’s portfolio but also with regards to other areas…
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Where to live if you want to retire in your 30s or 40s

If you want to reach financial independence and retire early, be warned:  Setting aside your job, where you live could be the single biggest factor that determines how quickly you can reach your goals. Let’s face it. Us Brits are utterly obsessed with property. An Englishman’s home is his castle, as the saying goes, but…
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An interview with RESET author David Sawyer

David Sawyer is a very distinguished PR professional who discovered FIRE and decided to reset his life. His new book, RESET: How to Restart Your Life and Get F.U. Money, is the result of his mission to synthesize all the knowledge he has acquired after tonnes of wide-ranging research, primarily in the self-improvement and personal finance…
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Your stuff or your life?

It always amazes me how many people are prepared to give up a very large chunk of their time on this planet to pay for stuff they don’t need. Today my mum and Dad sold an old coffeemaker on eBay, which they had practically never used. They paid around £90 for it a few years…
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What it means to be Financially Independent

Put simply, Financial Independence (FI) is the ability to support one’s lifestyle without recourse to the labour market. This entails having enough passive income to cover one’s day-to-day expenditures.  OK, that’s the technical definition. But what does it mean in reality?  Well, for starters you can say good riddance to all those financial worries that cause so…
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Bah Humbug! 3 tips to save money and enjoy the Spirit of Christmas

‘Tis the season to spend money you don’t have on stuff you don’t need. OK, so that’s a very negative way of viewing the Festive season – but it pretty accurately sums up Christmas for most people nonetheless.  Before into the nitty-gritty of this post, let me declare that I am Mr Millionaire Marathon is nota…
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Why monthly payments are kryptonite to the aspiring FI

To the aspiring FI, recurring monthly expenses are the devil. They are to be loathed, much more so than the one-off purchase, as they represent a capital sum that must be set aside to support them. For example, let’s assume Mr Spendthrift pays £50 a month for a top-of-the-range mobile phone (cell phone, to any…
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Job INsecurity

It always amuses me when I hear people talk about occupations that offer a lot of ‘job security’, or a ‘job for life’. If there is one thing that the recent Financial Crisis has taught us, it’s that the whole concept of job security is a fallacy. We live in a globalised world where change…
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Be prepared to be different

To most people, conformity comes naturally; original thinking, on the other hand, does not. This means that most people tend to make their way through life without questioning why the norm is the norm. This ready acceptance of the status quo has left many with a sense that their financial destiny is not really in their…
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Are you among the millions of Brits who won’t retire until their 70s?

According to a recent survey, a quarter of British adults has no savings, and one in ten typically spends more than they earn each month. In fact, we Brits are among the world’s biggest spendthrifts, with the household savings ratio having fallen to just 4.9% in 2017 – the lowest since record began! This falls…
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