Review of All About The Money podcast article.

I just had the displeasure of reading one of the most childish articles on personal finance I have ever read. It’s an article I wrote when I was aged 23. https://www.bbc.co.uk/programmes/articles/4Gsq4lf46lWz2tB74LH9KQq/why-im-sick-of-being-told-to-save-money OK, so I didn’t write it, but I probably had the same attitude to money as this young lady back then, and I know what happens when that attitude continues on as you get older. You get in huge debt believing that you will never get old and have plenty of time to make your first million. As you are reading my site, and I’m sure you are interested … Continue reading Review of All About The Money podcast article.

Pension Pondering

  I had some time on the weekend to consider the best approach to my pension contributions. I found myself going down a rabbit warren of spreadsheets and tax legislation and thought it might be an idea to share what I found. What are they? Pension is a term used to describe money which is protected from tax and is intended for retirement. Currently, you may only access your pension funds once you reach 55 years old. Other features include: Mandatory enrolment for all employees who are eligible. Tax-free contributions are limited to £40,000 per year. Max limit of £1,030,000 … Continue reading Pension Pondering

October update

I haven’t done a net worth update post for a while, so now seems like a good time to get back into the habit. I have, however, been tracking my net worth in the background and can say that it has been quite motivating to see my progress. From when I started tracking this a year ago, I have seen a 20% increase in my net worth, which I think is fantastic. It is almost all from paying off debt and increasing savings. I have three pensions which have increased by about £9k in the past year. I am looking … Continue reading October update

Holidays and fun

I have just returned from what seems like a month of holidays. I went to San Francisco to visit my good friend and his girlfriend, with my girlfriend. We stayed in their lovely flat in amongst the fog in Richmond, SF, near the Pacific ocean. They then came to the UK and stayed at our place for a few days before we all went to Munich for Oktoberfest. This is the first big holiday I have done while on my FIRE journey. It was always going to be expensive but I think it was totally worth every penny. Having spent … Continue reading Holidays and fun