Little FU#1 – the plan, steps 1&2

In my previous post on Little FU#1, I outlined the steps I am putting in place for Little FU#1 to start his journey to FI.

I intend to do a series of posts to expand upon those steps so that anyone setting off on the same journey can get some ideas about how they may start on the path themselves. Continue reading

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Little FU#1 – the plan

Can a young person on an average net salary of £25k buy a property and become FI by the age of 40?

“Impossible!” the mainstream media and the regular man on the street would scream. “Young people can’t even save enough up for a deposit to get on the property ladder due to the housing ‘crisis’. It’s so unfair.” would be the negative response. Continue reading

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The Not-So-Magic Roundabout (more musings from Mrs Fu)

The discovery of FI is, for me, the equivalent of writing out your life plan as a young adult, following it pretty steadily for thirty years and then scrunching the whole thing into a ball and throwing it into the bin.  No, not even that. Setting it on fire – no pun intended!  Hearing those Choose FI podcasts started the blazing epiphany that has literally stopped me in my tracks, life-wise. Continue reading

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Little FU #1 – Start of a Journey

You hear every day in the news about the housing ‘crisis’, that young people are hard done by, and that they will never be able to afford their own homes, will never be able to retire or will need to keep working into their 70’s. Continue reading

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Mrs Fu Mon Chu speaks…

Mr Fu Mon Chu just loves a new project. He is a laidback but enthusiastic kind of guy and I’ve been playing devil’s advocate to his ideas and plans during twenty years of marriage, and ten years of dating before that.

I’m always full of admiration for his enthusiasm (and simplistic optimism) about how his ideas and schemes are going to work out, but my role has, for the most part, been to ridicule and pick holes in them. Continue reading

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The Bride of FU MON CHU

Mrs FU MON CHU is generally quite cynical.

She quite often ridicules my latest interests/fads and it is quite difficult to get her on board to new ideas even though she is very intelligent ; ) . Once she is convinced of something though she can be very powerful in achieving what she sets out to do. Continue reading

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The Awakening of FU MON CHU

Despite being reasonably financially savvy, or so I thought, I was surprised to realise I had been sleepwalking on a financial hamster wheel for the past several years.

My financial education had come mainly from mainstream media sources, such as business and money columns in newspapers, magazines, and websites such as MSE.

I had a rough plan for retirement and had opened a SIPP pension. I also have a couple of company-owned buy to lets. This would form the basis of my retirement, or so I thought. Continue reading

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This is my first post – About Me

Hi,

I’m FU MON CHU

Why FU MON CHU? I know it’s a bit cringy, but it just came to me when thinking of a pseudonym linked to the theme of this blog page – so I just went with it.

The thinking behind it was a play on the blog title and the terms ‘F U Money’ and ‘Choose FI’ often associated with financial independence.

Therefore the name came from –  FiUkMONey, CHUse financial independence.

My Situation Continue reading

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