Free Money – Who wants an extra £250,000 tax free?

Who would like a tax-free birthday present of £250,000, for free?

Me please, whats the catch? How much is it going to cost?

The cost to you, my friend? – Zilch, Nada, Zippo, Zero, Nothing!

This is a scam, right?

No.

So what gives? Continue reading

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Little FU#1 – Step 2 The Budget

I’m putting in place a quite simple budget plan for FU#1 that doesn’t need a lot of tracking and doesn’t require every little transaction to be logged.

I have broken the budget down to 3 main areas. These are Savings, Essential Expenses, and Non-essential expenses.

The goal of putting a budget in place is to enable FU#1 to save enough to buy a house in approximately 5-6 years when he is around 25 years old, and also to become FI in his 30’s. Continue reading

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Does Home Education FIRE your Imagination?

From what I hear and read, people of the FIRE community are really keen to not just retire early or become financially independent, but to buy back time. The freedom created when you no longer need to work means you’ve the time to enjoy what makes you happy. Continue reading

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‘Death of Early Retirement’

‘…by 2035 there may be almost no one giving up work before the age of 65. That would mean nearly everyone born after 1970 will work beyond their 65th birthday.’

Read more: http://www.dailymail.co.uk/news/article-5529841/By-2035-no-one-work-turn-65.html#ixzz5AW0RWNwo

 

Looks like we’ve had it then 😉 !

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School’s FIREd!

In my last post, I mentioned the other Great Leap we’d taken in our lives lately. It’s nothing wildly exciting, but it is a bit different to the norm and it could be hugely relevant to FI-focused parents. Continue reading

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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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