Tag Archives: compound interest

£1m Pension Pot – How to climb the mountain and when to stop saving.

Posted on 19th May 2018 by FU MON CHU

In the UK news this week it has been reported that, for a comfortable retirement,  people need to save a ‘pension mountain’  of £260,000. Cue the doom-mongers and naysayers. ‘Who could ever hope to save this amount of money?’ Using … Continue reading →

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Little FU#1 – Step 3 Devise an Investment Strategy

Posted on 29th April 2018 by FU MON CHU

Recap – This is step 3 in the process to set up a plan for my son, FU#1, to buy a property and reach FI before he is 40 years old. In step 2 of the plan, we set up an … Continue reading →

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UK on FIRE! Free places to make memories with the family

Posted on 28th April 2018 by Mrs Fu Mon Chu

In my last post I posted a list of free educational apps and sites, but what about downtime? As a family of eight going anywhere can end up costing the earth, but after listening to Brad & Jonathan on a ChooseFI podcast talking … Continue reading →

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

Posted on 13th April 2018 by FU MON CHU

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

Posted on 10th April 2018 by FU MON CHU

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 … Continue reading →

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Little FU#1 – the plan, steps 1&2

Posted on 18th March 2018 by FU MON CHU

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 … Continue reading →

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Little FU#1 – the plan

Posted on 3rd March 2018 by FU MON CHU

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 … Continue reading →

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Little FU #1 – Start of a Journey

Posted on 24th February 2018 by FU MON CHU

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 … Continue reading →

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Mrs Fu Mon Chu speaks…

Posted on 16th February 2018 by Mrs Fu Mon Chu

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 … Continue reading →

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The Awakening of FU MON CHU

Posted on 11th February 2018 by 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 … Continue reading →

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