“It’s all over. They’ve gone and lost it.” This was just one of the comments that popped up in my Facebook feed on March 15th, the day the Fed cut interest rates to zero and launched a massive stimulus program. “They have nothing left in the tank! No more ammo to fight the battle!” As …
As I was approaching my final years of university in the early 2000s, things weren’t looking pretty on the job front. The dot-com bubble burst just a few years ago, leading to a downward spiral in the stock markets and slim job prospects for new graduates. When I finally managed to land an entry-level job …
The day has finally arrived. On Easter Monday, with our son dozing off for his afternoon nap and our daughter mesmerized by yet another episode of Peppa, I have finally managed to sneak into the home office and update the spreadsheet. Over the past few years, I have become far less dogmatic on tracking our …
Key Reflections And Takeaways From Our Most Recent Net Worth Update Read More »
In personal finance, everyone knows what they need to do. The theory is crystal clear: save money, invest regularly, rebalance, buy the dips and so forth. And yet, the reality is that you’ll struggle to find anyone who follows all the rules in the book. Theory always loses to behavioural biases and personal circumstances. In …
Over the past six weeks or so, it seems that the vast majority of news articles, blog posts and social media updates I read are, in one way or another, related to Covid. This blog is no exception. So today, I want to take a break from the relentless stream of pandemic- and money-related stories …
Forget Money – Banker on FIRE Turns One Year Old! Read More »
The end of yet another tax year on April 5th is almost in our sights. As ever, it is a good time to be taking care of some financial housekeeping. And for most people, this inevitably means making the most of their workplace pension and ISA allowances. Most of us can sock away £40k in …
Figure out your expenses. Multiply them by 25 to get your magic FI number. Hit that number. Leave your job – and live happily ever after. Simple enough – if you believe 99% of the personal finance articles out there. Except it’s not. On the contrary, there is a high degree of likelihood that whatever …
Are We There Yet? Why Your FIRE Number Could Be Way Off Read More »
Should you? Or should you not? A harmless pleasure? Or a game of Russian roulette with your financial future? Judging by the amount of debate around things like lattes and avocado toast in the personal finance blogosphere, they have got to be the biggest make-or-break factors that will determine whether you will ever get to …
Lattes, Avocado Toast And Other Personal Finance Lies Read More »
