Personal Development

UK Income Distribution – Where Do You Fit In?

UK Income Distribution

Only a minority of people are born into wealthy families.  The rest of us need to rely on jobs (at least at first) to generate income, cover our expenses and save money.  Once you have saved and invested enough money to reach financial independence, you will be able to kick back and work because you …

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Father on FIRE: Why Financial Independence Is Even More Important When You Are A Father

fatherhood

Happy Father’s Day Everyone! Congratulations to all the fathers out there.  For those of you who aren’t yet fathers (or parents), know this:  having children is one of the most rewarding experiences you will have in your life. It is hard to believe this when you haven’t yet got children of your own.  I certainly …

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Why We Make Bad Financial Decisions – And What To Do About It

One of the key reasons I started Banker On Fire is to help people make better financial decisions.  I get very, very frustrated when I see family members, friends and colleagues make choices that end up costing them thousands or tens of thousands of pounds over the long run.  Atter all, money equals freedom, and …

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Compare Yourself To Others To Build Wealth Faster

Life, liberty and the pursuit of happiness are the three unalienable rights in the US Declaration of Independence.   These are replicated in various forms in the constitutional documents of many other countries, at least those that have regard to the quality of life of their citizens. In fact, the pursuit of happiness is one of …

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