When I first moved to the UK about ten years ago, I remember being mightily confused by the concept of a self invested personal pension, also known as a SIPP. I ended up parking my mental questions on the topic when I had realized […]
A couple of years ago, I happened to attend a social event hosted by Lance Uggla. For those of you who haven’t heard of him, Lance is the founder and CEO of a business now known as IHS Markit, an S&P 500 constituent with […]
Over the past year, I’ve published posts on the best ways to build wealth in your twenties as well as your thirties. Much as I hate to admit it, there will come a time when our glorious twenties and happy thirties will be well […]
Another horrible commute. A highly unpleasant interaction with a passive-aggressive colleague. A manager that seems to pile on more work every day – and yet isn’t nearly so generous with the recognition. And the work itself. What (hopefully) seemed exciting early on has now […]
A while ago, Peter Kim (a.k.a. Passive Income MD) published a post titled “Buy one property per year and retire early”, which I found to be fascinating reading. Somewhat unfairly, Peter took a bit of flack in the comments for making assumptions that some […]
The biggest refrain you hear from people who think you can beat the stock market goes as follows: “By definition, 50% of investors do better than the market and the other 50% do worse. Surely it cannot be so hard to be in the […]
In the first twenty or so years of my life, I didn’t come across many wealthy people. I suppose that’s not entirely surprising considering we lived in a working-class neighbourhood and had about £5 left over after covering our family’s basic necessities every month. […]
One of the biggest problems of personal finance is that it’s just so damn hard to get started. We all know saving and investing money is something we should be doing, but hardly anyone does it – or does as much of it as […]
In a way, aspiring to financial independence is all about comfort. Forgetting what the jam-packed commute feels like. Never having to deal with workplace politics again. Leaving all the money worries behind and spending the rest of your days in a state of pure […]
I was scrolling through my Twitter feed the other day when I stumbled a tweet extolling the virtues of dividend investing – and the investing superpowers of dividend investors themselves. I won’t quote it verbatim, but it had all the requisite components, such as: […]
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 […]
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 […]
On Saturday night, after a long day of taking care of the kids, catching up on life admin (and even squeezing in a workout!), I was partaking in my favourite activity – relaxing on the couch with a cold beer. Unfortunately, I broke my […]
When it comes to finances, 2019 was an eventful year for the Banker On Fire family. Early in the year, I had a pretty significant setback at work which caught me totally off-guard. It was totally out of my control and yet had a […]
Back when I started my first job, I’d often open up a spreadsheet and play around with the numbers. Punch in the annual savings. Add in the interest rate. Extend it out for a couple of years to see what happens. The results were […]
A few months ago, I was grabbing a quick lunch with one of the analysts on my team. His name was George and he is arguably one of the top performers I’ve come across in my career. As we stood in line to pay […]
When it comes to stock market investing, do you ever feel like the people in the picture above? Chances are, you do. After all, the fear of losing money is the #1 reason so many people remain on the sidelines. As a result, we […]
Sometimes it seems there is nothing but obstacles on your road to financial independence. Stagnating pay, high taxes, the ever-increasing cost of living, stock market downturns. Take your pick – all of these will all take a bite out of that nest egg you […]
It’s shocking and sad at the same time but making a six-figure salary is no longer enough to live a care-free life, especially if you live in an expensive city like London. In some instances, well-paid professionals are worse off than those who make […]
I hope this article will be useful to all the parents and future parents out there who are considering private education for their children. I am using the UK school system as an example, but the facts below hold for many other countries with […]
I never cease to be amazed at how much misinformation and bad advice exists out there when it comes to building wealth. Sometimes the bad advice is given in good spirit and with the best intentions. In other situations, people are trying to capitalize […]
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