Browsed by
Month: August 2015

EarlyRetirementGuy Takes A Break

EarlyRetirementGuy Takes A Break

With the stock markets all over the place and the British weather firmly miserable, the time has come for ERG to take a much needed holiday. We’re flying off to France tomorrow to stay with my parents, enjoy alot of (cheap yet excellent) wine and hopefully some sun shine! This will mean though that there will be no new posts or Income/Expenses report until we’re back 2nd week of September. Hope everyone has a fantastic bank holiday weekend and enjoys…

Read More Read More

Things I’m not frugal on

Things I’m not frugal on

I’m sure by now all of us reading this will know that the true key to saving money and expanding your investments is to become frugal with your spending habits. There was an excellent program on BBC1 last night; Britain’s Spending Secrets which examined the spending habits of families right across the wealth spectrum and tried to give an insight into how they prioritised their spending. As you might expect, it began with the single mother on benefits who refused…

Read More Read More

The EarlyRetirementGuy 1st annual accounts

The EarlyRetirementGuy 1st annual accounts

It’s been just over a year since I started tracking my journey to early retirement and with it a comprehensive log of all income/expenses and networth gains. Because of this, I am for the first time calculate with some accuracy how much we currently spend each year and what sort of networth pattern has emerged. I’m sure you’re all sick of reading through the bombardment of annual expenses posts people put up in January so perhaps this nicely spreads things…

Read More Read More

The Top Ten Downsides of Financial Independence & Early Retirement

The Top Ten Downsides of Financial Independence & Early Retirement

A regular reader of this site;  Jim took the FIRE exit in January 2015 at the age of 51, a situation somewhat planned for, but in reality an issue forced through departing from his employer. Although Financial Independence had been a partly considered and achieved objective, no real plan had been put in place for what to do with the Retiring Early part of the FIRE equation. Thus, following thirty years of moaning about work, he now has time to…

Read More Read More

July 2015 Income/Expenses

July 2015 Income/Expenses

It was payday yesterday which means time for this month’s Income/Expenses! I think it’s important to keep track of your income/expenses every month as it allows you to spot trends and areas for improvement. I find it really useful to track the spending changes each month, and really motivating to see the networth improvements. Sometimes it can seem like financial independence is so far away, but by watching your networth steadily increasing you’ll know you will reach that point eventually….

Read More Read More