Tag Archives : retire early

How Much Money I Need In Retirement!

“How much money do I need to retire?” This is perhaps the number one question in personal finance.   People want to know how much money a retiree actually spends to see how far away they are from their own retirement goals.   A recent article I came across from which money magazine aims to answer this exact question.   The article is pretty comprehensive in nature as the good people at which have gone about surveying 6,000 real retirees to find out their actual spending habits. They survey was done in April 2019.   How Much Does The Average Retiree Spend In Retirement? According to the article, retirees spent […]

What Is The Financial Independence Retire Early (FIRE) Movement And How To Obtain It 3

Over the past few years, many of you who are interested in personal finance have come across the FIRE movement. This article will help explain what this movement is all about and how you could be one of the people that follow the movement. What is Financial Independence Early Retirement (FIRE)? Financial Independence and Early Retirement, or FIRE for short, refers to achieving a level of passive income that covers all your expenses and spending commitments allowing you to withdraw from the workforce and retire early. Most people who join the movement hate their jobs and thus aim to create a self-sustaining pile of money that lets them do whatever […]

The Wealthy Do Have A Secret – They Know How Money Works 3

Many Britons ? everyday people working to build a comfortable life ? assume the “rich” have a magic formula or some sort of secret. It seems they know something about “how the world works” that the rest of us don’t. If the average person could just figure it out, they’d be wealthy, too. They’d live with less stress, more time, and more money. And money, after all, gives you the freedom to do what you’d like to do. Money allows you to buy your freedom form the rat race. What I found out from reading hundreds of books, studying countless articles and listening to numerous podcasts is that the rich […]

Front-Load your Pension and Your Life – Saving in your 20s is the greatest pension trick

Pensions savings seem to be all the fuss of late. Many people in their 40’s and 50’s have come to realise that they have just not saved enough and will have to put off retirement for a few years in order to work and save more. Even though these people are socking away thousands a month into their retirement accounts, they have found that it is not enough. The biggest reason for this is they did not start early enough. They have not let time do the hard work by compounding their returns. Did you know that those who save for just 10 years, between the ages of 25 and […]

How to retire in 13 years or less 1

13 seems to be an unlucky number for many but it could be the amount of years you need to reach financial independence and live comfortably. Whilst many dream of one day reaching retirement and having all that time to do what they want, you can make this dream a reality by following these 3 simple steps. Whilst the steps below are simply , they won’t be easy to constantly do over the next 13 years. But by following them, the end result will surely be worth it. It won’t be easy but it will surely be worth it. 1. Save at least 50% or more of your income If […]