The key to achieving financial independence is to create an effective budget. Compound Your Freedom leads you through the process of setting up a budget for yourself.
FI UK Money has set up a plan for his 19-year old son to buy a property and reach FI before he is 40 years old. If you’ve missed the beginning of this series, a link is provided in the article intro.
Do you think the market is overpriced and you feel like waiting until it drops to start investing? Mr RIP from Retire in Progress came out with a detailed post, filled with graphs and examples to make us understand market valuation, CAPE ratio and investing psychology a little bit better.
Divnomics: Since the start of this year, I’ve started to track our progress differently. Instead of a hard FI target in terms of a big pile of money, we focus on cash flow only. Tracking our net worth every month, wouldn’t give the right insight into how much we need until we reach Financial Independence.
The Road to One Million: One of the biggest reasons why people are resisting to invest in the stock market is fear. This fear can ultimately result in losing not your money, but a great opportunity of wealth building. Especially if you are young and in your wealth accumulation phase, you should really overcome this fear. Maybe the below article will help you in this.
A very interesting post from Foxy Monkey about how to assess a property environment. Interest rates, average house price to wages, and metrics like the above apply across cities and why not, countries.This means that you can look abroad if the current environment doesn’t suit you, although there are good opportunities if you look north of London right now. What is your take? Are you buying, selling or still thinking about it?