“Everybody needs a budget!”, “build up an emergency fund of 3 to 6 months of expenses”, “renting is better than buying a house” – these are just some of the opinions and advice you can read on personal finance blogs. But is the (finance) world all black and white, or are there shades of grey, exceptions to the rules or cases where it depends? The blog article that received the most interest last month here on FIREhub tries to debunk…
An introduction to Financial Independence and early retirement by the Monk. He gives one “fair warning: once you start reaching for FIRE there may be no going back.”
The Next Chapter on the benefits and drawbacks of social media in helping you reach your goals, with the debt free community as an example.
Ermine offers some advice about how to use debt and provides a cautionary tail about fintech company Klarna.
Read Roanne and Lawrence’s debt free journey: this is how they got rid of £371,000 in 2 years.
Bloggers on FIRE – Finanzglück In our Bloggers on FIRE series, we interview European FI bloggers to find out what makes them tick. Our aim is to build up a “who’s who” directory for the European FI blogging world. We hope you enjoy the series and discover some new blogs to follow. You can find a full list of our Bloggers on FIRE interviews here. Please briefly introduce yourself to FIREhub.eu readers Hi there, I am Nico. Born and raised…
The Cashflow Cop takes us on crime scenes and presents us compelling exhibits. Find out if you are guilty of a financial ‘crime’ by reading his excellent article.
Is it possible to stop working for money, i.e. retire early because you are financial independent, by the age of 40? Is this only a plan for IT guys who earn 80k+ salaries or can this dream come true if you earn an average salary of 40k per year? Would it still possible if you had kids? Or a student debt you had to pay down before you can really start investing? How would a side hustle impact your journey…
The CashflowCop has done the maths for several scenarios: student debt or no student debt, higher or lower income, being in couple or not, having kids or not… When will Adam in the UK and Amy in the US reach Financial Independence?
The CashflowCop has put together an extensive and well-structured beginner’s guide to Financial Independence. It includes a calculator and also some thoughts that are interesting not only for newbies.