This post explores ways of attaining early retirement in the UK using investment vehicles available such as ISAs, SIPPs and Pensions. In the FIRE (Financial Independence Early Retirement) community we define early retirement as being able to retire at a relatively young age when compared to the traditional retirement age, most likely in your 30s or 40s. This can be done by achieving financial independence, where investment or business income can cover your core expenses, ensuring that you do not need to rely on a corporate job to make a living. Continue reading
I define Financial Independence as having assets that generate passive income that is enough to cover my essential expenses. It is all about having the options to do what you want to do when you want to do it.
Gaining Financial Independence does not mean that you have to retire from your job. You can continue working if you enjoy it, but Continue reading
This is one of my favourite quotes of all time. Gaining Financial Independence requires a source of passive income to cover your basic expenses. Passive income can be achieved through a variety of activities such as starting a business, real estate or stock market investing. Here are some useful tips.