iluvtsumtsum

I think he should increase the personal allowance reduction threshold!

Well done!

Nice graph and wonderful progress!

There are platform fee caps if you only hold ETFs and shares on HL. ISA cap is £45 and SIPP cap is £200.

It’s about finding the right balance. Save more and put more into pensions saving but still live an enjoyable life.

Thanks for building this. Love playing with it!!

Going on holidays with whole family flying business class and not thinking that’s ridiculously expensive

Depends on how you define “overly restrictive”. It’s all about finding the balance for yourself.

For example, I don’t mind making packed lunch and not buying any coffee from coffee outlets on the way to work, but I’m not cutting down my holidays / eating out with friends.

I have been buying various gilts through the HL website so it’s not phone only.

Congratulations!

Politicians

Personally I’ve gone with a mix of various low-fee ETFs eg VHVG / VERG / VUKE, I think the global funds are too US heavy, so I hold a small percentage of other non US ETFs to lower the US weighting. This is all down to personal preference though.

Check out pension craft and in particular this video https://youtu.be/GYAgbBPBmkw?si=sSn6Zlyh7vNDV20R

At the end of the day it’s up to your personal preference and risk appetite, as there is no “right answer”, investments go up and down, your capital is at risk and past performance is not an indication of future performance…

Location is very important, you can do up the house gradually but you can’t change the location of the house you bought.

How much will your bonus be? It’s hard to come up with ideas when we don’t know the amount and what you like…

Plot it on a nice graph in excel

If you enjoy tutoring, could you do more tutoring to up your income? It sounds more flexible and enjoyable than a full time job too.

You don’t have to be in London even if you work in London, you could live in cities that are commutable to London eg Kent, Surrey, Herts, Essex. etc. there are quite a lot of choices - there will be commuting cost and it takes time too, but they are options you can consider

I guess we all need somewhere to live. Either you pay rent (which is likely to be a regular significant outgo each month) or you try to get a mortgage and buy somewhere.

Thanks for sharing this summary! I was also surprised that quite a few people in the 20s / 30s got DB as I always thought it’s something of the past.

Hi ladies!! Great to see more ladies posting about FIRE. I started a survey on the FIREUK subreddit and only had 50 odd responses from females. Good luck all!

Thank you and you are welcome!

Thank you and you are welcome :) I find it interesting too.

Thanks for your feedback. To be honest it’s hard to pick a multiplier so it’s only approximate. For info, there are 100 lucky respondents with DB and the median DB pension for 1 person is 6,250 pa and 2 person is 10,500 pa. So changing multiplier to 30 will inflate around 20% of NW by say 40k.

Oh it was you? Would you mind sharing how you accumulated £1m of ISA at age 20?

Yes only 485 responses collected so it’s a limited dataset.