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Huge news for us
We hit our FI number in November
Here's how we got here
// THREAD
We hit our FI number in November
Here's how we got here
// THREAD
1. Skeptical of Debt.
The-other MM grew up in a family laden with debt.
So we've avoided it for 20 years.
We got our mortgage cleared in 6 years.
We carry <2% of our NW as 0% debt.
CCs cleared within 30 days + harvested for rewards.
The-other MM grew up in a family laden with debt.
So we've avoided it for 20 years.
We got our mortgage cleared in 6 years.
We carry <2% of our NW as 0% debt.
CCs cleared within 30 days + harvested for rewards.
2. Grow Income.
We push for more income.
From 9-5: promotions, job changes
Outwith 9-5: side income
And from investments
You can't save yourself to a million.
We push for more income.
From 9-5: promotions, job changes
Outwith 9-5: side income
And from investments
You can't save yourself to a million.
3. Measure
Spreadsheets are my crack, my opiate
We keep track of our income & expenses & investments.
At least monthly.
This keeps us right and on track.
You get what you measure.
Spreadsheets are my crack, my opiate
We keep track of our income & expenses & investments.
At least monthly.
This keeps us right and on track.
You get what you measure.
4. Compound
We save + invest heavily, and have done since 2004
This means our wealth is growing
And growing faster every year
We save + invest heavily, and have done since 2004
This means our wealth is growing
And growing faster every year
5. Frugality
We're frugal.
We avoid lifestyle creep.
We avoid buying the latest 'stuff'.
We've grown to become grateful for what we have.
So windfalls go straight to investments.
With a wee treat to celebrate.
We're frugal.
We avoid lifestyle creep.
We avoid buying the latest 'stuff'.
We've grown to become grateful for what we have.
So windfalls go straight to investments.
With a wee treat to celebrate.
6. Habits
Good finances are only possible with good habit building.
We work on our habits and our routines.
Both good and bad.
Good finances are only possible with good habit building.
We work on our habits and our routines.
Both good and bad.
7. Health before Wealth
Both the other-MM and I have suffered ill health.
I've lost 4 of my family to ill health over the past 6 years.
So we look after ourselves. As best we can.
Or what's the point?
Both the other-MM and I have suffered ill health.
I've lost 4 of my family to ill health over the past 6 years.
So we look after ourselves. As best we can.
Or what's the point?
8. Continuously Improve
We believe in being above average.
To do that, you need to grow.
You need to learn
So we're always looking to improve.
We believe in being above average.
To do that, you need to grow.
You need to learn
So we're always looking to improve.
9. Journey's End
But our path to Financial Independence isn't over.
This FI number gives us 25% over our actual expenses and 60% over our minimum expenses.
But it's not enough for us.
We're carrying on.
But our path to Financial Independence isn't over.
This FI number gives us 25% over our actual expenses and 60% over our minimum expenses.
But it's not enough for us.
We're carrying on.
