I'm a 37 year old father of 2 young children. I currently live with my wife and kids in Wakefield, West Yorkshire and work in Cyber Security. I've always been obsessed with frugality, getting the most from my money and have recently discovered the FIRE movement (Financial Independence Retire Early)
Over the past few years, I have pursued a heavy savings rate (currently around 75%) and have directed this into savings, investments and paying off my mortgage.
Most people pursuing people have a figure, an overall number to achieve. My FIRE aims however, are currently not set in stone, largely down to having 2 kids! I would be happy with being Financially Independent by the time I am mid-40s, however I enjoy work too much to retire completely and cannot see myself "Retiring Early" until much later than this.
My saving pots consist largely of a mix of Pensions, Stocks & Shares ISAs, Junior ISAs and easy access Savings. My portfolio also consists of Bitcoin (early adopter in 2015 thanks to being involved in Cyber Security!), Share Incentive Plan shares and Gold and Silver bullion. Currently, I have the above 5-prong attack focus on my savings. This blends a mix of small amount of short-term, low risk savings, with the majority being in longer-term investing.
I love helping people when it comes to personal finance, and am seriously considering becoming an IFA or a Financial Coach at some point in my life - it's just that Cyber Security is very interesting, very much in demand and verrrry financially lucrative right now.
This blog will consist of tips and tricks to achieve FIRE, as well as parenting financial hacks and good offers I have come across.
I hope you enjoy!
Over the past few years, I have pursued a heavy savings rate (currently around 75%) and have directed this into savings, investments and paying off my mortgage.
Twitter Account: https://twitter.com/Dad_on_FIRE
Key milestones:
- 2022 - Mortgage free!
- 10 years after buying our 1st house. There is currently around £330k in equity in the house
- 2023 - Coast FIRE
- In 2023 I had enough in my pension that it would coast up to a figure I would be happy with (circa £1m)
- 2024 - Hit £1m net worth
My Net Worth journey:
My 5-prong approach:
My saving pots consist largely of a mix of Pensions, Stocks & Shares ISAs, Junior ISAs and easy access Savings. My portfolio also consists of Bitcoin (early adopter in 2015 thanks to being involved in Cyber Security!), Share Incentive Plan shares and Gold and Silver bullion. Currently, I have the above 5-prong attack focus on my savings. This blends a mix of small amount of short-term, low risk savings, with the majority being in longer-term investing.
I love helping people when it comes to personal finance, and am seriously considering becoming an IFA or a Financial Coach at some point in my life - it's just that Cyber Security is very interesting, very much in demand and verrrry financially lucrative right now.
This blog will consist of tips and tricks to achieve FIRE, as well as parenting financial hacks and good offers I have come across.
I hope you enjoy!
Hi! I just discovered your blog. I am also a 37 year old dad, pursuing FIRE, and living in West Yorkshire!
ReplyDeleteNice!! Hit me up on Twitter and we could do a meet up. There's another FIREite literally down the road from me as well!
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