Financial Independence and retiring early should be the aim for all of us.
Go to school, get good grades, then go to University and get a good degree. Then you will get a job earning £25,000 a year and you will slowly and surely move up the corporate ladder. That’s the dream right? Well Not for all of us….
I had a different dream, I didn’t want to work my way up the corporate ladder. I believe that there are better ways to spend my time than working for someone else and making them rich.
One day I happened to google Financial Independence UK and this was the turning point for me. (Googling Financial Independence UK isn’t as weird as it sounds given my job!)
What is Financial Independence
Financial Independence is having sufficient personal wealth and income without having to work to sustain oneself. Generically your assets are producing enough income to sustain you for the rest of your life.
Why should you want to be Financially Independent
Financially independence in the UK is just taking off, and there is a reason behind this. Hundreds of people are realising that they don’t need to spend their lives sat in an office working until there 65 where they will receive an okay pension if they are lucky.
If you follow the principles of financial independence you could retire by the age of 40. My current predicted retirement age is 32. Now this is because I started at the age of 21, I am lucky, I appreciate that. However, luck is only a small part in this. The rest of it is down to your attitude.
So what did I do?
Well I followed the quite simple process of creating my own financial independence plan, that focused on increasing and diversifying my income so that I could retire early. Early retirement in the UK is something that isn’t discussed a great deal and we accept we have to work to 65. This plan gave me the incentive, it gave me monthly manageable goals and meant that I could see the light at the end of the tunnel.
This whole blog is about me sharing my experiences, sharing how I created more income, how I started my own company and how I have managed to use property, and online business to increase my wealth.
I don’t drive a flash sports car or live in a massive house. Financial Independence is about living with your means. That doesn’t mean not going on holiday, or not eating out, it means not spending more than you can afford, and not wasting money.
My key belief is that you can only reduce your outgoings so far. The key is to increase your income, and save this money and reinvest it back into your business and through other methods I talk about on this.
How to get started with Financial Independence
Step 1 – Create your own Financial Independence plan. This will help you decide your own goals as they are different for everyone and it will let you know exactly what you need to retire early and to achieve Financial Independence in the UK.
Step 2 – Use the method I used to review my finance and save over £1,700 in eight hours. This will let you know exactly where you currently are and where you can make improvements to your finances. This could be your first big win on your way to financial independence.
Step 3 – How can you increase your income? Review the ten different methods you could look to increase your income. One of the easiest one’s is Matched Betting. This could earn you a significant amount of money from part time hours. In that post there are ten different ways and a bonus way, there are ways for every single one of you to increase your income.
Step 4- Work. This step is the most vital. This blog is going to do the work for you. I will talk about ways you can become financially independent and how you can do it quicker. There will be times that it is hard work, which is why I advocate doing something you love over something that earns money.
Bonus Step – Start Matched Betting, this is the only way I can guarantee you will make more money without taking any risks.
The Part Everyone Should Read
Now I have given this part of the page it’s whole section because I believe it’s vital.
Do something you love. I talk about Financial Independence and Making Money as I enjoy it, it’s a hobby to me and something I enjoy helping people with. That’s why I’ve written hundreds of thousands of words on this topic over the past year.
Financial Independence should be the goal for everyone, but why try and achieve it by doing something you hate. Why aim for early retirement in the UK if all you are going to do is something you love when you retire. Why not do something you love and then continue it when you are able to retire?
I hope Financial Independence UK takes off. More importantly I hope this blog helps people like you think about Financial Independence. Please subscribe to the blog and I will send you all the resources that I use and recommend for free!
If you also just googled Financial Independence UK, welcome to the club.