A round up of interesting or cool stuff I’ve read.
Things are all busy busy in the Dr FIRE household this week, so I’ll keep it short.
Clearly I’m still subconsciously thinking about Soul. Looking over this week’s links again, several of them are all about saving for the future whilst maintaining the ability to enjoy the present. A healthy message that I think is always worth repeating.
Interesting links that caught my eye this week:
- Med FI – Financial Resources for NHS Professionals.
What looks to be a very comprehensive list of resources. Great work Mr MedFI!
- Fates on FIRE – The Return of the Rock ‘N Roll Zero
Mr Fate chronicles the beginnings of his new band, despite lockdown restrictions. Making the most of early retirement!
- Physician on FIRE – Choose FI over FIRE
” FIRE shouldn’t necessarily be our all-consuming goal. Instead, we should focus on the freedom provided by financial independence, which allows us to enjoy the journey while still having a goal in mind.”
- FIRE V London – Reducing my portfolio to one ETF
FvL compares the performance of his varied holdings with VWRL and finds that the performance is almost identical. Time to simplify?
- I Pick Up Pennies – There’s value in chilling the f— out
“If you spend every waking moment working toward your goal, you may miss a good chunk of your youth. If you’re lucky, you’ll have the great time you planned for once you hit your goals. But what if, once you reach those goals, things don’t look the way you imagined?”
- Monevator – How to calculate your personal inflation rate
A useful guide to tracking your own personal inflation rate, which is likely to differ from that quoted by the CPI/RPI.
- Banker on FIRE – Lump Sum Investing: Why The Right Advice Is Also Wrong.
“Squaring up theory with emotion is one of the biggest challenges in personal finance. An answer that makes 100% sense mathematically can make zero sense emotionally. Fighting your lizard brain is rarely a good idea. Instead, much better to strike a compromise and move on.”
- Full Time Finance – What You Read and It’s Influence On You
“If you remember though, the key to investing success is always to remove emotion from those decisions as much as you can. It’s why I recommend a detailed investment plan you put in place months ahead of time. It will allow you to make a logical decision on your future investment direction rather then emotionally deciding in the moment.”
- Bitches Get Riches – The Most Impactful Financial Decision I’ve Ever Made… and Why I Don’t Recommend It
“Personal finance is not always about the money. Money is a tool you use to achieve happiness. So it would be lunacy to sacrifice long-term happiness in the pursuit of money.”
- Med FI – The First 100,000
“Set financial milestones sure, but be mindful of the arrival fallacy. Save money, but perhaps not at the cost of living a life with little quality. Aim to augment your wealth, but prioritise enriching your life.”
- Increased confidence in retirement among young people – This Is Money
- Britain’s jobless rate soars to five-year high – This Is Money
- Sign up to Trading212 via this link and we both receive a free share.
- Sovereign Quest – A new personal finance curation site launched by Indeedably. It’s already off to a great start. Definitely worth checking out.
- Money Saving Expert – Working from home due to coronavirus, even for a day? Claim a year’s worth of tax relief. I’ve mentioned this before. It only takes 2 minutes and could net you £62/year or £124/year for basic/higher rate tax payers, respectively.
Thanks for reading. Hope you all have a great week!