Description
I have some big news…
I am now a British citizen!
In honor of finally getting my UK passport, and therefore completing this long journey to citizenship, I am releasing my UK FIRE episode.
Barney, from The Escape Artist, joined me in my Edinburgh apartment (before the pandemic) to discuss all things related to financial independence and early retirement in the UK.
Hope you enjoy it!
Highlights
The cultural differences between US/UK that affect pursuing FI How to escape from the prison we create for ourselves Translating US investing terminology to the UK (e.g. 401k→pension, IRA→ISA, etc.) Is it easier to reach FI in the US or UK Class structure in UK and how pursuing FI forces you to traverse all classes Why FIRE isn’t bigger in the UK Difference between the different types of ISAs Is tax hacking possible in the UK Real-estate investing in the United Kingdom and the fantastic Rent-a-Room scheme How to use geographic arbitrage to reach FI sooner
In 2021, I decided to stop doing annual updates.
At that time, I thought I had FI figured out and was just living a “normal” life (so no need to talk about it anymore).
Well, a lot has changed since then.
Turns out, I didn’t have everything figured out :/
I explain more in today’s short...
Published 09/03/24
Saving up a bunch of money gives you power - power you can use to make your life better and your journey to financial independence quicker.
The only way to take advantage of the power though is to use it.
Full Article:
https://www.madfientist.com/power-of-quitting/
Published 07/08/24