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FIRE Financial Independence, Retire Early

10/8/2018

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Looking back, I'm astonished how little I was taught about money.  Of course, I remember the stuff about compound interest but otherwise my formal education (and informal for that matter) was silent about things like debt (and the cost of debt) and the options for reaching financial independence at the earliest opportunity. The expectation was mortgage (30 years+) and gainful employment until retirement age (40 years+). Then a few years ago I stumbled on the so-called FIRE community (Financial Independence Retire Early). Its an amazing source of ordinary wisdom about alternatives to these taken-as-gospel shackles of human existence.

To a large extent I made these discoveries too late (already a 30+ year mortgage, though now paid off).  But I have benefited by discovering ways of investing at low cost, and of discovering the often hidden or at least camouflaged fees that the so-called financial services 'industry' siphon off (a modern day scandal).

So go exploring: try Mr Money Mustache's blog (USA), The Escape Artist (UK) and PensionCraft. And more here about other FIRE sites.  Don't be put off.  Starting early is the great thing. Spread the word.

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