Finance & Fury Podcast

Today’s Say What Wednesday question is from Paul; “Hey fellas! I think you guys are doing a great a job. Always a fun listen. Question; I was wondering your thoughts on the world of FI (financial independence) which is getting more momentum, to the likes of Mr Money Mustache and other FIRE? Have you taken a similar approach to these people with your own personal finance, having savings rates as high as or higher than 50% of total take home income?” For those who don’t know: Financial Independence Retire Early (FIRE) i.e. Save and invest most of your income now I really like the idea of Financial Independence and employ it myself to avoid the hedonic treadmill creep. I set a base living standard and then invest everything I earn on top of this figure. Whilst I was PAYG a little while ago I was saving between 50-60% of my income and investing it, with a decent chunk being salary sacrificed. I've been in the process of setting up a new business in the past 18 months which put a dint in the ability to save,