Financial independence

[Catthew]

What are your tips for achieving financial independence?

I’m 28 and I’ve got an Emergency Fund. I’m going to continue to invest in my S&S ISA every month in hope of retiring early. I’m also going to overpay my mortgage by £50 a month to reduce the term.

I also have adequate disposable income to enjoy my life, and I save for holidays etc.

Is there anything else that I should consider?

Max out workplace pension matched contributions + seriously consider AVCs due to tax relief x

Thanks! Does that mean my employer will pay more too?

Definitely max out the pension, your employer will have a limit that they pay. If you can’t find the figures maybe check with your manager or HR.

Also save as much as possible.

Be very careful who you ever get romantically linked to.

Look at threads on here and MSE (money saving expert) regarding FIRE (Financial Independence Retire Early). You don’t have to go hardcore but can pick and choose the tips etc.