Talking about financial freedom and early retirement. Posts are not financial advice but personal experience. Do your own research.https://bsky.app/profile/finance55.bsky.socialhttps://bsky.app/profile/finance55.bsky.social/post/3lirqcl6uu227In the UK you can’t get your state pension until 66 - 68 If you want to retire earlier than this you need a plan You can access a personal pension earlier (currently 55 but rising to 58) And of course there are ISAs22 Feb 2025 16:26 +0000at://did:plc:b5flsw6usfpwktqlljovqqwe/app.bsky.feed.post/3lirqcl6uu227https://bsky.app/profile/finance55.bsky.social/post/3lhvwpeu2ek22I have finally finished my book where I outline how I achieved Financial Freedom and retired early. If you want to do the same you can get my book via the following link: payhip.com/b/iR7qk https://payhip.com/b/iR7qk11 Feb 2025 15:06 +0000at://did:plc:b5flsw6usfpwktqlljovqqwe/app.bsky.feed.post/3lhvwpeu2ek22https://bsky.app/profile/finance55.bsky.social/post/3lhg5iph53s2zNatural yield - the dividends and interest that your investments produce If you have enough invested, this can become a viable income stream.05 Feb 2025 08:25 +0000at://did:plc:b5flsw6usfpwktqlljovqqwe/app.bsky.feed.post/3lhg5iph53s2zhttps://bsky.app/profile/finance55.bsky.social/post/3lhdsftwvrk2zI have finished my book which is now available for purchase. It talks about strategies that I used to enable me to retire early. payhip.com/Finance55uk https://payhip.com/Finance55uk04 Feb 2025 10:01 +0000at://did:plc:b5flsw6usfpwktqlljovqqwe/app.bsky.feed.post/3lhdsftwvrk2zhttps://bsky.app/profile/finance55.bsky.social/post/3lhds74dfls2zWhen you are looking for growth with your investments - accumulation funds When you are looking for income from your investments - income/distribution funds04 Feb 2025 09:57 +0000at://did:plc:b5flsw6usfpwktqlljovqqwe/app.bsky.feed.post/3lhds74dfls2zhttps://bsky.app/profile/finance55.bsky.social/post/3lhbqxvbjnk2cHaving financial goals may help you make better financial decisions Do you know what your goals are?03 Feb 2025 14:30 +0000at://did:plc:b5flsw6usfpwktqlljovqqwe/app.bsky.feed.post/3lhbqxvbjnk2chttps://bsky.app/profile/finance55.bsky.social/post/3lh6noeorq22sThe term ‘#equity’ is used to describe the funds raised by a company for business growth and development These funds are raised through public or #financial institutions by issuing company #shares which are then listed on a #stock exchange02 Feb 2025 08:53 +0000at://did:plc:b5flsw6usfpwktqlljovqqwe/app.bsky.feed.post/3lh6noeorq22shttps://bsky.app/profile/finance55.bsky.social/post/3lh4btystkk22‘Paying yourself first’ is a #financial strategy where you set aside an amount to #invest from your #income before you pay any other expenses The easiest and most consistent way to do this is by setting up a direct debit to your #investment, that goes out the day after pay day01 Feb 2025 10:16 +0000at://did:plc:b5flsw6usfpwktqlljovqqwe/app.bsky.feed.post/3lh4btystkk22https://bsky.app/profile/finance55.bsky.social/post/3lgznto44xs2lIf you want to avoid some of the volatility in the #stock market, the strategy of Pound Cost Averaging is one way to ensure that you sleep well at nights31 Jan 2025 09:13 +0000at://did:plc:b5flsw6usfpwktqlljovqqwe/app.bsky.feed.post/3lgznto44xs2lhttps://bsky.app/profile/finance55.bsky.social/post/3lgxt6425ps2lDon’t say “No” to free money. [contains quote post or other embedded content]30 Jan 2025 15:43 +0000at://did:plc:b5flsw6usfpwktqlljovqqwe/app.bsky.feed.post/3lgxt6425ps2lhttps://bsky.app/profile/finance55.bsky.social/post/3lgxjlinkjs2lPound Cost Averaging = strategy where you #invest small amounts on a regular basis When the market drops, you buy more ‘#shares’ for the same amount of money The cost of your shares ‘averages’ out over time to between the highest & lowest value during your #investment window30 Jan 2025 12:51 +0000at://did:plc:b5flsw6usfpwktqlljovqqwe/app.bsky.feed.post/3lgxjlinkjs2lhttps://bsky.app/profile/finance55.bsky.social/post/3lgx4s3bhyc2pWherever you are in your #investment journey, you should always have some easy access cash available for you to use in case of some sort of #financial emergency This is usually referred to as an ‘Emergency Fund’ This is the money that helps you sleep at night30 Jan 2025 09:02 +0000at://did:plc:b5flsw6usfpwktqlljovqqwe/app.bsky.feed.post/3lgx4s3bhyc2phttps://bsky.app/profile/finance55.bsky.social/post/3lgvi3qfmik2pThe idea of an #ISA is that it enables you to save/invest without any #tax liability Income that you earn will fall outside any income tax obligations This is helpful when you #retire, and can significantly reduces any tax liability29 Jan 2025 17:19 +0000at://did:plc:b5flsw6usfpwktqlljovqqwe/app.bsky.feed.post/3lgvi3qfmik2phttps://bsky.app/profile/finance55.bsky.social/post/3lgvhu2xnds2pA great explanation of how you can access your money from your pension, and avoid one particular tax trap. [contains quote post or other embedded content]29 Jan 2025 17:15 +0000at://did:plc:b5flsw6usfpwktqlljovqqwe/app.bsky.feed.post/3lgvhu2xnds2phttps://bsky.app/profile/finance55.bsky.social/post/3lgvgvinjh22pSome useful information here that is also relevant in the U.K. using ISAs and SIPPs. Cash savings for the short term and emergencies; investing for the long term and retirement. [contains quote post or other embedded content]29 Jan 2025 16:58 +0000at://did:plc:b5flsw6usfpwktqlljovqqwe/app.bsky.feed.post/3lgvgvinjh22phttps://bsky.app/profile/finance55.bsky.social/post/3lgsbd56lb22lIf you care about your retirement then this would be a good start. [contains quote post or other embedded content]28 Jan 2025 10:40 +0000at://did:plc:b5flsw6usfpwktqlljovqqwe/app.bsky.feed.post/3lgsbd56lb22lhttps://bsky.app/profile/finance55.bsky.social/post/3lgsapujo522lPutting a small amount of money into low cost investments on a regular basis will really help develop a habit that will remain with you throughout your life28 Jan 2025 10:29 +0000at://did:plc:b5flsw6usfpwktqlljovqqwe/app.bsky.feed.post/3lgsapujo522lhttps://bsky.app/profile/finance55.bsky.social/post/3lgqdrizs2s2mIn order to increase wealth sufficiently to allow you the option of retiring early, it’s not enough to simply save money, you also need to invest it Only by investing will you achieve a return to beat inflation, which is what you need to do for your money to grow in real terms27 Jan 2025 16:18 +0000at://did:plc:b5flsw6usfpwktqlljovqqwe/app.bsky.feed.post/3lgqdrizs2s2mhttps://bsky.app/profile/finance55.bsky.social/post/3lgpc5z5lr22eWhen you invest, your money can grow in two ways Your original investment can grow in value and it can also produce an income The growth in value may be referred to as the growth in capital or capital growth The income it produces may be referred to as natural yield27 Jan 2025 06:17 +0000at://did:plc:b5flsw6usfpwktqlljovqqwe/app.bsky.feed.post/3lgpc5z5lr22ehttps://bsky.app/profile/finance55.bsky.social/post/3lgnno65pkc23Investing through funds is usually considered less risky than compared to buying individual shares/bonds as you will own a small portion of many companies and assets, so if one falls in value, another may rise in value and the result should theoretically be less volatile.26 Jan 2025 14:38 +0000at://did:plc:b5flsw6usfpwktqlljovqqwe/app.bsky.feed.post/3lgnno65pkc23https://bsky.app/profile/finance55.bsky.social/post/3lgl5liegtk23Whilst it’s possible to buy individual company shares or bonds, and many investors do, it’s also possible to buy a ready made ‘basket’ of stocks and/or bonds which is usually referred to as a ‘Fund’25 Jan 2025 14:44 +0000at://did:plc:b5flsw6usfpwktqlljovqqwe/app.bsky.feed.post/3lgl5liegtk23https://bsky.app/profile/finance55.bsky.social/post/3lgkqaf44gc23There is a clear difference between owning shares and bonds When you have ‘shares’ in a company, you own a part of the company If you have ‘bonds’ in a company, then you are lending the company money25 Jan 2025 10:46 +0000at://did:plc:b5flsw6usfpwktqlljovqqwe/app.bsky.feed.post/3lgkqaf44gc23