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financial independence / early retirement – reddit

My previous post received way more views and comments than I ever thought.

My desire to FIRE has opened up some very lucrative opportunities. from financialindependence

A few people asked me to elaborate on my Work Smart philosophy instead of the usual putting your head down and grinding mentality that is the norm to advancing.

Before I begin, I have only used this in a corporate setting and cannot guarantee this will work in other work environments, however most of this will sound simple once you read it.

Lets start with Internships

So you land an internship for the summer and you have 8 weeks to leave your Mark with your employer.

Work Smart1) Use your time to do as much research as possible to understand how the business works and what are some common challenges.

2) ask a lot of questions from long time employees about their day to day and learn from them.

3) work hard to make peoples lives easier by figuring out a simple solution to a simple problem that annoys everyone. Trust me we all have small issues that we can never get to since were occupied with other things.

4). When given only basic tasks to work on, make sure to do then the best way anyone can and take it upon your self to get involved in more complex tasks. Approach this from a I am really interested in helping solve this issue.

5) Schedule meetings with influencers to get to know them and ask them questions about how they became successful. 2 things ring true wherever Ive been 1) people like receiving sincere compliments. 2) people love to talk about themselves.

6) Make sure to be helpful at least once to the people that have the ability to hire you.

7) Ask your boss to advocate for you and get you a full time offer or part time work during school. So many people just never bother to ask or make it known that they are hungry and want to continue working.

Dont do this

1) treat an internship like summer camp.2) Expect to be told exactly what to do.3) only hang out with other interns or people your age.4) leave exactly at 5 if youre working on an interesting project.

So many interns at my company dont realize that they are in a competition to maybe fill in 1 spot. As managers we are looking for the brightest and the best and if you dont stick out to us then you wont get a shot.

Entry level job

So youre hired full time and now you must do the work.

Work Smart

1) you just landed an MBA class of the real world where they pay you to learn. So make sure you learn something new each day or your Day was a failure.

2) There are no problems only solutions. When you approach your manager with a problem or issue always start with a solution and let your manager decide if you should implement it.

3) Be confident even if youre wrong. No bodys perfect and your manager probably has a lot on their plate. Having an employee that comes to me with a solution and takes some chances on their own in order to make my life easier is a breath of fresh air. Granted there are big decisions that need multiple perspectives and sign offs but do the work yourself and come to your manager confidently with a solution.

4) manage up. Your sole job is to make your manager look good and earn more money with the hope that they cut you a slice. Make sure to help your manager look good.

5) Dont take credit for things. We hate credit hogs and can see right through them. We know who does what and even if we miss a few things it wont matter. Just keep on solving things the reward will come because no one will replicate what you do.

6) make sure your peers are involved in your ideas and win them over to your side. This is not a to the death competition. You are all a team so get the rest of the team on board to your ideas and then present them with the team to management. This shows that not only can you come up with solutions but you can also build a consensus.

7) Do the next level up job and dont take the credit. I believe that we should all be working the next job we want. When its time for promotions we know who has the skills to move to the next level.

8) Develop relationships with key people that will mentor you and help you advance in your career.

9) Understand the big picture and be a team player.

10) if youre ultimate goal is to be a leader then start leading now. A title does not make a leader successful rather people need to gravitate to you. Leading without a title and having people want to follow you is the recipe for a true strong leader.

There are many more things but I feel like this rant is long enough. I hope this makes sense and helps some of you.

More:

financial independence / early retirement – reddit

The 7 Stages of Financial Independence | Radical Personal …

You cant go from broke to rich in a single step. Theres no magic fairy who will suddenly transform your financial life for you. You have to do it yourself.

But you can work your way through a path that leads to financial independence and complete abundance. That path has stages and you should celebrate your progress at every stage!

We all begin from a place of dependence on others. You may be a young adult transitioning from under your parents care to being self-supporting. Or you may have hit a rough patch in life as an adult and needed the help and aid of others.

Regardless where youre starting from, the first step is to transition from being dependent on others to being self-supporting and financially solvent.

The first stage of financial independence is to become financially solvent. This means that you are able to support yourself on your own income without the aid of others and that you are current on all of your bills.

There are many strategies that you can employ depending on your starting point. You may need to create an income for the very first time in your life. You may need to transition from an unreliable or low income to a bigger and better income. Or you may need some ideas to renegotiate your debts with your creditors.

It doesnt matter why youre behind. It only matters that you get your income to a point where its equal to or greater than your expenses.

Once youre current on your bills, you need to build a buffer account. Call it what you willemergency fund, rainy day fund, cash reserves, buffer accountthe purpose is the same.

Unexpected problems happen. Unexpected opportunities present themselves. Youll need money. If you dont have any money saved, youll fall behind on your bills and wind up in debt. Or you wont be able to take advantage of a perfect opportunity because you didnt have the cash.

First you figure out how much you need in the buffer account. Then you save it. Then you declare yourself financially stable.

If you have debt, youll probably want to get rid of it. Not all debt is created equal. But youll need to sit down and look at your debts and make a plan to dump the debt thats not getting you closer to financial independence.

That definitely means getting rid of any high-interest rate debt. It certainly means clearing your name from any old, unpaid debts. It probably means dumping any consumer debt tied to depreciating assets. And it likely means having a plan to clear the debt on any productive business or investment assets.

Being debt free means you can enjoy greater freedom and independence in your life. And thats the whole point, isnt it?

Your long-term goal is to de-couple the expenses associated with your lifestyle from your need to work to pay for them. That happens when the income from your investments is sufficient to pay for them.

This happens in stagessmall at first and larger later. The first stage is to have your basic living expenses covered by your investment income.

That means your housing expenses, utilities, food, transportation, and insurance. When these basic needs of life are covered by your investment income youve attained a high degree of financial security.

When your current lifestyle expenses can be met with your investment income, youve reached the point of financial independence! Congratulations!

You can choose to disconnect yourself from work if you want to. But of course you might choose not to.

The key at this stage is simply to know that its up to you!

Its possible that you have some lifestyle goals which are beyond the lifestyle youre currently living.

This might be things you desire to buy, experiences you desire to have, or philanthropic goals you wish to meet.

If so, the important thing is to clarify these goals and fund them with your investment income. At that point in time, youre truly financially free in every sense of the word.

When you reach this stage of your financial journey, youve reached the most challenging stage of all. But it can be a very enjoyable challenge!

Youve accumulated wealth beyond the amount needed to fund your own lifestyle expenses with a comfortable margin of safety.

Now you have to decide how to responsibly manage the surplus. How will you allocate it productively while you control it? And who will control it when youre done with it? How will you assure that the money is used for good and not for evil?

Its a real challenge, but its one faced by all those who have faithfully and steadily built wealth throughout their lifetimes. Its the most important stage of all.

Read the original post:

The 7 Stages of Financial Independence | Radical Personal …

Welcome – Reach Financial Independence

At this point in time, many people all around the world have a tough time making it from one day to the next. There is a pretty good chance that you are no different. Despite working thoroughly … Read more

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Continue reading here:

Welcome – Reach Financial Independence

theFIREstarter – Financial Independence. Retire Early

Greetings!

Welcome to theFIREstarter! If you are interested in themes such as Financial Independence, Retiring Early, Downshifting, or simply just working less and living more then please stick around, I think well get on just fine

If all of that sounds right up your alley then you can follow along by:

Subscribing by EmailFollowing me on twitterSubscribing by RSS feed

If you’d rather have a poke around first then by all means do so! You can always subscribe later by using the link at the top right of the menu above.If you want to get the full story you can start from the very first post here or for a more casual read, just see what catches your eye on the list of all posts page.

My thoughts and plans have slightly changed in the few years since I set up the blog, you can learn a little bit more about me and the main points on what those plans were and how they’ve changed here, here, here, here and finally here.

If you’d like to keep a track of new developments, money saving tips, money making tips, my adventures in attempting self sufficiency and simple living, free financial hacks and spreadsheets, and my general musings on Financial Independence, Personal Finance, investing, and the occasional humorous rant, then please consider following along. Those links again:

Subscribe by EmailFollow me on twitterSubscribe by RSS feed

Thanks for visiting!

TFS.x

We have a guest post today for you by Sam from Money Nest, in Sams own words:

Sam Jefferies is the creator ofMoney Nest, aUK Personal Finance Blog Focused on 20-30yr olds in the UK.

This subject is an interesting topic to me so it was interesting hearing his thoughts on it, many thanks to Sam for getting in touch with me! I wont spoil it by letting on any further so please read on and be sure to comment with your own thoughts on it! Over to you, Sam

Im going to let you in on a secret. Im both an investor and British, yet I actively avoid investing in the FTSE, in fact, Ive gone as far as deliberately exiting funds (and paying the related charges) simply because they invest in the FTSE.

Whatsmore if you read the following, Im almost sure youll take the same approach.

So why so anti-FTSE? well, for the following reasons

Read the rest of this entry

View post:

theFIREstarter – Financial Independence. Retire Early

The 7 Stages of Financial Independence | Radical Personal …

You cant go from broke to rich in a single step. Theres no magic fairy who will suddenly transform your financial life for you. You have to do it yourself.

But you can work your way through a path that leads to financial independence and complete abundance. That path has stages and you should celebrate your progress at every stage!

We all begin from a place of dependence on others. You may be a young adult transitioning from under your parents care to being self-supporting. Or you may have hit a rough patch in life as an adult and needed the help and aid of others.

Regardless where youre starting from, the first step is to transition from being dependent on others to being self-supporting and financially solvent.

The first stage of financial independence is to become financially solvent. This means that you are able to support yourself on your own income without the aid of others and that you are current on all of your bills.

There are many strategies that you can employ depending on your starting point. You may need to create an income for the very first time in your life. You may need to transition from an unreliable or low income to a bigger and better income. Or you may need some ideas to renegotiate your debts with your creditors.

It doesnt matter why youre behind. It only matters that you get your income to a point where its equal to or greater than your expenses.

Once youre current on your bills, you need to build a buffer account. Call it what you willemergency fund, rainy day fund, cash reserves, buffer accountthe purpose is the same.

Unexpected problems happen. Unexpected opportunities present themselves. Youll need money. If you dont have any money saved, youll fall behind on your bills and wind up in debt. Or you wont be able to take advantage of a perfect opportunity because you didnt have the cash.

First you figure out how much you need in the buffer account. Then you save it. Then you declare yourself financially stable.

If you have debt, youll probably want to get rid of it. Not all debt is created equal. But youll need to sit down and look at your debts and make a plan to dump the debt thats not getting you closer to financial independence.

That definitely means getting rid of any high-interest rate debt. It certainly means clearing your name from any old, unpaid debts. It probably means dumping any consumer debt tied to depreciating assets. And it likely means having a plan to clear the debt on any productive business or investment assets.

Being debt free means you can enjoy greater freedom and independence in your life. And thats the whole point, isnt it?

Your long-term goal is to de-couple the expenses associated with your lifestyle from your need to work to pay for them. That happens when the income from your investments is sufficient to pay for them.

This happens in stagessmall at first and larger later. The first stage is to have your basic living expenses covered by your investment income.

That means your housing expenses, utilities, food, transportation, and insurance. When these basic needs of life are covered by your investment income youve attained a high degree of financial security.

When your current lifestyle expenses can be met with your investment income, youve reached the point of financial independence! Congratulations!

You can choose to disconnect yourself from work if you want to. But of course you might choose not to.

The key at this stage is simply to know that its up to you!

Its possible that you have some lifestyle goals which are beyond the lifestyle youre currently living.

This might be things you desire to buy, experiences you desire to have, or philanthropic goals you wish to meet.

If so, the important thing is to clarify these goals and fund them with your investment income. At that point in time, youre truly financially free in every sense of the word.

When you reach this stage of your financial journey, youve reached the most challenging stage of all. But it can be a very enjoyable challenge!

Youve accumulated wealth beyond the amount needed to fund your own lifestyle expenses with a comfortable margin of safety.

Now you have to decide how to responsibly manage the surplus. How will you allocate it productively while you control it? And who will control it when youre done with it? How will you assure that the money is used for good and not for evil?

Its a real challenge, but its one faced by all those who have faithfully and steadily built wealth throughout their lifetimes. Its the most important stage of all.

More here:

The 7 Stages of Financial Independence | Radical Personal …

Financial independence – Wikipedia

For the concept of independence from another person for support, see Dependant.

Financial independence is a state in which an individual or household has sufficient wealth to live on without having to depend on income from some form of employment.[1][citation needed] Financially independent people have assets that generate income (cash flow) that is at least equal to their expenses. Income you earn without having to work a job is commonly referred to as “passive income”.[2] For example, if someone receives $5000 in dividends from stocks they own, but their expenses total $4000, they can live on their dividend income because it pays for all their expenses to live (with some left over). Under these circumstances, a person is financially independent. A person’s assets and liabilities are an important factor in determining if they have achieved financial independence. An asset is anything of value that can be readily turned into cash (liquidated) if a person has to pay debt, whereas a liability is a responsibility to provide compensation. (Homes and automobiles with no liens or mortgages are common assets.)

Age and existing wealth or current salary don’t matter – if someone can generate enough income to meet their needs from sources other than their primary occupation, they have achieved financial independence. If a 25-year-old has $100 in expenses per month, and assets that generate $101 or more per month, they have achieved financial independence, and they are now free to spend their time doing the thing they enjoy without needing to work a regular job to pay their bills. If, on the other hand, a 50-year-old earns $1,000,000 a month but has expenses that equal more than that per month, they are not financially independent because they still have to earn the difference each month just to make all their payments. However, the effects of inflation must be considered. If a person needs $100/month for living expenses today, they will need $105/month next year and $110.25/month the following year to support the same lifestyle, assuming a 5% annual inflation rate. Therefore, if the person in the above example obtains their passive income from a perpetuity, there will be a time when they lose their financial independence because of inflation.

There are many strategies to achieve financial independence, each with their own benefits and drawbacks. To achieve financial independence, it will be helpful if you have a financial plan and budget, so you know what money is coming in and going out, have a clear view of your current incomes and expenses, and can identify and choose appropriate strategies to move towards your financial goals. A financial plan addresses every aspect of your finances.[3]

Since there are two sides to the assets and expenses equation, there are two main directions one can focus their energy: accumulating assets or reducing their expenses.

Accumulating assets can focus one or both of these approaches:

Another approach to financial independence is to reduce regular expenses while accumulating assets, to reduce the amount of assets required for financial independence. This can be done by focusing on simple living, or other strategies to reduce expenses.[4][5]

The following is a non-exhaustive list of sources of passive income which potentially yields financial independence.

Link:

Financial independence – Wikipedia

Financial independence – Wikipedia

For the concept of independence from another person for support, see Dependant.

Financial independence is a state in which an individual or household has sufficient wealth to live on without having to depend on income from some form of employment.[1][citation needed] Financially independent people have assets that generate income (cash flow) that is at least equal to their expenses. Income you earn without having to work a job is commonly referred to as “passive income”.[2] For example, if someone receives $5000 in dividends from stocks they own, but their expenses total $4000, they can live on their dividend income because it pays for all their expenses to live (with some left over). Under these circumstances, a person is financially independent. A person’s assets and liabilities are an important factor in determining if they have achieved financial independence. An asset is anything of value that can be readily turned into cash (liquidated) if a person has to pay debt, whereas a liability is a responsibility to provide compensation. (Homes and automobiles with no liens or mortgages are common assets.)

Age and existing wealth or current salary don’t matter – if someone can generate enough income to meet their needs from sources other than their primary occupation, they have achieved financial independence. If a 25-year-old has $100 in expenses per month, and assets that generate $101 or more per month, they have achieved financial independence, and they are now free to spend their time doing the thing they enjoy without needing to work a regular job to pay their bills. If, on the other hand, a 50-year-old earns $1,000,000 a month but has expenses that equal more than that per month, they are not financially independent because they still have to earn the difference each month just to make all their payments. However, the effects of inflation must be considered. If a person needs $100/month for living expenses today, they will need $105/month next year and $110.25/month the following year to support the same lifestyle, assuming a 5% annual inflation rate. Therefore, if the person in the above example obtains their passive income from a perpetuity, there will be a time when they lose their financial independence because of inflation.

There are many strategies to achieve financial independence, each with their own benefits and drawbacks. To achieve financial independence, it will be helpful if you have a financial plan and budget, so you know what money is coming in and going out, have a clear view of your current incomes and expenses, and can identify and choose appropriate strategies to move towards your financial goals. A financial plan addresses every aspect of your finances.[3]

Since there are two sides to the assets and expenses equation, there are two main directions one can focus their energy: accumulating assets or reducing their expenses.

Accumulating assets can focus one or both of these approaches:

Another approach to financial independence is to reduce regular expenses while accumulating assets, to reduce the amount of assets required for financial independence. This can be done by focusing on simple living, or other strategies to reduce expenses.[4][5]

The following is a non-exhaustive list of sources of passive income which potentially yields financial independence.

View original post here:

Financial independence – Wikipedia

The 7 Stages of Financial Independence | Radical Personal …

You cant go from broke to rich in a single step. Theres no magic fairy who will suddenly transform your financial life for you. You have to do it yourself.

But you can work your way through a path that leads to financial independence and complete abundance. That path has stages and you should celebrate your progress at every stage!

We all begin from a place of dependence on others. You may be a young adult transitioning from under your parents care to being self-supporting. Or you may have hit a rough patch in life as an adult and needed the help and aid of others.

Regardless where youre starting from, the first step is to transition from being dependent on others to being self-supporting and financially solvent.

The first stage of financial independence is to become financially solvent. This means that you are able to support yourself on your own income without the aid of others and that you are current on all of your bills.

There are many strategies that you can employ depending on your starting point. You may need to create an income for the very first time in your life. You may need to transition from an unreliable or low income to a bigger and better income. Or you may need some ideas to renegotiate your debts with your creditors.

It doesnt matter why youre behind. It only matters that you get your income to a point where its equal to or greater than your expenses.

Once youre current on your bills, you need to build a buffer account. Call it what you willemergency fund, rainy day fund, cash reserves, buffer accountthe purpose is the same.

Unexpected problems happen. Unexpected opportunities present themselves. Youll need money. If you dont have any money saved, youll fall behind on your bills and wind up in debt. Or you wont be able to take advantage of a perfect opportunity because you didnt have the cash.

First you figure out how much you need in the buffer account. Then you save it. Then you declare yourself financially stable.

If you have debt, youll probably want to get rid of it. Not all debt is created equal. But youll need to sit down and look at your debts and make a plan to dump the debt thats not getting you closer to financial independence.

That definitely means getting rid of any high-interest rate debt. It certainly means clearing your name from any old, unpaid debts. It probably means dumping any consumer debt tied to depreciating assets. And it likely means having a plan to clear the debt on any productive business or investment assets.

Being debt free means you can enjoy greater freedom and independence in your life. And thats the whole point, isnt it?

Your long-term goal is to de-couple the expenses associated with your lifestyle from your need to work to pay for them. That happens when the income from your investments is sufficient to pay for them.

This happens in stagessmall at first and larger later. The first stage is to have your basic living expenses covered by your investment income.

That means your housing expenses, utilities, food, transportation, and insurance. When these basic needs of life are covered by your investment income youve attained a high degree of financial security.

When your current lifestyle expenses can be met with your investment income, youve reached the point of financial independence! Congratulations!

You can choose to disconnect yourself from work if you want to. But of course you might choose not to.

The key at this stage is simply to know that its up to you!

Its possible that you have some lifestyle goals which are beyond the lifestyle youre currently living.

This might be things you desire to buy, experiences you desire to have, or philanthropic goals you wish to meet.

If so, the important thing is to clarify these goals and fund them with your investment income. At that point in time, youre truly financially free in every sense of the word.

When you reach this stage of your financial journey, youve reached the most challenging stage of all. But it can be a very enjoyable challenge!

Youve accumulated wealth beyond the amount needed to fund your own lifestyle expenses with a comfortable margin of safety.

Now you have to decide how to responsibly manage the surplus. How will you allocate it productively while you control it? And who will control it when youre done with it? How will you assure that the money is used for good and not for evil?

Its a real challenge, but its one faced by all those who have faithfully and steadily built wealth throughout their lifetimes. Its the most important stage of all.

View original post here:

The 7 Stages of Financial Independence | Radical Personal …

financial independence / early retirement – reddit

This is a place for people who are or want to become Financially Independent (FI), which means not having to work for money.

Before proceeding further, please read the Rules & FAQ.

Financial Independence is closely related to the concept of Early Retirement/Retiring Early (RE) – quitting your job/career and pursuing other activities with your time. This subreddit deals primarily with Financial Independence, but additionally with some concepts around “RE”.

At its core, FI/RE is about maximizing your savings rate (through less spending and/or higher income) to achieve FI and have the freedom to RE as fast as possible. The purpose of this subreddit is to discuss FI/RE strategies, techniques, and lifestyles no matter if you’re retired or not, or how old you are.

FI/RE is about:

Discovering and achieving life goals: What would I do with my life if I didn’t have to work for money?”

Simplifying and redesigning your lifestyle to reduce spending. Your wants and needs aren’t written in stone, and less spending is powerful at any income level.

Working to increase your income and income streams with projects, side-gigs, and additional effort

Striving to save a large percentage (generally more than 50%) of your income to accelerate achieving FI

Investing to make your money work for you, and learning to manage/optimize those investments for the unique nature of FI/RE

Retiring Early

FI/RE is NOT about:

Gaining wealth for the purpose of excessive consumption

Taking the slow road, or the traditional road to retirement

Becoming financially independent requires hard work and a healthy attitude towards money, but also a degree of privilege. When participating on this subreddit, please be mindful of the ways in which you are lucky.

Please read the FAQ and Rules above, then feel free to share your journey or ask for advice!

Blogs sorted by Alexa rank (500k min)

Forums

More to read

Tools

Books / Resources

Reddit resources

Closely related subs

Regional FI/RE

Regional Personal Finance

Money subs

Lifestyle (frugal) subs

See original here:

financial independence / early retirement – reddit

The 7 Stages of Financial Independence | Radical Personal …

You cant go from broke to rich in a single step. Theres no magic fairy who will suddenly transform your financial life for you. You have to do it yourself.

But you can work your way through a path that leads to financial independence and complete abundance. That path has stages and you should celebrate your progress at every stage!

We all begin from a place of dependence on others. You may be a young adult transitioning from under your parents care to being self-supporting. Or you may have hit a rough patch in life as an adult and needed the help and aid of others.

Regardless where youre starting from, the first step is to transition from being dependent on others to being self-supporting and financially solvent.

The first stage of financial independence is to become financially solvent. This means that you are able to support yourself on your own income without the aid of others and that you are current on all of your bills.

There are many strategies that you can employ depending on your starting point. You may need to create an income for the very first time in your life. You may need to transition from an unreliable or low income to a bigger and better income. Or you may need some ideas to renegotiate your debts with your creditors.

It doesnt matter why youre behind. It only matters that you get your income to a point where its equal to or greater than your expenses.

Once youre current on your bills, you need to build a buffer account. Call it what you willemergency fund, rainy day fund, cash reserves, buffer accountthe purpose is the same.

Unexpected problems happen. Unexpected opportunities present themselves. Youll need money. If you dont have any money saved, youll fall behind on your bills and wind up in debt. Or you wont be able to take advantage of a perfect opportunity because you didnt have the cash.

First you figure out how much you need in the buffer account. Then you save it. Then you declare yourself financially stable.

If you have debt, youll probably want to get rid of it. Not all debt is created equal. But youll need to sit down and look at your debts and make a plan to dump the debt thats not getting you closer to financial independence.

That definitely means getting rid of any high-interest rate debt. It certainly means clearing your name from any old, unpaid debts. It probably means dumping any consumer debt tied to depreciating assets. And it likely means having a plan to clear the debt on any productive business or investment assets.

Being debt free means you can enjoy greater freedom and independence in your life. And thats the whole point, isnt it?

Your long-term goal is to de-couple the expenses associated with your lifestyle from your need to work to pay for them. That happens when the income from your investments is sufficient to pay for them.

This happens in stagessmall at first and larger later. The first stage is to have your basic living expenses covered by your investment income.

That means your housing expenses, utilities, food, transportation, and insurance. When these basic needs of life are covered by your investment income youve attained a high degree of financial security.

When your current lifestyle expenses can be met with your investment income, youve reached the point of financial independence! Congratulations!

You can choose to disconnect yourself from work if you want to. But of course you might choose not to.

The key at this stage is simply to know that its up to you!

Its possible that you have some lifestyle goals which are beyond the lifestyle youre currently living.

This might be things you desire to buy, experiences you desire to have, or philanthropic goals you wish to meet.

If so, the important thing is to clarify these goals and fund them with your investment income. At that point in time, youre truly financially free in every sense of the word.

When you reach this stage of your financial journey, youve reached the most challenging stage of all. But it can be a very enjoyable challenge!

Youve accumulated wealth beyond the amount needed to fund your own lifestyle expenses with a comfortable margin of safety.

Now you have to decide how to responsibly manage the surplus. How will you allocate it productively while you control it? And who will control it when youre done with it? How will you assure that the money is used for good and not for evil?

Its a real challenge, but its one faced by all those who have faithfully and steadily built wealth throughout their lifetimes. Its the most important stage of all.

Original post:

The 7 Stages of Financial Independence | Radical Personal …

financial independence / early retirement – reddit

This is a place for people who are or want to become Financially Independent (FI), which means not having to work for money.

Before proceeding further, please read the Rules & FAQ.

Financial Independence is closely related to the concept of Early Retirement/Retiring Early (RE) – quitting your job/career and pursuing other activities with your time. This subreddit deals primarily with Financial Independence, but additionally with some concepts around “RE”.

At its core, FI/RE is about maximizing your savings rate (through less spending and/or higher income) to achieve FI and have the freedom to RE as fast as possible. The purpose of this subreddit is to discuss FI/RE strategies, techniques, and lifestyles no matter if you’re retired or not, or how old you are.

FI/RE is about:

Discovering and achieving life goals: What would I do with my life if I didn’t have to work for money?”

Simplifying and redesigning your lifestyle to reduce spending. Your wants and needs aren’t written in stone, and less spending is powerful at any income level.

Working to increase your income and income streams with projects, side-gigs, and additional effort

Striving to save a large percentage (generally more than 50%) of your income to accelerate achieving FI

Investing to make your money work for you, and learning to manage/optimize those investments for the unique nature of FI/RE

Retiring Early

FI/RE is NOT about:

Gaining wealth for the purpose of excessive consumption

Taking the slow road, or the traditional road to retirement

Becoming financially independent requires hard work and a healthy attitude towards money, but also a degree of privilege. When participating on this subreddit, please be mindful of the ways in which you are lucky.

Please read the FAQ and Rules above, then feel free to share your journey or ask for advice!

Blogs sorted by Alexa rank (500k min)

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More to read

Tools

Books / Resources

Reddit resources

Closely related subs

Regional FI/RE

Regional Personal Finance

Money subs

Lifestyle (frugal) subs

Link:

financial independence / early retirement – reddit

The 7 Stages of Financial Independence | Radical Personal …

You cant go from broke to rich in a single step. Theres no magic fairy who will suddenly transform your financial life for you. You have to do it yourself.

But you can work your way through a path that leads to financial independence and complete abundance. That path has stages and you should celebrate your progress at every stage!

We all begin from a place of dependence on others. You may be a young adult transitioning from under your parents care to being self-supporting. Or you may have hit a rough patch in life as an adult and needed the help and aid of others.

Regardless where youre starting from, the first step is to transition from being dependent on others to being self-supporting and financially solvent.

The first stage of financial independence is to become financially solvent. This means that you are able to support yourself on your own income without the aid of others and that you are current on all of your bills.

There are many strategies that you can employ depending on your starting point. You may need to create an income for the very first time in your life. You may need to transition from an unreliable or low income to a bigger and better income. Or you may need some ideas to renegotiate your debts with your creditors.

It doesnt matter why youre behind. It only matters that you get your income to a point where its equal to or greater than your expenses.

Once youre current on your bills, you need to build a buffer account. Call it what you willemergency fund, rainy day fund, cash reserves, buffer accountthe purpose is the same.

Unexpected problems happen. Unexpected opportunities present themselves. Youll need money. If you dont have any money saved, youll fall behind on your bills and wind up in debt. Or you wont be able to take advantage of a perfect opportunity because you didnt have the cash.

First you figure out how much you need in the buffer account. Then you save it. Then you declare yourself financially stable.

If you have debt, youll probably want to get rid of it. Not all debt is created equal. But youll need to sit down and look at your debts and make a plan to dump the debt thats not getting you closer to financial independence.

That definitely means getting rid of any high-interest rate debt. It certainly means clearing your name from any old, unpaid debts. It probably means dumping any consumer debt tied to depreciating assets. And it likely means having a plan to clear the debt on any productive business or investment assets.

Being debt free means you can enjoy greater freedom and independence in your life. And thats the whole point, isnt it?

Your long-term goal is to de-couple the expenses associated with your lifestyle from your need to work to pay for them. That happens when the income from your investments is sufficient to pay for them.

This happens in stagessmall at first and larger later. The first stage is to have your basic living expenses covered by your investment income.

That means your housing expenses, utilities, food, transportation, and insurance. When these basic needs of life are covered by your investment income youve attained a high degree of financial security.

When your current lifestyle expenses can be met with your investment income, youve reached the point of financial independence! Congratulations!

You can choose to disconnect yourself from work if you want to. But of course you might choose not to.

The key at this stage is simply to know that its up to you!

Its possible that you have some lifestyle goals which are beyond the lifestyle youre currently living.

This might be things you desire to buy, experiences you desire to have, or philanthropic goals you wish to meet.

If so, the important thing is to clarify these goals and fund them with your investment income. At that point in time, youre truly financially free in every sense of the word.

When you reach this stage of your financial journey, youve reached the most challenging stage of all. But it can be a very enjoyable challenge!

Youve accumulated wealth beyond the amount needed to fund your own lifestyle expenses with a comfortable margin of safety.

Now you have to decide how to responsibly manage the surplus. How will you allocate it productively while you control it? And who will control it when youre done with it? How will you assure that the money is used for good and not for evil?

Its a real challenge, but its one faced by all those who have faithfully and steadily built wealth throughout their lifetimes. Its the most important stage of all.

Original post:

The 7 Stages of Financial Independence | Radical Personal …

financial independence / early retirement – reddit

Hey guys, Im really just getting into Reddit, and really just starting my serious journey to FI. This post might be kind of long winded and rambling.

Background: Im almost 29, have a good job making 78k a year, zero debt (just finished paying student loans off.) About 50k in my 401k and about 6k in cash savings. Currently renting a house in a new city. My expenses are low and Im attempting to save 2-2.25k per month. I currently max out my HSA contribution (saving up for laser eye surgery) and max out my employers 401k match at 6% into a Roth

I figure Roth is my better choice at the moment, I expect to keep getting promoted within my company, with my next large promotion (10-15% salary) within a year or two, and more to come in the future.

However, a promising stable career with a Fortune 500 company has always been my Plan B, Ive always been more interested in building a passive income business so I can enjoy life more. Im working 60 hour weeks minimum, and have started to feel like Im wasting my best years at work. Ive been having motivational problems due to this, and am spending my limited free time trying to go out and have fun instead of working on one of my side hustle. Im trying to start working on them again, and strike a reasonable work-life balance in a situation thats already skewed too far towards work.

I always figured I should hit my companys match, then take everything else to funnel into side gigs (first using it to pay of my student loans.) Now that Im out of debt, this money is really just starting to pile up and sit around. Im currently trying to maximize my saving to buy my first rental property, one of the avenues Im looking at for passive income.

Now lets figure that all of my grand plans dont work out and Im stuck working until Im much closer to the standard retirement age. Would I be better off contributing more towards my 401k? Would I be better off with even another 2-3%?

I have a lot more questions as well, and Ive been doing a lot of reading on the sub as well as others, like should I be keeping all of these savings for a down payment, or try and diversify and get some dividend stocks and other investment vehicles. Theres a lot to figure out. I guess end ramble for the time being

TL/DR – should I continue to get the bare minimum of my companys 401k match or contribute more

Excerpt from:

financial independence / early retirement – reddit

The 7 Stages of Financial Independence | Radical Personal …

You cant go from broke to rich in a single step. Theres no magic fairy who will suddenly transform your financial life for you. You have to do it yourself.

But you can work your way through a path that leads to financial independence and complete abundance. That path has stages and you should celebrate your progress at every stage!

We all begin from a place of dependence on others. You may be a young adult transitioning from under your parents care to being self-supporting. Or you may have hit a rough patch in life as an adult and needed the help and aid of others.

Regardless where youre starting from, the first step is to transition from being dependent on others to being self-supporting and financially solvent.

The first stage of financial independence is to become financially solvent. This means that you are able to support yourself on your own income without the aid of others and that you are current on all of your bills.

There are many strategies that you can employ depending on your starting point. You may need to create an income for the very first time in your life. You may need to transition from an unreliable or low income to a bigger and better income. Or you may need some ideas to renegotiate your debts with your creditors.

It doesnt matter why youre behind. It only matters that you get your income to a point where its equal to or greater than your expenses.

Once youre current on your bills, you need to build a buffer account. Call it what you willemergency fund, rainy day fund, cash reserves, buffer accountthe purpose is the same.

Unexpected problems happen. Unexpected opportunities present themselves. Youll need money. If you dont have any money saved, youll fall behind on your bills and wind up in debt. Or you wont be able to take advantage of a perfect opportunity because you didnt have the cash.

First you figure out how much you need in the buffer account. Then you save it. Then you declare yourself financially stable.

If you have debt, youll probably want to get rid of it. Not all debt is created equal. But youll need to sit down and look at your debts and make a plan to dump the debt thats not getting you closer to financial independence.

That definitely means getting rid of any high-interest rate debt. It certainly means clearing your name from any old, unpaid debts. It probably means dumping any consumer debt tied to depreciating assets. And it likely means having a plan to clear the debt on any productive business or investment assets.

Being debt free means you can enjoy greater freedom and independence in your life. And thats the whole point, isnt it?

Your long-term goal is to de-couple the expenses associated with your lifestyle from your need to work to pay for them. That happens when the income from your investments is sufficient to pay for them.

This happens in stagessmall at first and larger later. The first stage is to have your basic living expenses covered by your investment income.

That means your housing expenses, utilities, food, transportation, and insurance. When these basic needs of life are covered by your investment income youve attained a high degree of financial security.

When your current lifestyle expenses can be met with your investment income, youve reached the point of financial independence! Congratulations!

You can choose to disconnect yourself from work if you want to. But of course you might choose not to.

The key at this stage is simply to know that its up to you!

Its possible that you have some lifestyle goals which are beyond the lifestyle youre currently living.

This might be things you desire to buy, experiences you desire to have, or philanthropic goals you wish to meet.

If so, the important thing is to clarify these goals and fund them with your investment income. At that point in time, youre truly financially free in every sense of the word.

When you reach this stage of your financial journey, youve reached the most challenging stage of all. But it can be a very enjoyable challenge!

Youve accumulated wealth beyond the amount needed to fund your own lifestyle expenses with a comfortable margin of safety.

Now you have to decide how to responsibly manage the surplus. How will you allocate it productively while you control it? And who will control it when youre done with it? How will you assure that the money is used for good and not for evil?

Its a real challenge, but its one faced by all those who have faithfully and steadily built wealth throughout their lifetimes. Its the most important stage of all.

Continue reading here:

The 7 Stages of Financial Independence | Radical Personal …

The 7 Stages of Financial Independence | Radical Personal …

You cant go from broke to rich in a single step. Theres no magic fairy who will suddenly transform your financial life for you. You have to do it yourself.

But you can work your way through a path that leads to financial independence and complete abundance. That path has stages and you should celebrate your progress at every stage!

We all begin from a place of dependence on others. You may be a young adult transitioning from under your parents care to being self-supporting. Or you may have hit a rough patch in life as an adult and needed the help and aid of others.

Regardless where youre starting from, the first step is to transition from being dependent on others to being self-supporting and financially solvent.

The first stage of financial independence is to become financially solvent. This means that you are able to support yourself on your own income without the aid of others and that you are current on all of your bills.

There are many strategies that you can employ depending on your starting point. You may need to create an income for the very first time in your life. You may need to transition from an unreliable or low income to a bigger and better income. Or you may need some ideas to renegotiate your debts with your creditors.

It doesnt matter why youre behind. It only matters that you get your income to a point where its equal to or greater than your expenses.

Once youre current on your bills, you need to build a buffer account. Call it what you willemergency fund, rainy day fund, cash reserves, buffer accountthe purpose is the same.

Unexpected problems happen. Unexpected opportunities present themselves. Youll need money. If you dont have any money saved, youll fall behind on your bills and wind up in debt. Or you wont be able to take advantage of a perfect opportunity because you didnt have the cash.

First you figure out how much you need in the buffer account. Then you save it. Then you declare yourself financially stable.

If you have debt, youll probably want to get rid of it. Not all debt is created equal. But youll need to sit down and look at your debts and make a plan to dump the debt thats not getting you closer to financial independence.

That definitely means getting rid of any high-interest rate debt. It certainly means clearing your name from any old, unpaid debts. It probably means dumping any consumer debt tied to depreciating assets. And it likely means having a plan to clear the debt on any productive business or investment assets.

Being debt free means you can enjoy greater freedom and independence in your life. And thats the whole point, isnt it?

Your long-term goal is to de-couple the expenses associated with your lifestyle from your need to work to pay for them. That happens when the income from your investments is sufficient to pay for them.

This happens in stagessmall at first and larger later. The first stage is to have your basic living expenses covered by your investment income.

That means your housing expenses, utilities, food, transportation, and insurance. When these basic needs of life are covered by your investment income youve attained a high degree of financial security.

When your current lifestyle expenses can be met with your investment income, youve reached the point of financial independence! Congratulations!

You can choose to disconnect yourself from work if you want to. But of course you might choose not to.

The key at this stage is simply to know that its up to you!

Its possible that you have some lifestyle goals which are beyond the lifestyle youre currently living.

This might be things you desire to buy, experiences you desire to have, or philanthropic goals you wish to meet.

If so, the important thing is to clarify these goals and fund them with your investment income. At that point in time, youre truly financially free in every sense of the word.

When you reach this stage of your financial journey, youve reached the most challenging stage of all. But it can be a very enjoyable challenge!

Youve accumulated wealth beyond the amount needed to fund your own lifestyle expenses with a comfortable margin of safety.

Now you have to decide how to responsibly manage the surplus. How will you allocate it productively while you control it? And who will control it when youre done with it? How will you assure that the money is used for good and not for evil?

Its a real challenge, but its one faced by all those who have faithfully and steadily built wealth throughout their lifetimes. Its the most important stage of all.

See the article here:

The 7 Stages of Financial Independence | Radical Personal …

theFIREstarter – Financial Independence. Retire Early

Greetings!

Welcome to theFIREstarter! If you are interested in themes such as Financial Independence, Retiring Early, Downshifting, or simply just working less and living more then please stick around, I think well get on just fine

If all of that sounds right up your alley then you can follow along by:

Subscribing by EmailFollowing me on twitterSubscribing by RSS feed

If you’d rather have a poke around first then by all means do so! You can always subscribe later by using the link at the top right of the menu above.If you want to get the full story you can start from the very first post here or for a more casual read, just see what catches your eye on the list of all posts page.

My thoughts and plans have slightly changed in the few years since I set up the blog, you can learn a little bit more about me and the main points on what those plans were and how they’ve changed here, here, here, here and finally here.

If you’d like to keep a track of new developments, money saving tips, money making tips, my adventures in attempting self sufficiency and simple living, free financial hacks and spreadsheets, and my general musings on Financial Independence, Personal Finance, investing, and the occasional humorous rant, then please consider following along. Those links again:

Subscribe by EmailFollow me on twitterSubscribe by RSS feed

Thanks for visiting!

TFS.x

*FANFARE*

Its here! The long awaited No Lay Acca Guide!

With a great fixture list on this lovely Tuesday evening, I though Id go above and beyond for you guys and get it out in time.

To be honest, I dont think there is much in here that is revolutionary but hopefully it will give most people at least a couple of shortcuts and avoid some mistakes if theyve never done it before and wanted to give it a crack.

Im not going to literally do a step-by-step guide on how to do an accumulator because its horrendously easy. You just go onto OddsMonkey, select the bookie you want, then pick the matches on the list until you are happy with the odds and selections in there, and then offski to the bookmaker website and put the bet on. I am going to assume you are using the OddsMonkey website for choosing your Accas in this guide, because it is the best Matched Betting Software Ive found out there. Whats more they dont charge you extra for the extra features such as this No Lay Acca tool, whereas some of the other ones Ive seen out there tend to do that. If you use one of the other ones, I am pretty sure the software is very similar and the tips below all still apply, so carry on reading either way! If you havent signed up to OddsMonkey yet you can do so here: Sign up to OddsMonkey (

Read the rest of this entry

See the article here:

theFIREstarter – Financial Independence. Retire Early

theFIREstarter – Financial Independence. Retire Early

Greetings!

Welcome to theFIREstarter! If you are interested in themes such as Financial Independence, Retiring Early, Downshifting, or simply just working less and living more then please stick around, I think well get on just fine

If all of that sounds right up your alley then you can follow along by:

Subscribing by EmailFollowing me on twitterSubscribing by RSS feed

If you’d rather have a poke around first then by all means do so! You can always subscribe later by using the link at the top right of the menu above.If you want to get the full story you can start from the very first post here or for a more casual read, just see what catches your eye on the list of all posts page.

My thoughts and plans have slightly changed in the few years since I set up the blog, you can learn a little bit more about me and the main points on what those plans were and how they’ve changed here, here, here, here and finally here.

If you’d like to keep a track of new developments, money saving tips, money making tips, my adventures in attempting self sufficiency and simple living, free financial hacks and spreadsheets, and my general musings on Financial Independence, Personal Finance, investing, and the occasional humorous rant, then please consider following along. Those links again:

Subscribe by EmailFollow me on twitterSubscribe by RSS feed

Thanks for visiting!

TFS.x

*FANFARE*

Its here! The long awaited No Lay Acca Guide!

With a great fixture list on this lovely Tuesday evening, I though Id go above and beyond for you guys and get it out in time.

To be honest, I dont think there is much in here that is revolutionary but hopefully it will give most people at least a couple of shortcuts and avoid some mistakes if theyve never done it before and wanted to give it a crack.

Im not going to literally do a step-by-step guide on how to do an accumulator because its horrendously easy. You just go onto OddsMonkey, select the bookie you want, then pick the matches on the list until you are happy with the odds and selections in there, and then offski to the bookmaker website and put the bet on. I am going to assume you are using the OddsMonkey website for choosing your Accas in this guide, because it is the best Matched Betting Software Ive found out there. Whats more they dont charge you extra for the extra features such as this No Lay Acca tool, whereas some of the other ones Ive seen out there tend to do that. If you use one of the other ones, I am pretty sure the software is very similar and the tips below all still apply, so carry on reading either way! If you havent signed up to OddsMonkey yet you can do so here: Sign up to OddsMonkey (

Read the rest of this entry

Read more:

theFIREstarter – Financial Independence. Retire Early

financial independence / early retirement

Original Post

Alright, after the last round of comments (Thank You all for the input), I upgraded the budget and increased the food, college, vehicle maintenance, and health insurance expenses. The new annual budget is $70,100 and that’s living high on the hog to the point it would be very difficult to spend that much.

Based on a projected June 2019 investment account balance of $819K, current cash balance of $42K, and current annual rental income of $20K, my annual income will be $72,100 for the first 5 years of retirement. For that math, I used a 5.5% WR and supplemented my income for each of the first 5 years with $7K of the cash from my cash coffer. As I now understand the rolling Roth conversion, I’m going to pull $200K out of my TSP in 2019 so that by 2024, I’ll be able to access the $200k without paying the 10% penalty. If I withdraw a max of $25K/yr I’ll have an annual income of $90,000 that will last for a minimum of 8 years. In 2027, I’ll convert another $200K from my TSP which will then get me to 2043 where my deferred pension will kick in.

After the first 5 years of approximately $72K yr/annual income, my annual income will rise to ~90K, never fall under that, and will continually rise to $133k/yr by the time I’m 90…i.e. we should never run out of money. All of these numbers are just me sitting around the house and don’t include any side hustles or other income so I feel fairly confident in the cushion.

Now that the money side is straight, the next step is the psychological. With the conventional wisdom of “just stick around for 8 more years and get the pension” being oft repeated, it’s hard to walk away and leave what could have been. Quick math shows we’ll spend about $100K more in health care, leave about $1.2mil in retirement payments, and probably $50kish in perks…for a grand total of $1.4mil trade-off to retire 8 years early. 8 years doesn’t sound like all that much but 2,920 days sure does…

Even harder is my idea of retirement vs my family’s idea of retirement. I would be 100% content to full-time travel the U.S., Canada, Mexico, South America, and then over to Europe for a Europe/Africa trip for the next 4-5 years and beyond. Not only do I live to see new places and think it’d be fun, we could experience a ton with such a large spending budget. My wife isn’t totally on board with the idea as she wants the kids to have more of a traditional upbringing, go to a regular school, etc. While I’m thinking about how fun it’d be to learn to sail, buy a boat, and make way for the Bahamas, she’s thinking about school system ratings, orthodontist visits, and bake sales. The thought of staying in one place isn’t a deal killer but I’m also mindful of my wife’s proclivity toward assigning me tasks based on her own need to feel busy. No dear, I do not want to “do X chore”, I’m perfectly happy to binge on Netflix, play video games with the boys and their friends, or go lay under my old truck in the garage and restore it.

So where does that leave me? As a planner, I’m going to put all the pieces in place so that come 2019, I’m ready to pull the plug. In the meantime, I’ve started floating my resume to different hiring managers and agencies with the thought that maybe a change of scenery will revitalize things. It’s freeing knowing that I’m not driven by salary; no matter what I will not work anyplace that doesn’t give me at least 90% job satisfaction (if I work anywhere at all).

Thanks again to all the folks that took time to comment and add suggestions!

New Budget

Housing, Taxes, Insurance (200K house) $15,000.00

Food $10,000.00

Car Insurance $3,000.00

House maintenance $5,000.00

Health Insurance $7,500.00

Utilities $3,600.00

Kids expenses $3,000.00

Car Maintenance $1250.00

Phone plans $1,000.00

Internet $500.00

Holiday spending $750.00

Fuel $5,000.00

Entertainment/Vacations $5,000.00

College for kids $8,000.00

Hobbies $1,500.00

Business ventures for fun $1,500.00

Misc $2,500.00

Tithing $3,500.00

Total $70,100

See the original post:

financial independence / early retirement

financial independence / early retirement – reddit

This is a place for people who are or want to become Financially Independent (FI), which means not having to work for money.

Before proceeding further, please read the Rules & FAQ.

Financial Independence is closely related to the concept of Early Retirement/Retiring Early (RE) – quitting your job/career and pursuing other activities with your time. This subreddit deals primarily with Financial Independence, but additionally with some concepts around “RE”.

At its core, FI/RE is about maximizing your savings rate (through less spending and/or higher income) to achieve FI and have the freedom to RE as fast as possible. The purpose of this subreddit is to discuss FI/RE strategies, techniques, and lifestyles no matter if you’re retired or not, or how old you are.

FI/RE is about:

Discovering and achieving life goals: What would I do with my life if I didn’t have to work for money?”

Simplifying and redesigning your lifestyle to reduce spending. Your wants and needs aren’t written in stone, and less spending is powerful at any income level.

Working to increase your income and income streams with projects, side-gigs, and additional effort

Striving to save a large percentage (generally more than 50%) of your income to accelerate achieving FI

Investing to make your money work for you, and learning to manage/optimize those investments for the unique nature of FI/RE

Retiring Early

FI/RE is NOT about:

Gaining wealth for the purpose of excessive consumption

Taking the slow road, or the traditional road to retirement

Becoming financially independent requires hard work and a healthy attitude towards money, but also a degree of privilege. When participating on this subreddit, please be mindful of the ways in which you are lucky.

Please read the FAQ and Rules above, then feel free to share your journey or ask for advice!

Blogs sorted by Alexa rank (500k min)

Forums

More to read

Tools

Books / Resources

Reddit resources

Closely related subs

Regional FI/RE

Regional Personal Finance

Money subs

Lifestyle (frugal) subs

Continue reading here:

financial independence / early retirement – reddit

theFIREstarter – Financial Independence. Retire Early

Greetings!

Welcome to theFIREstarter! If you are interested in themes such as Financial Independence, Retiring Early, Downshifting, or simply just working less and living more then please stick around, I think well get on just fine

If all of that sounds right up your alley then you can follow along by:

Subscribing by EmailFollowing me on twitterSubscribing by RSS feed

If you’d rather have a poke around first then by all means do so! You can always subscribe later by using the link at the top right of the menu above.If you want to get the full story you can start from the very first post here or for a more casual read, just see what catches your eye on the list of all posts page.

My thoughts and plans have slightly changed in the few years since I set up the blog, you can learn a little bit more about me and the main points on what those plans were and how they’ve changed here, here, here, here and finally here.

If you’d like to keep a track of new developments, money saving tips, money making tips, my adventures in attempting self sufficiency and simple living, free financial hacks and spreadsheets, and my general musings on Financial Independence, Personal Finance, investing, and the occasional humorous rant, then please consider following along. Those links again:

Subscribe by EmailFollow me on twitterSubscribe by RSS feed

Thanks for visiting!

TFS.x

*FANFARE*

Its here! The long awaited No Lay Acca Guide!

With a great fixture list on this lovely Tuesday evening, I though Id go above and beyond for you guys and get it out in time.

To be honest, I dont think there is much in here that is revolutionary but hopefully it will give most people at least a couple of shortcuts and avoid some mistakes if theyve never done it before and wanted to give it a crack.

Im not going to literally do a step-by-step guide on how to do an accumulator because its horrendously easy. You just go onto OddsMonkey, select the bookie you want, then pick the matches on the list until you are happy with the odds and selections in there, and then offski to the bookmaker website and put the bet on. I am going to assume you are using the OddsMonkey website for choosing your Accas in this guide, because it is the best Matched Betting Software Ive found out there. Whats more they dont charge you extra for the extra features such as this No Lay Acca tool, whereas some of the other ones Ive seen out there tend to do that. If you use one of the other ones, I am pretty sure the software is very similar and the tips below all still apply, so carry on reading either way! If you havent signed up to OddsMonkey yet you can do so here: Sign up to OddsMonkey (

Read the rest of this entry

The rest is here:

theFIREstarter – Financial Independence. Retire Early


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