In our two previous posts:
we considered the question: “If you can do it all over again, what will you do, or not do? If you can pass some inspiration to the next generation looking for financial independence, how will you light their FIRE? How will you help them in building FIRE?” In many ways, the path to good personal financial management is not difficult, and really revolves around a few core tenets, such as managing:
Emergency funds Insurance Savings and investments Getting on the property ladder Debt
Previously, we looked at the topics of Emergency Funds and Insurance, and touched on how the family, or financially independent parents in particular, can help their children get started on the path to FI or FIRE. Turning to attention to savings and investments next, we showed that while investments are usually regarded as a cornerstone for building a retirement nest egg,...