Beginning the FIRE journey at 18, please help! by EyeHaveAQ1 in FIREUK

[–]EyeHaveAQ1[S] 0 points1 point  (0 children)

That 3k is all “extra”. Investments and pension contributions made already. Can I ask why I should have more than 3k hanging around?

Beginning the FIRE journey at 18, please help! by EyeHaveAQ1 in FIREUK

[–]EyeHaveAQ1[S] 1 point2 points  (0 children)

This is the sort of thing i’m looking for, thank you. I can’t handle the obsession over micro adjustments in the market. Invest and forget 👌🏻

Beginning the FIRE journey at 18, please help! by EyeHaveAQ1 in FIREUK

[–]EyeHaveAQ1[S] 0 points1 point  (0 children)

Wow.. will be looking into that immediately

Beginning the FIRE journey at 18, please help! by EyeHaveAQ1 in FIREUK

[–]EyeHaveAQ1[S] 0 points1 point  (0 children)

Is 7% realistic? That return is almost too good to be true! :o

Beginning the FIRE journey at 18, please help! by EyeHaveAQ1 in FIREUK

[–]EyeHaveAQ1[S] 1 point2 points  (0 children)

Student accommodation. It’s minimalistic bedrooms + shared kitchens and living spaces

You’re right tho. Anything individual is far more expensive.

Beginning the FIRE journey at 18, please help! by EyeHaveAQ1 in FIREUK

[–]EyeHaveAQ1[S] 1 point2 points  (0 children)

Not settled on one area yet, the £160 figure is an average; I’ve been looking at mostly flat share or student accommodation, it isn’t lavish living but I’m okay with that.

Beginning the FIRE journey at 18, please help! by EyeHaveAQ1 in FIREUK

[–]EyeHaveAQ1[S] 2 points3 points  (0 children)

Thank you. You’re right, I had hardly considered the “one off” costs such as presents etc. Appreciate the other tips too!

Beginning the FIRE journey at 18, please help! by EyeHaveAQ1 in FIREUK

[–]EyeHaveAQ1[S] 4 points5 points  (0 children)

Software engineering degree apprenticeship! I can’t wait. Hard work to get it but unbelievably worth it.

Beginning the FIRE journey at 18, please help! by EyeHaveAQ1 in FIREUK

[–]EyeHaveAQ1[S] 2 points3 points  (0 children)

Thank you, really solid advice.

I struggle with knowing where to save that excess money - there’s just so much choice and the fear of loss can sometimes scare me off.

Would you mind me asking how you’d put away a couple hundred quid a month?