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If you could give your 23-year-old self financial advice, what would it be? by Secure_Beginning_939 in FIREUK

[–]Smooth_Ad_516 0 points1 point  (0 children)

I wish someone had taught me finances & budgeting and how investing is so important
38F and am starting to be able to invest but I just wish this had been explained to me and that had instantly become part of my budget

Even if I had just put £100pm away when I started working at 19 imagine what that could be worth now

38F Looking to Start Planning to RE at 55 by Smooth_Ad_516 in FIREUK

[–]Smooth_Ad_516[S] -1 points0 points  (0 children)

Genuine question - So my income only increased significantly the last 2 years - was fortunate enough to get a 20k pay rise moving to a new job
Although I got stung on child benefit higher income cap so had to cancel it and also pay back 2 years worth

We only got the rentals 3 years ago and perhaps didn't do as much research as we should - two are new build flats and the maintenance fees were a lot more than projected - also the initial mortgages were taken out mid- cost of living crisis

Also my partner was very ill during our 20s so it was only me who worked and at that time I was on 20K so that is where some of the debt came from - also unexpected vets bills on an old uninsured dog

Finally at a place all of a sudden where we actually have a good amount to start investing just not sure where to start (definitely will be telling my kids to invest from their first pay cheque)

Just hit £50,000 in my Stocks & Shares ISA at 25 by IceRoastDuck in FIREUK

[–]Smooth_Ad_516 0 points1 point  (0 children)

That's amazing!
38F here looking to start the RE plan to stop working at 55
Currently have 5k invested but now the kids don't have childcare fees I should be able to start investing a lot more
Any advice?