FIRE

It’s about time I introduced myself. Mr SavingNinja has mentioned that I was going to do an introductory post and maybe some further posting, so here I am, Mrs SavingNinja. I have been with my husband since the beginning of his financial journey, and I’ll admit that sometimes I have been hard to convince and sometimes (in the beginning) I wasn’t fully onboard. Hey, Big Spender My mum is a ‘SpendyPants,’ a great big giant one. My dad has always worked super hard, too hard sometimes! He worked his way up through a company before eventually becoming the joint owner when I was 14, whilst doing this he also worked on other projects for people well into the night and started his own business with my mum. ...

I had a graduate email me the other day to thank me for getting him on the path to saving early (awesome email!) He had one question though: How do you calculate your savings rate? I then realised that I’ve never really explained in a post how you should calculate your savings rate and how I’ve set up the SNSS (Saving Ninja Super Spreadsheet ) to calculate that figure. ...

In part 1 of The Boggy Marsh we discovered that there was a secret financial blueprint that would allow even lower-income individuals to get ahead; if only life was approached the correct way. Today we’re going to delve into the specifics. How exactly will careful planning and execution help aid your journey through The Boggy Marsh, and how big will the impact be? O(2^t+m). What does this icky Math formula mean? ...

I’ve always believed in the notion of going through life in the correct way. However ambiguous it may seem, when it comes to personal finance and FIRE in particular, there’s definitely a way in which it should be executed in order to maximise efficiency. Don’t Swim Against the Current Each adventure through life should, of course, start with amassing enough of a nest egg as early as possible, in order for it to compound for longer. Saving money should be of the utmost import to the graduate because as the years go by, saving will become harder. Not just because their expenses will increase with the burden of children and lifestyle inflation, but because they won’t be riding inside the tailwind of compound interest. ...

Do you want to learn how to retire early? A lot of people who first hear about the FIRE (Financial Independence / Retire Early) movement are put off by thinking that they need to know a boatload of information about investing and personal finance in order to benefit from the concept. These people sometimes ignore the movement, never to hear about it again without realising that they’d just stumbled upon a gold mine. ...