My Journey to Financial Independence in the UK

Woah, Woah, Woah… Hang on a minute. This isn’t a real SavingNinja post; this is a page disguised as a post! I’ll be keeping this page updated every month and you can now find it under the ‘Savings’ menu option at the top of the site.

I’ve been tracking my journey to financial independence since August 2018 and publishing the full details on SavingNinja every month. Below, you can find all of my Savings Reports below along with some interactive charts which will automatically update each month.

Subscribe now to keep up to date with my progress and get exclusive access to all of my spreadsheets and charts for your own personal use.

February 2022 – £290,564 (+£670)
January 2022 – £289,894 (-£15,649)
December 2021 – £305,543 (+£6,698)
November 2021 – £298,845 (+£11,224)
October 2021 – £287,621 (+£11,060)
September 2021 – £276,561 (+£4,873)
August 2021 – £271,688 (+£9,415)
July 2021 – £262,273 (+£3,171)
June 2021 – £259,102 (+£10,768)
May 2021 – £248,334 (+£12,334)
April 2021 – £236,000 (+£30,421)
March 2021 – £205,579 (+£8,326)
February 2021 – £197,253 (+£2,542)
January 2021 – £194,711 (+£1,328)
2020 Reviewed
December 2020 – £193,383 (+£4,166)
November 2020 – £189,217 (+£17,383)
October 2020 – £171,834 (-£4,239)
September 2020 – £176,073 (+£814)
August 2020 – £175,259 (+£5,639)
July 2020 – £169,620 (-£6,076)
June 2020 – £175,696 (+£4,380)
May 2020 – £171,316 (+£18,449)
April 2020 – £152,867 (+£17,997)
March 2020 – £134,870 (-£6,116)
February 2020 – £140,986 (-£204)
January 2020 – £141,190 (+£6,300)
2019 Reviewed
December 2019 – £134,890 (+£10,312)
November 2019 – £124,578 (+£9,912)
October 2019 – £114,666 (+£2,665)
September 2019 – £112,001 (+£6,083)
August 2019 – £105,918 (+£1,370)
July 2019 – £104,548 (+£6,972)
June 2019 – £97,576 (+£7,315)
May 2019 – £90,261 (+£3,337)
April 2019 – £86,924 (+£6,732)
March 2019 – £80,192 (+£4,369)
February 2019 – £75,823 (+£4,601)
January 2019 – £71,222 (+£5,595)
2018 Reviewed
December 2018 – £65,626 (+£1,228)
November 2018 – £64,398 (+£4,191)
October 2018 – £60,206 (+£2,073)
September 2018 – £58,133 (+£3,573)
August 2018 – £54,560 (+£2,976)

Learn how to Save for Financial Independence

Are you thinking of taking early retirement? Do you want to accelerate your FI journey to the maximum of your ability? Retire years earlier than your peers? Saving well is the key to achieving financial independence. Below I’ve collected the best resources from this site and elsewhere which will allow you to increase your savings drastically and get closer to your FI dream.

What is FIRE?

If you don’t know what FIRE Financial Independence Retire Early actually means then start here.

Find out how people are planning to take early retirement at 40 or lower and how you can too.

What is FIRE financial independence retire early?

How to Calculate your Savings Rate

Learn how to calculate your savings rate when aiming for financial independence. There is one thing that matters most; getting the Maths right! You don’t want to end up having to go back to work if you choose to retire early.

Figure out how to do the Maths or use the premade compound interest calculator for Google Sheets and Excel here.

How to calculate your savings rate for financial independence.

The Boggy Marsh Part 1 and Part 2

The secret financial blueprint that a lot of financial independence bloggers don’t talk about; time! Read this detailed two-part series which explores how important time really is when aiming for FI.

If you’re young or trying to convince a young friend to start their FIRE journey, definitely check this one out!

The secret financial blueprint for saving for financial independence retire early.

How to Bridge to your Pension

The question I see crop up the most from fresh FIRE pursuers is “How do I retire early when I can’t access my pension until 55?” As over half of my savings are going into my pension that’s the main question readers ask me.

This article will answer that – find out how I’m going to bridge to my pension and how you can too.

You could be working DECADES extra if you decide to not save into your pension, so this is a must-read!

How to bridge to your pension when you retire early.

How to Increase your Savings Rate

Last year I saved over 80% of my salary. A high savings rate will make achieving your financial independence dream a reality in no time!

Read this article to find out how you can increase your savings rate without reducing your quality of life.

How to achieve a really high savings rate.

How to Work in the City on a Budget

Do you think living in an expensive area like London or the South East of England will restrict your ability to save for financial independence? Wrong!

I own a home in the South East and work in London and live on £10k per year. Read this article to find out my best money-saving tips whilst working in the city!

How to live in an expensive city on a budget. Living in London on a budget.

FIRE Orientated Budgeting Spreadsheet

The first step in your financial independence journey should be to create a budget. You need to know what you’re spending your money on in order to save more and understand how much you’ll need in order to be FI.

Read this article to find out how to use the beautiful Saving Ninja budgeting spreadsheet and calculators.

Download the excel personal budget template or use it directly within Google Drive. You can use the spreadsheet for bills and everything in your household budget monthly or annually along with a dynamic FIRE calculator baked into each spreadsheet.

FIRE financial independence retire early budgeting spreadsheet.

Super Saving Spreadsheet for Financial Independence

Get access to a full financial independence FIRE dashboard with access to over 15 charts made with Google Sheets and Google App Scripts.

Track your FIRE journey meticulously with this super-spreadsheet or grab an Excel downloadable with Excel FIRE calculators written in VB code.

FIRE financial independence retire early savings spreadsheet. Google drive charts. FIRE dashboard.

Should you Include your House in your Net Worth?

Find out why you’ll be working years extra if you don’t include your house in your net worth and why including it is vital to the Maths of financial independence.

Including your house in your net worth when saving for financial independence.

How Anyone can get a Student Discount

Did you think that you needed to actually study to be a student? Find out how anyone can get a student discount and get access to all of their juicy deals like 10% off Macbooks or 50% off Amazon prime!

Note: the vendor described in this post is no longer accepted as an educational institution, but with a little savvy-ness, you should be able to find a qualifying one.

How to get a student discount when you're not a student.

Being Rich has nothing to do with your Salary

This was one of the first articles that I’d ever written (even before SavingNinja came into existence.)

In it, you’ll find out about my strong philosophy of what it means to be rich and why you should care.

Following these philosophies is what allowed me to detach myself from the materialistic norm and focus hard on saving instead.

Being rich has nothing to do with your salary.

Spending less Makes you Happier

This article again predates the age of this website. I talk about how I believe that spending less money makes you happier.

I’ve since debunked this notion a little with the discovery that I need to spend more in some cases to maximise my happiness but all of the points made in this article still ring true.

Spending less makes you happier.

This is a Saving Ninja pillar post – it will be periodically updated as new content is written on the subject.


7 thoughts on “My Journey to Financial Independence in the UK

  1. Hi,
    Great year, I’m about to start investing in Vangaurd funds out of interest what would be your approach if you were starting your ETF portfolio in 2020, I know it would not be advice I’m just a bit stuck on which funds to choose. Also are you still EW betting?

    1. My approach is and always will be a 100% stock world passive index fund. Vanguard LifeStrategy 100% Equity is my current choice but everyone’s circumstances are different so you may need to adjust your bond allocation. I recommend reading Tim Hale’s Smarter Investing.

      I’m currently not EW betting as I’m focusing on my career this year.

  2. A lovely summary post – I see a few articles I missed last year I need to catch up on. Do you consider 100% equities within your risk tolerance or you are young enough it doesn’t matter in the longer term?

    Also what software do you use for the graphs? They are very sexy 🙂

    1. Thanks!

      Yeah, I’ll be looking to overshoot my FI number by quite a bit anyway so I’m not worried about my portfolio being 100% equities. I plan to keep that allocation into retirement.

      Graphs are just plain old Google Sheets 🙂

      1. Ah, a wise move then – I’ve shifted more into bonds lately as the volatility was slightly unnerving me (not that I’m complaining about the 20% uplift). 100% equities in retirement though, brave choice! 🙂

        Thanks for the graph info, I will have to go play with Google Sheets some more…!

  3. I just read your April 2020 update and agree that it feels very odd that markets continue to make gains despite most of the world still being in lockdown. This sort of thing just serves to remind me that there is no use in trying to time the market. The old ‘time in the market beats timing’ adage springs to mind!

    Looks like you are smashing your FIRE journey at the moment. I can see that you have just 2.3 years to go. You are certainly closer than me – congratulations! What’s your target out of interest?


    1. Thanks for your kind words. My target is currently £12k per year, or, £300k net worth. Although I expect to overshoot this in a ‘wind-down’ period.

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