A bit about myself. I am a family man fast approaching forty and I have a goal to be able to retire by forty-five. Let me clarify what I mean by retire. By forty-five I want to be in the financial position where I will not need to work ever again and my family and I will have a comfortable life. Although, in reality I will not retire, because I would most likely die of boredom in under a year!
What I will really be doing is pursuing whatever passions I choose without having to worry about them needing to be profitable. It will also allow me to spend time with my family and look after my personal heath better, both things that have at times had to take a back seat to my work.
Firstly, it stands for Get Financial Independence Through Property. You have probably already guessed that the main theme is going to be about building wealth through property.
It is a place where you will hopefully be able to get some ideas on how to get ahead in the world, financially. It is aimed at people who do not earning large salaries nor have the security of wealthy families and who may think that it is not possible to ‘make it’ in this current world of increasing inequality and runaway house prices.
That said, what I discuss here will be equally valid to someone with an income of £30,000 per year as it would be to someone earning three times that. It’s all about the principles.
I am doing this for two reasons. The first is because when I started out on this path towards Financial Independence, I noticed something was missing online.
There seemed to be a whole lot of high earners (six figure incomes) talking about how they just cut back on a few Starbucks Lattes and threw the extra savings into an index tracker fund and Voila, they were retired at thirty-five.
Okay, so that may be a little flippant and there really is more to it than that, but you get my point. And whilst I am thinking more power to you for achieving what very few do, this just does not work for the majority of the world’s population. There has not been a lot of good content for the average middle to low-income earner.
I am not a high earner, not by a long shot. I do earn quite a bit more than I did when I first started out on this journey in 2012, but it is still on the lower end of the spectrum when compared to the majority of the bloggers out there.
The other reason I am doing it is because it holds me accountable. I have been a bit impulsive in the past and this is a great exercise to keep me on the straight and narrow, acting in some ways as a journal but also as a planning tool.
I honestly hope that anyone who reads through any of my posts will find at least one thing that either resonates with them or helps them move forward in some way. Please feel free to comment on any of the posts and engage in discussion. If you think I am wrong, please tell me (but keep it civil please), I am always open to changing my mind if presented with a compelling reason.