I'm watching on catch up – my why is to learn how to invest and invest, save for my retirement, save for travel overseas, save for house (if applicable) and pay off fast. Stop worrying about money and teach my children about money so they can be FF.
Hi. For categories..I have children who cost me a lot in clubs (drama, football, hockey, cricket). Would this go in Entertainment? I think it might really skew the data and make me think I am doing too much fun stuff! Also, what about tutors? I'm wondering if I should take a category out like Entertainment and merge with eating out so I can have a kids club/tutor category. What are your thoughts please Alan and Katie?
Did you say you cover student debt and how that falls into your tracker later in the course? Cause student loan is a lot, but you’ll most likely never pay it all off!
I watched week 1 and thought to myself – I wonder if Katie is an actuary (I used to be a headhunter in the pensions and investments actuarial market many, many years ago!) so I am delighted to watch this video and get confirmation that my thoughts were accurate!
The why – I would love to feel in control and actually be aware of my spending (I have never really looked through my bank accounts before in detail), and I would like to reach 'Coast FIRE' by 55 years old and enjoy the freedom of choice in career and how I spend my time.
A friend introduced me to your course and I am finding it SO valuable already! I was just wondering – what do you do for your net worth tracker if you have some joint items and some individual items? I filled out the tracker for myself with my pension and savings, but I also included my house, which is a joint valuable liability with my husband. Should I only include 50% of its value as technically it's only 50% mine?
Whilst I’m on your amazing course I have a pension question please. I’m self employed with a pension with nutmeg. Should I keep that or open a SIPP instead?
Such a great course, very excited about the journey ahead! I have a couple of questions:
1. Do private pensions fall under SIPP? If not, do they still go under freedom fund? 2. My partner and I split our mortgage, if I’m doing my own net worth calculation do I just input half the market value and half the mortgage?
I am working through the course as a retired (Financially Independent) person. How is tax calculated in Net worth ie from my Sipp in drawdown. Do I need to capture it? Brilliant W2 I have established via net worth xls, I have an additional 10K per year of FF available, if I want to use it..
After listening in on these videos and getting some one off financial advice I am really starting to adjust my views.
I was dead set on paying off our mortgage, it was a heart over head decision definitely. In my mind freedom was coming in about 5 years when mortgage would be paid off and we'd have options.
This year has been turned on it's head. We're divorcing and dividing. I was in sheer panic just a month ago. I've got to buy something, it's going to be a tiny place (no problem here, I know I can live small) But purchasing, whilst leaving me with no housing cost, was leaving very little to invest – which given that I have no pension and savings of circa £10k this is a problem.
The FA (was trying to sell me other services which was why it was a free appt) asked me if I've ever mapped out all the options.
So I gave it a go. I had a column for if I bought this tiny property, a column for renting and a curveball of a purchasing a park home.
I can now see for the first time ever, in black and white, the benefits of renting. I have had it drilled into me from childhood you must not rent, it's throwing away money, paying someone else's mortgage, you must buy. But there are other options out there.
I have no debt, a small car I own outright and a slowly growing small business. Once our house is sold I will have a nice lump sum to get me on the right path (whilst also allowing me to live a little)
Stress levels (over finances at least!) have dropped. No longer waking up in complete panic over the future.
My why… To learn to stop squandering and actually save some money. I have everything I need now so have the cash spare to actually get it working for me.
Really grateful for this course so far, exceptionally happy having worked out my networth, though now wanting to sell my house to free up the money !!!!!
26 comments
I'm watching on catch up – my why is to learn how to invest and invest, save for my retirement, save for travel overseas, save for house (if applicable) and pay off fast. Stop worrying about money and teach my children about money so they can be FF.
Hi. For categories..I have children who cost me a lot in clubs (drama, football, hockey, cricket). Would this go in Entertainment? I think it might really skew the data and make me think I am doing too much fun stuff! Also, what about tutors? I'm wondering if I should take a category out like Entertainment and merge with eating out so I can have a kids club/tutor category. What are your thoughts please Alan and Katie?
Did you say you cover student debt and how that falls into your tracker later in the course? Cause student loan is a lot, but you’ll most likely never pay it all off!
I watched week 1 and thought to myself – I wonder if Katie is an actuary (I used to be a headhunter in the pensions and investments actuarial market many, many years ago!) so I am delighted to watch this video and get confirmation that my thoughts were accurate!
35 working all my life no money saved and 5000 debt I want to find the freedom af not working all my life and spend time with my kids
Freedom to travel again
The why – I would love to feel in control and actually be aware of my spending (I have never really looked through my bank accounts before in detail), and I would like to reach 'Coast FIRE' by 55 years old and enjoy the freedom of choice in career and how I spend my time.
A friend introduced me to your course and I am finding it SO valuable already! I was just wondering – what do you do for your net worth tracker if you have some joint items and some individual items? I filled out the tracker for myself with my pension and savings, but I also included my house, which is a joint valuable liability with my husband. Should I only include 50% of its value as technically it's only 50% mine?
Whilst I’m on your amazing course I have a pension question please. I’m self employed with a pension with nutmeg. Should I keep that or open a SIPP instead?
I want therefore my why – is to not go on holiday, home or abroad, and not always go for the cheapest option – though that helps of course.
Would you say it’s worth having a buy to let property to grow the freedom fund?
Such a great course, very excited about the journey ahead! I have a couple of questions:
1. Do private pensions fall under SIPP? If not, do they still go under freedom fund?
2. My partner and I split our mortgage, if I’m doing my own net worth calculation do I just input half the market value and half the mortgage?
Thanks!
My Y is to retire at 53 as my husband will be 67
I am working through the course as a retired (Financially Independent) person. How is tax calculated in Net worth ie from my Sipp in drawdown. Do I need to capture it?
Brilliant W2 I have established via net worth xls, I have an additional 10K per year of FF available, if I want to use it..
After listening in on these videos and getting some one off financial advice I am really starting to adjust my views.
I was dead set on paying off our mortgage, it was a heart over head decision definitely. In my mind freedom was coming in about 5 years when mortgage would be paid off and we'd have options.
This year has been turned on it's head. We're divorcing and dividing. I was in sheer panic just a month ago. I've got to buy something, it's going to be a tiny place (no problem here, I know I can live small) But purchasing, whilst leaving me with no housing cost, was leaving very little to invest – which given that I have no pension and savings of circa £10k this is a problem.
The FA (was trying to sell me other services which was why it was a free appt) asked me if I've ever mapped out all the options.
So I gave it a go. I had a column for if I bought this tiny property, a column for renting and a curveball of a purchasing a park home.
I can now see for the first time ever, in black and white, the benefits of renting. I have had it drilled into me from childhood you must not rent, it's throwing away money, paying someone else's mortgage, you must buy. But there are other options out there.
I have no debt, a small car I own outright and a slowly growing small business. Once our house is sold I will have a nice lump sum to get me on the right path (whilst also allowing me to live a little)
Stress levels (over finances at least!) have dropped. No longer waking up in complete panic over the future.
My why… To learn to stop squandering and actually save some money. I have everything I need now so have the cash spare to actually get it working for me.
How do i download the net worth spreadsheet
I want to be competent and manage the household accounts like a grown up
Really grateful for this course so far, exceptionally happy having worked out my networth, though now wanting to sell my house to free up the money !!!!!
Freedom – choosing when to work and being able to travel whenever I want.
Hello, good morning. I have two companies. When calculating my net worth, should I include the companies or just my personal assets and debts?
Thank you very much.
Brilliant episode 3!! Building my freedom fund 🥰
Building emergency fund.
How do I watch the Q&A sessions are they on utube too?
This course is fantastic! I’m gaining so much knowledge, and it’s truly empowering. I can't stop recommending it!
for freedom and securing our future