Is private school worth it?

Right now students up and down the country are studying away and taking their final A-Level exams. Mrs YFG and I have carefully observed the mortal panic of colleagues and friends as their kids sit their exams. Good results and the fruits of all the schooling will have paid off. Bad results and it will be…

How to budget like a Wall Street banker

Budgeting can be the most important step in successful financial planning. But the way we’re told to budget is usually counter-productive. The reason most budgets fail is that they are doomed from the start. They don’t work. People think about a typical month. Massively underestimating what they actually spend. The way I like to think about…

Mrs YFG’s FI philosophy

Mrs YFG here. It’s been a mixed bag for me working towards FI. I have a few years left. I was brought up with the idea that you always saved one-third of your money. The rest you could spend as you pleased. I did this until about the age of 16. After working nearly a…

I’ve got a confession to make

I’ve got a confession to make… I didn’t really FIRE (Financial Independence, Retire Early). I didn’t quit my job because I thought I was Financially Independent. Nor because I wanted to retire. In fact, I wasn’t even sure I wanted to quit. It was Mrs YFG who talked me into it. Why I quit my…

Drawdown: Lamborghinis and holidays

In my previous post I set out five reasons why I think annuities don’t deserve the bad press they get. In that post I focused specifically on the positives that are often overlooked in assessing annuities. I was challenged, both here and at Monevator, on setting out a similar style argument for drawdown. I think…

Annuities: Is their bad press deserved?

In short: No. I had planned-out an article with reasons why I think annuities don’t deserve the bad press that they get. But, in a fantastic guest post over at Monevator, Mark Meldon, a South West UK-based IFA, makes a far more eloquent case than I could. So instead, I’m going to cheekily piggie-back off…

Mrs YFG: on cutting my clothing spend by 90%

Mrs YFG here. This week I walked into a colleague’s office and remarked “nice coat”. Turns out it was £450, and is meant to look as expensive. This gave my colleague the opportunity to let loose. They weren’t happy. She had to drape her coat over the back of her chair. It had no loop…

Safe Withdrawal Rates: An Inconvenient Truth

Recently I’ve read up a lot on Safe Withdrawal Rates (SWRs). For those that haven’t come across the term, it’s a method used to find how much a retiree can withdraw from their portfolio of assets each year without running out of money before reaching the end of their life. The most famous SWR is…

Why We Write

It’s 1942 and Frank Capra is about to embark on his most challenging project to date. By this point Capra, one of the most influential American film directors of all time, had all ready conquered Hollywood. He had already won the Academy award for Best Director three times. And he’d produced, what would become, some…