Middle Aged Plan | Too late to FIRE??

45 yo attempting pivot from 9-5 career to an early retirement | Investing | Additional Income | Sport| Family & and life to enjoy on the journey | Possible ? ?

[Middle Aged Plan | Too late to FIRE?? @MiddleAgedPlan]

Thread…

Ending 2020 with a small pension, limited savings and realising that I'm going to be working till >65 years at the going rate was eye opening.

So I gave myself 5 years to sort my finances out and leverage ways to retire way before that. (1/5)
⬇️

[Middle Aged Plan | Too late to FIRE?? @MiddleAgedPlan]

@n00b_investor Until they all get heavily flavour or advertising restricted..

[Middle Aged Plan | Too late to FIRE?? @MiddleAgedPlan]

@saveandinvestuk Congrats, what was your subject.
Is that Cheltenham?

[Middle Aged Plan | Too late to FIRE?? @MiddleAgedPlan]

@inkmattic At least their 3rd funding round if my memory serves me.

[Middle Aged Plan | Too late to FIRE?? @MiddleAgedPlan]

@withplum Is there a log-in issue at present. Neither PIN or email working..

[Middle Aged Plan | Too late to FIRE?? @MiddleAgedPlan]

WFH and Ryder Cup on the radio.
It's going to be a good Friday.
#RyderCup

[Middle Aged Plan | Too late to FIRE?? @MiddleAgedPlan]

@TheSecretAcct I think WFH is more of a perk as you reach the age where you are likely to have school children, other outside responsibilities etc.

[Middle Aged Plan | Too late to FIRE?? @MiddleAgedPlan]

@hayleyinvests Would be very tricky for me to recover fully, if at all. Would certainly be working well past state retirement age (66 > 67)

[Middle Aged Plan | Too late to FIRE?? @MiddleAgedPlan]

So, now the money is out it's going to be deployed as an investment in a local business.

Happy to answer questions

[Middle Aged Plan | Too late to FIRE?? @MiddleAgedPlan]

CLOSED MY GIA

Yep, completely closed, with overall loss.

Why, and what I've learned. Thread

1) It wasn't tax efficient. Only after my £20k pa S&S ISA limit was reached should I have even considered it.

2) Unless you have time, and are financially savvy, don't pick stocks.

[Middle Aged Plan | Too late to FIRE?? @MiddleAgedPlan]

10) Don't try and time anything.

11) Automate; take both the hassle and emotion out of the process

12) Budget, and be honest with how much you can invest and realistic with what this can achieve in your timeframe

[Middle Aged Plan | Too late to FIRE?? @MiddleAgedPlan]

@AdamFinCoach I've ran two service based businesses before, both operating with 45 mile radius.
1) "Area" Fencing
2) "Area" Environmental

Both seemed to work well for search engines, memory and carry a bit of local kudos

[Middle Aged Plan | Too late to FIRE?? @MiddleAgedPlan]

@FreedomFinLB Awake no later than 05:30.

[Middle Aged Plan | Too late to FIRE?? @MiddleAgedPlan]

@BeeMoneySavvy Any idea what the numbers look like when the value of property is stripped out?

[Middle Aged Plan | Too late to FIRE?? @MiddleAgedPlan]

@makingmsimple Ltd Co in AUS or UK?

[Middle Aged Plan | Too late to FIRE?? @MiddleAgedPlan]

@WayBudo 2) Pharma companies don't 'prescribe'- that's clinicians based on risk/benefit in most instances. So I assume you infer that the medical profession as a whole acts under undue influence of pharma Co's?

[Middle Aged Plan | Too late to FIRE?? @MiddleAgedPlan]

@WayBudo 1) Products are benign? They include some of the most biologically active substances- carcinogens, reproductive toxicants, addictive and environmental potent. Or do you mean you don't believe in their efficacy.

[Middle Aged Plan | Too late to FIRE?? @MiddleAgedPlan]

@MrRee2323 @TheMoneyEarner1 I was gubbed pretty quickly by one site but others are OK so far. Only 2m in though...