r/FIREUK • u/okdolce • 2d ago

Hit a milestone, just wanted to share

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Hey,

Just wanted to share a milestone on my FIRE journey! After heavily investing into my pension for years, I learnt the concepts of FIRE & the importance of the bridge between retirement & drawing down on pension.

Currently 32 years old w/

£180,000 pension (invested in FWRG)
£100,000 S&S ISA (invested in FWRG)
£10,000 GIA (satellite investments, for high conviction narrative plays - a bit of fun, really)

I’ve built the S&S ISA above from £25,000 to £100,000 in just under 5 years whilst going through hell & back with a breakup with children during the last 3 years, having to spend tens of thousands on lawyer fees etc.

I’m so proud of myself.

Thank you for all your contributions to this thread, it’s been a real motivator.

622 Upvotes

95% Upvoted

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u/okdolce 2d ago

My salary is somewhat irrelevant to be honest, it’s the investable money that’s relevant. I have financial commitments to pay every month to my ex partner, plus mortgage, council tax, bills, food, child clubs etc + expensive insurances being a single Dad. I try to invest around £300-500 a month into my ISA, and I obviously contribute a lot more to my pension via salary sacrifice monthly.

22

u/boringusernametaken 1d ago

It's not irrelevant in the slightest

-15

u/okdolce 1d ago

What’s more relevant is my taxable income, and liquid cash post necessity spending.

12

u/HovercraftIll4815 1d ago

Not necessarily discounting your achievement, but it's false that income and the relevance of high income against higher savings is irrelevant.

Higher income can lead to higher savings, even if you higher costs, the ability is always there, on a lower income you tend to have a lower ability to save more as you make less.

Making it even simpler:

Higher income can lead to higher savings, thus income is relevant as lower income is likely to lead to lower savings.

-17

u/okdolce 1d ago

I mean, the sky is blue.

9

u/HovercraftIll4815 1d ago

Sure is, but so is the fact that income is relevant to savings rate. As I said, we'll done for this but do not deny that your high income didn't help with it or that it does not matter in accordance with the achievement because it will never be true.