For this page I will leave the absolute dross that I talk on a usual basis and provide links and information explaining for concept of financial independence and actions that can be taken to achieve it.
What is financial independence?
Having enough assets that generate cashflows that will cover your cash outflows for a period of time (long term) without having to work.
FIRE (Financial Independence Retire Early) is achieving Financial Independence and leaving your line of work before pension age
How to Achieve Financial Independence?
Earn more than you spend, then invest the surplus into assets.
Links further explaining the concept and mechanics of financial independence:
https://ukpersonal.finance/flowchart (This is the most recommended link to look at! Providing step by step actions to achieve financial independence)
https://ukpersonal.finance/
https://theescapeartist.me/about/
https://www.mrmoneymustache.com/2013/02/22/getting-rich-from-zero-to-hero-in-one-blog-post/
https://www.moneysavingexpert.com/savings/investment-beginners/#needtoknow-1
My Posts on my take and strategy on Financial Independence:
Why achieve financial independence:
https://firebulluk.com/index.php/2022/03/10/why-fi/
Different levels of Financial Independence
https://firebulluk.com/index.php/2024/11/21/what-fi/
A Strategy Scenario of Financial Independence
https://firebulluk.com/index.php/2024/12/24/my-investment-strategy-explained-in-numbers-scenario-planning-example-to-100/