Manchester FIRE Meet - after action report
Posted: February 22nd, 2020, 12:14 pm
So about 14 People turned up yesterday at the Salutation Pub in Manchester
Gez, Martin and myself who post on Lemonfool were present.
Also present from the blogging world were
FIUK Money (Francesca and Noel)
Quietly Saving (Weenie)
The Squirreler (Cath)
It was expertly chaired by Danny
In a bit of a change from previous events which were mainly a social meet up we had a quiet room upstairs.
It devolved into a round table discussion as people introduced themselves and Weenie gave a brief talk on her FIRE journey
Topics were many and varied in no particular order/importance.
(Please forgive me if my remembering is a bit vague or I’ve missed something)
- The idea that a lot of IFAs are not adept at looking after people’s investments and it is important to take responsibility for yourself
- Why some people may keep working part time even though they have financial independence
- Investment Trusts and world trackers seem to be popular
- A bit on Cryptocurrencies and why selling 2 bitcoin for still £400 a while ago still felt like a win
- High yield investing to retire very early
- The behaviour of some of the banks towards businesses during the banking crisis (not good - to the point of deliberately bankrupting them)
- Contracting and the new rules to stop tax avoidance
- The joy of automatically just saving from your wages and just buying a world tracker to save time/effort
Oh and Match Betting as a side hustle as a way of getting income. People were very intrigued about this.
So an excellent evening - I really enjoyed it and I think other people did as well
Cycling home into a howling gale and driving rain wasn’t fun but I am sure it was good for my soul at some level
I’ll post the date of the next meeting here - it will probably be in 2-3 months
Matt
Gez, Martin and myself who post on Lemonfool were present.
Also present from the blogging world were
FIUK Money (Francesca and Noel)
Quietly Saving (Weenie)
The Squirreler (Cath)
It was expertly chaired by Danny
In a bit of a change from previous events which were mainly a social meet up we had a quiet room upstairs.
It devolved into a round table discussion as people introduced themselves and Weenie gave a brief talk on her FIRE journey
Topics were many and varied in no particular order/importance.
(Please forgive me if my remembering is a bit vague or I’ve missed something)
- The idea that a lot of IFAs are not adept at looking after people’s investments and it is important to take responsibility for yourself
- Why some people may keep working part time even though they have financial independence
- Investment Trusts and world trackers seem to be popular
- A bit on Cryptocurrencies and why selling 2 bitcoin for still £400 a while ago still felt like a win
- High yield investing to retire very early
- The behaviour of some of the banks towards businesses during the banking crisis (not good - to the point of deliberately bankrupting them)
- Contracting and the new rules to stop tax avoidance
- The joy of automatically just saving from your wages and just buying a world tracker to save time/effort
Oh and Match Betting as a side hustle as a way of getting income. People were very intrigued about this.
So an excellent evening - I really enjoyed it and I think other people did as well
Cycling home into a howling gale and driving rain wasn’t fun but I am sure it was good for my soul at some level
I’ll post the date of the next meeting here - it will probably be in 2-3 months
Matt