u/Own-Confidence7407

Hi friends,

I (28M) know I'll get a lot of hate for this post since I'm arguably in an amazing position, but I'm just questioning why I'm doing what I'm doing.

NW £725K broken down into:

Apartment: 365k

SIPP: 115K

S&S ISA: 40k

GIA: 120k

Cash: 10k

Crypto & other dubious investments: £75k

I'm saving so aggressively and working 75 hour weeks. For what? I don't even spend money regardless. I don't understand why I'm killing myself. All for what? To retire? And do what after retiring? I don't have all these luxurious plans and activities like all of the people that have FIRED. I don't know what I need to feel whole, but it's obviously not more money. Sorry for the rant

Hello friends,

I (27M) am moving out for the first time in a couple of months. I've owned an apartment for 6 years but have been renting it out. My tenants vacate shortly and I'll spend a bit of money sprucing it up and will move in.

I've never lived alone before so I just wanna run some numbers by everyone and see if it makes sense and how much it hinders by FIRE plans. Also, I acknowledge that I have been EXTREMELY lucky my mum let me live at home rent free and I was able to aggressively save. My father's financial infidelity is still traumatic for us so I'm saving especially aggressively because of it.

NW: 675k

Approximate yearly gross profit across companies: 100k (I max out my SIPP every year now)

Living Costs: Greater London for reference

Service Charge: £250

Food (incl going out to eat): £400

Car & Petrol: £100

Internet: £50

Utilities: £300

Council Tax: £150

Sport & Gym: £100

Insurance: £100

Therapy: £200

Piano Lessons: £100

Fun Money: £100

Provisions for travelling, new car, home repairs: £250

TOTAL PER MONTH: £2100

TOTAL PER YEAR: £25200

Hello friends,

I (M28) going to live by myself for the first time ever. I've been very fortunate to live at home until now so I have managed to save pretty much 90% of my earnings for the last 8 years.

I'm also very fortunate to have my own apartment which I'll be moving into in a few months. The tenants that were in there just gave their notice.

Here are my approximate monthly living costs. Please let me know if I'm forgetting anything.

Service Charge: £250

Food: £400

Petrol + Car Expenses: £150

Internet + Phone: £50

Utilities: £300

Council Tax: £150

Sports + Gym: £75

Travelling: £200 (this is apportionment for holidays, not for daily commuting. I wfh)

General household items: £25

Total: £1600 per month and £19200 per year

I have a limited company and make about £90k from it so I'll pay myself £12570 and a further £10000 from dividends to cover these yearly costs. This way I can still just about max out my SIPP too (60k).

Is this the most tax efficient way to deal with this? Am I missing anything out? I understand the difference between my yearly expenses and money coming into my personal account is little, but I can also rely on my existing emergency fund and easily accessible S&S ISA funds worst case scenario.

TIA