Michael Houghton: 'From crypto to Christmas trees - five terrible investment decisions I made before reaching financial freedom'
Briefly

After discovering the FIRE (Financial Independence, Retire Early) movement in 2017, we made pivotal changes to our financial habits by reducing expenses and boosting our income. This newfound focus allowed us to start saving money consistently for the first time. However, as inexperienced investors, we encountered uncertainty about where to allocate our savings effectively, highlighting the challenges faced by many whose journeys into financial independence begin without prior investment knowledge.
Since discovering the FIRE movement in 2017, we have embraced a lifestyle focused on financial independence, drastically reducing our expenses and enhancing our incomes.
Transitioning into investing proved daunting for us newcomers, as we grappled with options for placing our savings effectively after adopting FIRE principles.
Read at Independent
[
|
]