Opinion
I’m in my 40s and have no children and divorced some time back. I do have a home that I still have a significant mortgage on, which feels too much now on a single income. I have dabbled in shares, but I don’t really understand that world. When I was married we mostly bought properties, as that felt safer at the time. But now, at this stage, on a single income and at my age, I don’t know if I want to manage investment properties again. I did buy crypto some time ago, but ended up selling for liquidity. So, I’m unsure what the best way forward is, in terms of building up some wealth for my retirement.
Credit: Simon Letch
Let’s work backwards.
The first big goal financially for most people is achieving “financial independence”, better known as “retirement”. Retirement is not an age – it’s a financial position. The point at which your investments can comfortably fund your lifestyle expenses is the point at which you no longer need to earn an active income.
How do you achieve that? For most, this comes down to three core parts: your home, your su
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