#SmartMoney | 28th Sept 2014

Will Lipovsky is living the dream and it all seems to have kicked off dramatically just two months ago: it just goes to show how quickly things happen on the interwebs.

I’m not quite sure what the catalyst was – you’d need to ask Will yourself – but there was a sudden surge in traffic and interest in his blog a couple of months ago and it seems to have coincided with the publication of this article on LifeHacker.

“Hah,” I thought to myself, as I dunked another biscuit into my coffee (no it’s not a disgusting habit, it’s a religion), “we should all be so lucky!”

However, when I started reading some of his blog posts on First Quarter Finance, that quickly changed to,

“Damn, we should all be so excited about life!”

He’s talented too… makes you sick, doesn’t it? It turns out Will holds down a full-time job as a bank analyst, he helps his parents on their farm and he STILL finds the time to spend blogging, guest-posting and replying to the huge number of comments he receives.

Lord knows I was hoping the pain would stop there, but he writes in an informative, entertaining and engaging style too. And to rub salt into the already gaping wound, he even walks the walk: he saves 85% of his income and has serious plans to retire by 30… six short years from now.

So my advice to you is DON’T go to his blog (that’s www.firstquarterfinance.com in case you missed it the first time), DON’T be inspired by his energy and his infectious enthusiasm, and whatever you do, DON’T allow his easy writing style to influence you or give you ideas about financial independence and early retirement yourself: you’ll end up bitter and envious that you didn’t start as young as he did, and you will be angry that you’re not milking life for every bit of fun and excitement you can squeeze out of it.

You have been warned…


Another blog which caught my eye this week was a breakdown on Daily Finance about why The Early Retirement Fantasy is such a misguided concept, and which pointed out that extreme budgeting means cutting back on unnecessary expenses (is that news to anyone?), which claimed that you can’t live in the present if you’re investing heavily in your future (I really hope some Mustachians are reading this), which went on to claim that your quality of life post-retirement will be severely restricted due to the paltry amount of money you’ve saved up during your short working life (you’re missing the point…), and ended the comedy routine on a high by concluding:

“While extreme budgeting in the name of achieving of early retirement may sound appealing, the reality is that the drawbacks far outweigh the benefits.”

Thankfully there was a comments section at the end of the article…


A subject dear to my own heart is educating the younger generation in financial literacy to ensure they don’t spend their lives in debt, so I was delighted to read an article on One Cent At A Time entitled Talking About Finance to Your Teenage Girl, discussing the importance of parents helping their children to understand money from an early age.


Finally, Richard Dyson’s piece in The Telegraph informed us that The Average Working Life Isn’t Long Enough to Pay for a House  and paints a pretty grim picture of the UK housing market, where older home-owners are being forced to work longer in an effort to pay off their mortgages and younger would-be home-owners cannot afford to get onto the property ladder due to high prices.

Here again, the comments section made for interesting reading (as you might expect) and there were plenty of differing opinions about the state of the UK property market, the causes of the problems and how they should be tackled.

What were your favourite articles this week? If you enjoyed reading this post or any of the articles mentioned above, please subscribe and leave a comment below.