Couple on track to retire at 40 with £15,000 saved on wedding due to Covid


When Kristine Licuanan wasn’t able to have the big wedding celebration she was hoping for due to Covid restrictions, she and her partner decided to invest the money instead and it’s paying off

Kristine Licuanan
Putting money aside for her wedding has helped Kristine Licuanan to take early retirement

A woman whose marriage Celebrations were canceled due to covid decided to invest the money instead – and is on track to retire at 40.

Kristine Licuanan, 38, works as an IT consultant and lives in London.

She and her husband Gabor had a small-scale wedding in June 2019, attended only by their close family.

But they were also planning a big wedding celebration in June 2020 — until that was derailed by the pandemic.

The couple planned a big celebration where most of the guests would have flown in from all over the world, including Kristine’s native Philippines.

But Covid travel restrictions meant the event had to be canceled – leaving them with £15,000 and nothing to spend it on.

“During that time, we thought that money could either be in the bank or put in the stock market,” Kristine said.

Kristine Licuanan is aiming for early retirement


Kristine Licuanan)

In 2020, Kristine signed up with investment firm Freetrade – which, as the name suggests, allows users to invest without paying the normal trading fees.

The money she has invested has grown by around £7,500 since 2020, although she has also invested part of her salary.

Kristine invests in two ways with Freetrade – through a ‘general investment account’ and a stock and share isa, which allows users to invest up to £20,000 a year without paying tax on any investment income.

She said her aim is to use other investments to build up £1million and retire between the ages of 40 and 43, but she says that is “not set in stone”.

The goal is doable because she leads a frugal lifestyle and the couple have no children, she added.

Kristine researches and selects her own investments and said some of her favorites so far have been big tech companies like Apple, Google and microsoft.

“We’re hoping to have a big wedding celebration next year or this fall, but we don’t have any firm plans yet,” she said.

When you invest money, its value can go down as well as up, although it tends to rise over time when invested safely.

Last year, The Mirror reported how a father took early retirement Spend £4,700 on two casks of Scotch Whisky almost 30 years ago and sold it for a whopping £225,000.

Roger Parfitt, a 59-year-old bank manager from Coventry, said he would use the money to pay off his mortgage and retire three years ahead of schedule.

While Parfitt is no whiskey expert, in 1994 he spent £3,200 on a cask of single malt Macallan and a further £1,500 on a cask of Tobermory, hoping they would one day be worth more.

His windfall eventually paid off and the life-changing sale meant Parfitt made a 4,700% return and a profit of £220,300.

The money earned is also tax-free, as whiskey casks are classified by HMRC as a “wasting asset” and are not subject to capital gains tax.

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Fry Electronics Team

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