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Begin to Invest 1 – What Are Our Goals?

In 2015, I happened across the Financial Independence Retire Early (FIRE) movement. I wasn’t actively looking for direction in our financial life, but I had been living with a vague discomfort that we could be doing more. FIRE galvanised me to once again take control of our money. In 2016 we tracked spending, and saved an emergency fund. The next step was beginning to invest – but how? The idea of investing was scary. There are so many options, traps and pitfalls for the unwary that I wanted to be fully prepared before we started. This series of posts is about the resources we used, and the steps we took … Show Me More!

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February 2017 Spending and New Habits Update

After our expensive year in 2016, we set ourselves a goal to reduce our spending by 10% in 2017. We want to do this because it has a double effect. Firstly, it frees up more money to invest for our future. Secondly, if we can live on less, then it brings that future much closer. In 2016, we spent $80,000. To generate that using passive income and the 4% rule, we would need $2,000,000 invested! February was an extraordinary month, where routines and norms went out of the window. Each day was trying to cope with the increasingly unpleasant surprises that come with failing health. Real life stopped, including cooking … Show Me More!

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Time of Change

Initially, this was meant to be a blog about time. How we wanted to spend it, how we could get more of it to spend how we wanted. It’s morphed into personal finance, because the truth of industrialised countries is that you need money to buy time. Of course, we all know that you can’t actually buy EXTRA time. We all have an unknown, set number of years, months, days and hours. For an anxiety inducing graphical representation of the time you possibly have, Wait But Why produced handy checkboxes here. Even though we measure time as a fixed entity, our perception of it changes. Bored? Time stretches out forever. … Show Me More!

Banner 2017 Spending Review

January 2017 Spending and New Habits Update

After our expensive year in 2016, we set ourselves a goal to reduce our spending by 10% in 2017. We want to do this because it has a double effect. Firstly, it frees up more money to invest for our future. Secondly, if we can live on less, then it brings that future much closer. In 2016, we spent $80,000. To generate that using passive income and the 4% rule, we would need $2,000,000 invested! via GIPHY How did we do for January? Our daily spending rate goal was $194.34. We only spent $131.40. One month down, but I’m not becoming too cocky – February only has 28 days, and we … Show Me More!