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January 2018 Spending and New Habits

In 2017, we spent $64,000 on everyday expenses. In 2018 we have the goal to be able to live off one wage, or $60,000. To generate that using passive income and the 4% rule, we’ll still need $1,500,000 invested! Every dollar less we spend is another dollar we don’t have to save up for in retirement. Not a good start to the year. Our Net Worth dropped and the number of days to retirement increased. Let’s hope we can turn it around! Daily Spending Rate Armed with our new goal, we immediately had a massive spending month. Even including our holiday, in 2017 we only spent $193 a day. This ... Show Me More!

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Here We Go Again—My Overwhelm Post for 2018

Here we are again—I’ve written about feeling overwhelmed before, and it appears that I didn’t learn my lesson back then, so it’s time for a revisit. It’s probably worth noting that I’ve been awake since 3am while I’m writing this, so my emotions are a little fragile. I have been back at work for less than a month, and I’m already feeling overwhelmed with the lack of time I have to do what I want. It’s a huge shock to my system to have gone from 2 weeks of essentially doing nothing, to going back to being out of the house for twelve hours a day, 5 days a week. ... Show Me More!

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December 2017 Spending and New Habits

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! Happy New Year! December is the party month and the holiday month and the spending-on-gifts month. Surprisingly, this didn’t lead to as big a blow-out as I was expecting. This is partially because we managed ... Show Me More!

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Merry Christmas 2017!

Despite all of my bah-humbug, I’d like to wish everyone reading a Merry Christmas, Happy Holiday, and goodwill to all people. Special thoughts go out to those who are having a hard time right now, whether it be through illness, loss of a loved one, or loneliness. I also extend my appreciation to people whose jobs require them to work over Christmas. Thanks for keeping our essential services running. Mr. ETT and I are busy cleaning, preparing, arguing about the air conditioning… and loving having time to ourselves. See you all in 2018, when we’ll be another year closer to FIRE! ... Show Me More!

Banner 2017 Spending Review

November 2017 Spending and New Habits

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! This was the month I had a meltdown, fell off the wagon and generally decided I didn’t want to adult any more. Thankfully it began to pass after a couple of weeks, but I’m still ... Show Me More!