Hi everyone! It’s been longer than I planned, and even this post is a life update rather than anything financial. My poor blog feels like the friend you keep meaning to speak to, but the longer that passes, the harder it is to reach out and say hi (or is that just me?) The Business I started the business in a rush of enthusiasm, before quickly realising what we already knew—I don’t have enough time! Clearly from my time study, there was no space to add a new activity, which is why blogging dropped off. I’m still enthusiastic about starting a business, still enjoying myself, and still have 1,624,377 steps to ... Show Me More!
For the first time since I started, I have nothing prepared for this week’s post. Note I say “prepared”—I have plenty of topics lined up that I want to write about, yet I haven’t committed to any of them. My online friends will also have noticed that I’ve not been commenting on blogs, nor Tweeting. What’s Going On? I’ve spoken about my job in the past. In 2016, I was employed as part of a project team to help roll out a new software system. It was due to go live 3 months after I started. I grant, this timeline was never going to be achievable, but there were reasons ... Show Me More!
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. Daily Spending Rate March. Sigh. I knew the health insurance was coming, so I also knew that this was going to be another month we wouldn’t meet our daily spending rate. We are a quarter of the year through, and it’s been normal life expenses that again have pushed us over. I’m feeling discouraged, ... Show Me More!
I tracked my time in February. This came about because I was feeling overwhelmed after returning to work. I had no time to do what I wanted! Last week, I explained how I prepared the time tracking data for analysis. This week is the fun part—digging in to what it can tell me about myself. If you’d like to dig into my data for yourself, you can play with the Tableau graph. The Big Picture First, let’s take a high-level overview of how I spent my 3 weeks. This is slightly skewed, as I had 2 Fridays off during this time. I play Dungeons and Dragons on a Friday night. ... Show Me More!
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. Daily Spending Rate I’ve been in avoidance mode all month, because it felt spendy from day 1. This mode is not helpful! We need to calculate our daily spending rate more frequently so we can make course corrections along the way. I will Tweet our DSR once a week as an accountability measure. This month ... Show Me More!