Many of us come to discover the concept of Financial Independence due to dissatisfaction with our work. We might be dreaming about the Retire Early component of FIRE, or we may be yearning to find a way of making a self-directed living aligned with our values. In the meantime, generally our jobs are the primary driver of our journey to FIRE. You can see in my older posts that I’d become frustrated with the job I was in. I’ve discovered over the years that if I don’t believe in what I’m doing, if I don’t see value and benefit, then my commitment drops. Obviously it’s harmful to me, but it’s ... Show Me More!
When I first looked at how to reduce our spending, I started with food. Unlike council rates, I could control how much we spent and it provided an easy win. But did you know that focusing on reducing food waste can provide wider economic, environmental and social benefits too? “It is estimated that Australian households throw away almost $4,000 worth of unused food each year.” – Hon Michaelia Cash and Hon Zed Seselja Why Fight Food Waste? Social Benefits “Eat your dinner. There’s starving children in Africa.” Anyone remember this oft-repeated phrase from my childhood? Although trite, food insecurity occurs in all countries, including Australia. Our food industry produces enough to feed ... Show Me More!
A month ago, I was feeling completely overwhelmed. We had returned to work after 2 weeks off, which triggered my feelings. Imagine it’s 26 degrees inside, and you step outside to a 28 degree day. It’s a bit warmer, but you adjust quickly. That is my normal working routine. Compare that to stepping outside into 47 degrees. You feel the full force of the sun boring into your scalp, trying to immolate you. That’s what returning to work after having time off felt like. I decided to complete a time study to see whether I truly didn’t have enough of it. The old saying “work expands to fit the time ... Show Me More!
Regular readers may remember way back in February, I mentioned that the opportunity to take a temporary job as a Business Analyst seemed to have arisen — as long as I was willing to do it for no extra pay. For those that don’t remember… An Exciting Opportunity From initiation, the project I am working for identified the need, and budgeted, for a business analyst (BA). Our business has a department of business analysts, so it was expected one of them would be brought into the project. At the time, they were all tied up, the business advertised the role externally as a contract. For reasons that are absolutely beyond ... Show Me More!
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! Yet another huge surprise this month because we stayed below our target. “Big deal, Mrs. ETT,” I hear you say. “Why wouldn’t you?” Because our food spending was “YUUUUUGE”. It was beyond yuge, it was stratospheric. ... Show Me More!