This is not the post I was planning on writing for you today. According to my calendar, I should be delighting you with the simplicity of asset allocation. Instead, I find myself tired and lacking motivation. The path to financial independence is sloooooow. We are looking at 15 years if: We (continue to) work at it The sharemarket gods remain benevolent, or at least continue to provide the historical average return We don’t do anything stupid when markets drop, as they will at some point. We are still in Year 1 of those 15 years. Besides being slow, working towards financial independence involves making lots of little daily decisions. Day … 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!
It started with a Tweet – what’s your side hustle? I do love side hustle listicles, so that night in bed I decided to revisit some. A quick Google of “50 side hustle ideas” brings up some brilliant lists. I thought maybe I was being one of those people who automatically come up with excuses as to why side hustles won’t work for me. Was I self-sabotaging? I started working my way through the ideas. All of my usual reasons were still there. Things hadn’t changed. Then I came across an idea I hadn’t heard of before – website user testing. I feel like I have the skills, and it … Show Me More!
Six days after the job closed, I was offered an interview. Because I hate email, I don’t log in every day, which meant that: They sent me the invitation to interview on Tuesday afternoon. I opened it on Wednesday morning before work. The interview time was 10am Thursday! The Job Interview I was not expecting things to happen so quickly. I still had to go to work on Wednesday, so spent all my train trip time and lunch reviewing and preparing. That night I continued preparation, along with taking an hour to fill out all the paperwork. I also had to ask/notify my referees. I’d been holding off, because if … 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! Urgh, this was a month of excess and things breaking down. Also, there was a mix-up with my pay at work, so it arrived over a week late. While this has no practical implications for … Show Me More!