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!
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!
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!
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!