This Sunday marks TWO years since I started blogging about my journey to FI/Retiring Early!
Happy 2nd birthday to Quietly Saving! 🙂
The years have flown by but yet at the same time, it feels as if I’ve been blogging for aaaaaaages!
Although my first post on this blog was in April 2014, I had made a note of my finances in March – my starting or pre-FI plan numbers!
Here’s the comparison between my starting numbers and my most recent update:
- March 2014 – Net Worth: £74,595.92
March 2016 – Net Worth: £123,213.39
- March 2014 – Savings Rate: 26.5%
March 2016 – Savings Rate: 60.6%
- March 2014 – Future Fund: £30,075.11
March 2016 – Future Fund: £64,650.75
Ok, so my savings rate last month was an unusually high one, boosted by a work bonus but even if I compare it to February 2016 which was 51.6%, it’s still a pretty good effort if I may say so myself!
I’m particularly pleased with the increase in my Future Fund because it had taken me FIVE years to save the £30,075.11 I started off with in March 2014 (what can I say….I had no plan!), yet in the two years that I have been blogging and following my FI/early retirement path, I have doubled my fund. Go me! 🙂
The increases in both Net Worth and Future Fund are largely due to new capital being chucked in every month without fail; I’ve aimed to save/invest as much of my net salary as possible, and also put away income I get from extra curricular activities, such as cashback, gambling winnings and various online activities.
A big thanks to all who take the time to read this humble little blog – it’s a great incentive to me to know that people have a passing interest in what I have to say about my little journey and I love to read your comments and private emails. Thank you very much for helping me be accountable, giving me encouragement and helping me stick to my plan and aim for my goals!
Not only have my Net Worth, Future Fund and Savings Rate grown but I have grown as a person too (though not taller, haha!). My attitude towards finances, personal development and investments have changed, I’ve taken on board new ideas and best of all, this blog has led to me meeting some great like-minded individuals at various UK gatherings, the most recent one in Wales.
I know all too well that if I cut back on my overseas holidays every year, my gym membership and my social outings, my Future Fund would be even larger, my savings rate easily around 60%.
However, I’m happy with my quality of life right now and I think I have a good balance, enjoying life whilst also enjoying saving/investing!
I’ve gotten rid of costs and expenses that I don’t consider important to me, cut back on others, only paying for the ones that do matter to me.
I still feel the need to appear outwardly ‘normal’ to my friends, family and colleagues, and that comes at a slight (social) cost, a cost that I am willing to pay.
Some may argue that with my job situation being uncertain in the long-term, I should cut back even more, put more in the pot in case things go all pear-shaped at work.
That just seems unnaturally pessimistic to me and would have me focusing on something negative rather than positive.
The future’s bright and I look forward to continuing to document my journey to FI/early retirement! 🙂