A Dirty Dozen

[edit – sorry, didn’t realise comments turned off, they’re on now!]

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I have been so busy just going about my everyday business, that not only did I forget my blog anniversary earlier this year but I completely skipped last year’s anniversary! Must have been menopausal brain fog! Oh well!

Happy  belated 12th birthday to Quietly Saving! 🙂

Anyway, wow, long time or what!

My blog is ancient! Old school and retro? I’m fine with that!  It  works for me – so many (far glossier and modern) FIRE blogs have fallen by the wayside over the years, disappearing into the internet abyss. Sadly, I’ve not had the time (yet) to seek out new ones to add to my redundant blog list. Think the young people aiming for FIRE prefer vlogs.

Last Woman Standing

Do I still enjoy writing this blog? Yes, I still find it freeing to be able to write like this. The blog helps me focus, documents my journey, helps motivate me, it’s a place to empty some of the thoughts rattling around my head or to articulate ideas. It also keeps me accountable.

Some might describe my progress over the years as ‘plodding’ but the truth is, I’ve just gone as fast I’ve wanted to; I was never in a rush to FIRE and I’ve not suffered from FIRE burnout, have just steadily and purposefully moved forwards at my own comfortable pace, step by step. It’s my race, not anyone else’s.

And now here I am, on the final leg of my journey, having set a FIRE date of 2027!  I will do an update post on that as it’s been 10 months (already!) since I made that announcement.

My mindset about FIRE has shifted because it finally really isn’t that long now, yet I have to admit that my mind is still resisting a little about making that next mental step, which is diving into the detailed particulars of decumulation…

Don’t worry, I will get my head round this, I do have a plan of sorts.

Humdrum

Gosh, so all this time, I’ve been posting my rather unexciting numbers monthly (with some glimpses of my life) for 12 years! 

There’s nothing extravagant about my relatively ‘ordinary’ life; it’s one which is filled with a lot of mundane, routine, same-old-same-old stuff, with good things far outweighing the bad. I’m an optimist so that’s how I see it.

What have I been doing these past 12 years?

TMY, a.k.a Two More Years!

The FIRE goalposts have kept shifting over the past few years.

Shaken to the core by Truss’ brief but disastrous tenure, battered by high inflation, pounded by high mortgage rates and spiralling increased costs of living, and recently wobbled by Trump’s tariffs.

However, it’s time for the posts to be dug into deeper foundations.

I can’t let them slide about any more so I will tentatively say that the year I plan to FIRE (or let’s just say FIRE-ish to be more accurate) will be 2027.

There, it’s in black and white and it’s utterly frightening! But also a bit of a relief I might add.

Did I not always have a date? Well yes and no.

When I embarked on my FIRE journey, the only goal I had was to retire before the age of 60, 7 years before state pension age, which seemed like a realistic and not-too-wild goal to aim for, considering that I was starting from the age of 42/43, having spent most of my 20s and 30s recklessly spending far more than I earned and dealing with big credit card debts.

During parts of my journey, I toyed with the idea of a FIRE ‘number’, the magic sum my Future Fund (FF) would need to be to allow me to pull the FIRE plug.

But the number kept changing, depending on what I thought I would do during retirement or how I was going to live my life. Lots of foreign travel and expensive hobbies will mean a big FF number; a quieter life just pottering around house and garden with not so much foreign travelling, not so big a number.

Ultimately, it became a range of numbers, somewhere between £300k and £500k. I am of course within that range already but on the lower end of the scale. I realise that these numbers may seem like pittance to some but they are both in my ‘enough’ range.

So, if I don’t know my number, how will I know if I have enough?

As ermine says in this post of his, ‘Enough is a feeling, not a number‘.

Of course, I’m not going to be completely guessing, I already have an idea of what my planned spending will be, and websites such as Retirement Living Standards, as well as numerous other sources provide an estimate of retirement income needed. My intended spending will probably be an average of all of these varying numbers!

Why Now?

There are a couple of reasons why I’ve set a date of sorts now.

My sister calling it quits on her job for one. She handed in her work laptop a couple of months ago and she’s about to start enjoying her retirement properly now that my nephew is going to university. Her first ‘project’ will be to sort out her house from top to bottom with him out of the way. She has thus far resisted the call for ‘consultancy work’ but may not rule that out completely.

Her bloke engineered his own redundancy/early retirement last year.

It’s bloody annoying that she can laugh and say “Haha, you got work tomorrow!” when we catch up on a Sunday!

The second thing is that when I started working at this company, I had thought that it would be nice to give them 10 years of my service and let this be the last corporate job I do before I retire.

I’ve just completed my 8 years’ anniversary – that has come round fast! Also, as one of the oldest employees in the company, I think it’s right for me to let someone younger do this job, which can at times leave me mentally exhausted.

What Now?

That’s all I have to say for now about this as there’s tons more to consider and think about, lots of planning to do including more in-depth thoughts and ideas about  decumulation, how I will live on my investment income, how I actually feel about it all.

Too much to go on about here but I will be elaborating at some point.

Don’t be getting too excited though, there’s nothing radical on the cards!

Ten is the Magic Number

Well, the wheel of time grinds onwards and last month, my blog turned an epic TEN YEARS OLD!

Happy 10th birthday to Quietly Saving! 🙂

Long time or what! Except it hasn’t really felt that way.

My blog is positively ancient compared to some other FIRE blogs (not that there are that many these days), considering how many have fallen by the wayside and dropped into the abyss of the blog graveyard over the years. In the words of good old Elton, “I’m still standing!” 🙂

Last Woman Standing

Even after 10 years, I still enjoy writing (most of the time) – the blog is a means to help me focus, to document my journey, to help motivate me, a place to empty some of the thoughts rattling around my head or to articulate ideas. The blog was never about making me money, else I would have given up after year 1!

Some might describe my progress over the years as ‘plodding’ but the truth is, I’ve gone as fast I’ve wanted to; I see it as steadily and purposefully moving forwards, step by step.

The last couple of years did feel like a bit of a slog – there was barely any progress with my Future Fund due the stock markets creeping along sideways, it was all quite disheartening and demotivating but I doggedly kept at it.

At no point in the last ten years have I ever thought about quitting my goal and I don’t feel burned out from my FIRE journey, probably as I’ve just gone along at a pace I’ve been comfortable with.

That said, neither am I all bright-eyed and excited as I was at the beginning of my journey – what has crept in recently is a little trepidation as I am now on the last leg of my journey. I feel that a slight mindset change is required but I’m not quite there yet – my mind seems to be a little hesitant about taking that next step.

I need to start thinking seriously of ‘what happens next’, look into more detail on how I am going to fund my life post work, look into what my life will look like. The word ‘decumulation’ keeps popping up at the back of my mind and I’m currently just batting it away, like an annoying fly. Don’t worry, I will get my head round this.

Humdrum

Gosh, so I’ve been posting my numbers monthly (with some glimpses of my life) for a whole decade!

It’s all been pretty mundane stuff – I reckon I live a relatively ‘ordinary’ life, one which is filled with a lot of routine, same-old-same-old stuff, with good things far outweighing the bad.  My life is not action-packed, there’s very little drama and no cliff-hangers!

I am mostly an optimistic person, this governs how I live my life and also I think how I invest (whether that’s good or bad, haha!).

I think I’ve gotten the right balance with my life vs aiming for FIRE because as far as my nearest and dearest are concerned, I’m just living a normal/mundane/modest/boring (delete as applicable) life on a middle income, except that I have a fanciful idea of retiring early.

What have I been doing these past 10 years?

July 2023 interim update

Just an update on the month with no numbers as decided to get this out while I could and there’s obviously one more working day for my portfolio numbers to change, dividends to be paid etc.

A blur of a month, felt like a lot was going on at home and at work.

Tennis

Another year of being lucky with Wimbledon tickets, this time, I got to see a couple of cracking quarter-final matches. The weather was great and even the trains ran on time, so it was a great day out.

NHS

The news continues to be full of doom and gloom about the NHS but for me recently, the NHS continues to chug along, doing its thing in the background.

As well as getting invited for routine cervical screening, I’m now of an age where I also get invited for routine breast cancer and bowel cancer screening.

None of these screenings are particularly pleasant (although at least with the latter, I can do the test at home) but when I get these invitations, I will always attend/accept because it’s the only time it feels like ‘someone’ (other than myself) is looking out for me.

I got my results when they said I would get them (no issues) and that’s that for now, until the next screenings.

In the meantime, I’ll continue to look after myself and my health so as to try to avoid relying on the NHS unnecessarily – sadly, it seems like all’s fine when you don’t really need them but perhaps a different story if/when you do.

Life

I considered yet another ‘try before I retire’ activity, by attending a life drawing session for the first time.

The last formal ‘art lesson’ I had was when I was 13 before I chose my options at school (I ended up doing Physics instead of Art).  I’ve only ever really done doodles and cartoons so I wasn’t sure how to use charcoal or pastels.

Anyway, it was a challenging yet enjoyable experience, which I found ‘mind-opening’! There was no teaching or guidance, it was just a free-for-all, with attendees’ skills ranging from enthusiastic beginners to more experienced artists. My friends thought my drawings were good but all I could see were the imperfections.

Budget constraints mean I probably won’t attend many of these sessions but I will certainly see what kind of free online resources I can find so that I can improve my drawing skills. And now I’ve found another thing which I enjoy doing, which I can do in retirement.

Placement

Having just completed sitting his GCSE exams, my nephew did a week’s work experience at our company. It was weird seeing him in the office and I resisted being a ‘helicopter aunt’, largely avoiding him so he could just be himself.

A product of independent schooling, colleagues commented positively on his confidence and ease at dealing with adults in a new/strange environment.  In his words, he ‘learned a bit and had a right laugh’ (he was with the Marketing team). I’ve also gone up a point in the ‘cool aunt’ stakes as he reckons I work for a good company! 🙂

Lawn

I used my birthday money to buy a lawnmower (a small Flymo). Thus far, I’d been mowing the lawn with a strimmer, a bit time consuming but quite successfully, I might add.

The strimmer however is an antique, a 40 year old Black & Decker model, and while it still functions, it’s on its last legs so should probably just be used for edging and borders.

Since the new lawnmower has massively reduced mowing time, it has meant that I’ve been able to squeeze in ‘fast cuts’ during brief sunny periods before downpours – yay!

And finally, Friends Fired

I was surprised (but also not so surprised) to learn recently that a couple of my uni friends (we were course mates) have retired at the age of 55.

I wasn’t surprised because they were always the poster couple who I thought would ‘make it big in life’. Met at uni, they were the first of our bunch of friends to get a mortgage (so grown up!), theirs was the first wedding I attended without my parents, they had 3 children in quick succession, in between both juggling what appeared to be hugely successful careers.

However, I was surprised they would retire early due to the ever increasing size of their house (the last one I was aware of was a 6-bed mansion) and his penchant for tinkering with classic cars. Success has come to them through ambition and hard work (as far as I can tell) but it looks like once all their offspring had finished uni/schooling, they evidently realised they had ‘enough’, and decided enough was enough.

They’ve never mentioned FIRE before (but who does?), yet in true FIRE-fashion, they first trialled and then bought a motorhome and will be making some road trips in that! It’s been a while since I caught up with them properly so I hope to find out more when I see them next.

A recent message to me was “Retirement is fab, do it as soon as you can!” Believe me, I’m trying! 😀

Anyway, need to finish my packing for my hols – will sort out a numbers update when I get back.

Hope you all had a great July!