The eagle-eyed among you may have noticed my amended logo to show the new £1 coin – thanks to The Investor from Monevator for reminding me to change it!
Anyway, I have to confess that I have really felt like not publishing this update.
For the past 3 years, I’ve been saving a large part of my salary towards my goal for FI/retiring early and happily documenting my progress on this blog.
This is the first month I have had no salary in over 20 years and I wasn’t sure what I could say, without coming over all miserable with doom and gloom – there’s still nothing on the work front yet although I continue to actively job-seek.
But hey ho, spare me the pity, I’m a mostly glass half-full kind of person and as I said in my last update, my goal to FIRE is still on, just suffering a bit of a ‘blip’, so without further ado…
Bad News Alert!
My savings rate this month is ZERO!
This is because I have always worked out my savings rate to be what I save from my normal working wage. I know others work out their savings rates differently but I’m just being consistent with my own calculations. I’m now living off my severance pay – ouch!
All Is Not Lost
That’s not to say I haven’t added to my Future Fund at all this month – I made investments using the following income: £400 from matched betting profits, £92.49 from TopCashback*, £138.47 affiliate income from Odds Monkey, £50 rent received and £40 from a lottery win!
This income is by no means guaranteed on a monthly basis so in the short-term, I’m going to try to continue to invest as much as I can for as long as I can, to keep the investing momentum going. I did toy with the idea of investing nothing while I wasn’t working but that didn’t seem to make sense to me, not when I had the means to make some cash which I did not require to live on.
After hitting my big milestone of reaching £100k in savings/investments last month, my Future Fund continues to grow, buoyed by the announcement of our own snap election and the elections in France. At the end of April, my Future Fund ended up at £102,023.
Dividends and Other Income
Dividends received this month (which will be reinvested): Continue reading