2022 Goals

Three weeks into the year already and I’m still dragging my heels with my 2022 goals!

Perhaps this was because my head was still dwelling on the fact that several of my 2021 goals were derailed by my unexpected house purchase, although had I set a goal to ‘buy a house’ at the start of the year, I would have passed with flying colours!

Who knows what 2022 will bring, to mess up best laid plans?

Anyway, I’ve come to my senses – this is just ‘life’ happening, nobody knows what it’s going to throw at us.

Make goals and plans, things will happen as they always do (to a greater or lesser extent), obstacles will materialise and I must just adapt and move on, whenever ‘whatever’ happens.

So here goes with my Goals!

As usual, they’re just simple ones, not too different from previous ones, which make it easier for me to focus on them while just getting on with living my life…

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Thought Experiment #11 – Spend It All

I’m still procrastinating on my 2022 goals so may as well use the time in a somewhat constructive way and support SavingNinja with one of his famous thought experiments!

Here’s his latest one:

“You’ve decided that you no longer want to save any of your income toward FIRE (Financial Independence, Retire Early) each month. Instead, you’re going to spend it. How would you use your new disposable income?” 

Here goes off the top of my head:

1 – My House

This could be one of my shortest posts ever as the answer would easily be that I would spend my all new disposable income on my house and my garden!

However, I wouldn’t just be ‘spending it all’, the money would instead be put aside to fund big projects such as:

  • (in the garden) blockpaving my driveway, resetting paving in back garden, new shed/storage, garden decking in the patio, raised beds;
  • and (in the house) new bathroom and new kitchen.

These are things I hope to sort out in any event at some point, but no longer aiming for FIRE means I might get these things done in the near(er) future, as opposed to the far future.

2 – Travel

At some point, the world will learn to live with COVID and travel will be more straight forward again.  Although I plan to put money aside for future travel in any case, I would be able to have more trips if I wasn’t investing all my spare money.

When I’m allowed to, I’d like to travel to see my family in Hong Kong so that’s funding for at least two trips every year, including a trip to Singapore to see other family there.

Maybe a couple of cheeky jaunts or weekends to somewhere in Europe with friends –  I do love a cheerful beach holiday!

3 – New PC

I’d probably finally buy a new PC – the one I have is my original gaming machine which I bought back in 2009!

I don’t have a lot of time for gaming these days, so it’s been ok for the few games that I do play on the odd occasion, but it’s slow, often struggles and I’ve not really been getting the benefits of my swanky curved monitor!

Will I have time for gaming?

Why yes, I’m sure I will as I won’t be busy monitoring my investments, updating FIRE spreadsheets, thinking about/doing side hustles or how I can eke out an extra quid here and there to add to my FIRE pot!

Another reason for more time for gaming? Not aiming for FIRE means I’d probably not be maintaining this blog or really be part of the FIRE community any more.

I mean, what would I write about?

4 – ‘Things’

Not aiming for FIRE, I could lapse into carefree ignorance and not worry about where my money was going.

Ignorance is bliss and I would be in the same boat as everyone else (outside of the FIRE community), except that I would be in a better position as I would still have the Future Fund I have already accumulated.

My money would just merrily disappear from my bank account each month without me even trying, being spent on ‘things’ and as long as I didn’t spend more than I earned, that would be fine, right?

5 – Erm and that’s it really!

I struggled to think of anything else I would want to do if I was no longer focused on FIRE and racked my brains to think of what it was that I didn’t do or spend money on now, that I had sacrificed or scrimped on. I couldn’t come up with anything else.

I was going to add ‘eat out more’ to the list but it’s not as if I’m turning down social events with my friends – I go to every one and don’t scrimp on food or drink (the hangovers testify to that!) – aiming for FIRE isn’t impeding my social life.

I don’t yearn for a new car (mine’s now 10 years old, bought from new) or more clothes/shoes (having just ditched 50% of my wardrobe, I don’t need to fill it up again!).

I think I’ve changed my life (and mindset) so much over the years that I don’t believe there is anything that I’m missing out on due to my pursuit of FIRE.

It’s not more disposable income I want, to enjoy and do more in my life, although of course, I wouldn’t say no to a pay rise or a work bonus.

It’s more time that I want, and FIRE is more likely to give me that.

Other bloggers with their personal takes on this Thought Experiment include:

SavingNinja

One Million Journey

Indeedably

Total Balance

Anyone else got any thoughts to share?

December 2021 Savings, plus round up

Happy New Year!

Hope you all had an enjoyable festive period and a good start to another new year.

I’ve had a nice mostly quiet time getting used to being in my new home. Still not fully unpacked properly but I’m still moving some last few things from the old house (not sorted the garage or the shed yet – eek!). I can see that I’m going to have to do the whole KonMari thing again at some point!

Anyway, let’s just get the numbers out of the way for 2021!

I saved 13.2% of my net salary.

The above includes £150 from taking part in an investment community exercise, another £25 Premium Bond win and £42.80 from doing Prolific surveys.

Shares and Investment Trusts

No new investments, I just topped up existing ones.

Current share/IT portfolio can be found here.

(Entire portfolio here)

Future Fund 

Was there a Santa’s Rally? I wasn’t paying attention but perhaps there was as my Future Fund finished up at £232,272.61.

Here’s how it all looks at the end of another year:

Considering the unexpected house purchase, I’m just relieved to finish with a bit more in the pot than I began with at the beginning of the year.

Dividends and Other Income

An average final month for dividends:

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September 2021 Savings, plus other updates

A quieter month at work, which was just as well as there were occasions when I was feeling somewhat overwhelmed by everything, leading to a couple of (rare for me) sleepless nights.

I also seem to have lost some weight without trying, despite eating, drinking and going to the gym as normal – this has happened to me in the past before, where I think I’ve lost weight due to stress. Not sure how I feel about this, I don’t need to lose any more pounds.

I realised that some things in my life were being neglected, delayed and put off, and it was like my life was beginning to spiral out of control.

For the first time in years, I renewed my house and car insurances with the same companies, instead of shopping around. I’m normally prepared well before the policies run out but I just didn’t have the energy or inclination to find cheaper deals. As it was, the new policies weren’t too far off (though both more expensive) from what I’d paid previously but my head needs to be more organised next time.

Towards the end of September, I finally got all my personal health stuff sorted, which had been preying on my mind and feel much better after attending delayed appointments for eye test, smear test and breast screening test – all out of the way now for another 2-3 years.

I should be picking up new glasses later in the month and have gone for budget rather than designer – am past caring right now and no one notices what I’m wearing anyway (apart from family).

I knew I wasn’t quite myself this month when I found myself wanting to cancel on social events, but I went in the end and of course, I was glad that I did.

The above all might sound a bit glum but I’m actually ok, I’m not unhappy or anything, just got a lot going on in my head.

Things continue to progress at a slow pace on the house front but I’m getting there.

So, how did I get on with my savings in September?

I saved 14.4% of my net salary.

The above includes another £25 Premium Bond win, a £10 charity lotto win, £20.21 from doing Prolific surveys and £48.89 affiliate income from OddsMonkey.

Shares and Investment Trusts

I sold out of Greencoat UK Wind for a small profit – although I’ve enjoyed receiving dividends from this investment, I’ve recently felt that I was a bit too exposed to thematic energy, plus not being comfortable about the uncertain future of green energy prices. Reinvested the cash in new holding Middlefield Canadian Income Trust, a region I didn’t have any real exposure to.

Current share/IT portfolio can be found here.

(Entire portfolio here)

Future Fund 

I’m glad I did get to celebrate hitting my £250k milestone last month because there was a rather large wobble in the markets this month and I saw my first real drop this year. Future Fund is down to £243,768, plummeting depths like that submarine in the daft (though enjoyable) TV mini series ‘Vigil‘.

When I come to withdraw the funds for the house purchase, there will be an even bigger drop but the good news is that I won’t be selling in a depressed market to get my funds – I’ve been selling bit by bit over the summer while the markets were relatively high(er) so equities sold have been at a profit.

Dividends and Other Income

Yet another record-breaking month for dividends:

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