February 2024 Update
Welcome back! Hope you had a great February.
Living Life
February has been quite a busy month for me. Lots of things going on.
Our new lodger moved in - he has been great. Really clean and tidy - keeps himself to himself but he has been super helpful and fixed my laptop for me. Amazing!
I have recently accepted a new job so I am looking forward to starting that - some exciting times. It should really help boost my FI targets.
I met up with some friends for some drinks to watch the rugby in Edinburgh. It was great to catch up with everyone. Then the Mrs and I had some nice meals out and had some wholesome walks along the coast.
Spending
Again, we are over budget (boo!) but this is due to us paying for a holiday and paying for tickets to go and see Bruce Springsteen soon.
This month we spent £3,720.50 which is 13% over our budget.
FI Fund
We are making all time highs again (woo!) - mainly due to bitcoin going on a tear. The market has continued to grind higher.
Although, as normal I have just been adding to my government bond position.
The FI fund includes our full net worth. This month the portfolio is sitting at £442,924.79 which is £20,738.60 (or 4.91%) higher than when compared to the last update.
Inspired by the Mad Fientist, we track our net worth slightly differently. This helps us visualise the trajectory towards FIRE based on current monthly spending and investing habits.
The graph has the following assumptions:
Income from investments (post-FIRE) = 4%
Monthly savings / investments = £3,000 per month
Return on investments (pre-FIRE) = 7%
Also, as another way of looking at it, we break our FI milestone (an arbitrary £800,000) into 12 equal bars to track our progress against that. Each bar indicatively represents achieving financial freedom for each representative month of the year. Therefore, we are currently sitting at 6.6 months of financial independence each year.
