Early Retirement Extreme Forums

@fingeek
With an optimistic outlook - it could be very near.
I want to have plenty of time for travel, to do it without a lot of extensive plane tickets etc. I haven't been abroad in a few years... I do dabble with music recording but I'd like to spend a few weeks solid really get solid stuff done.

January 31st numbers compared to December 31st.

(inputs)
salary £1376
pension £1876
rent £280
total £3532

(totals)
a) £40770 (same)
b) £77680 (+1442 growth)
c) £10546 (+161 growth +1876 payment)
d) £75588 (+1081 growth)
e) £24960 (same)
Pensions total = £229544 (+4560)

Savings/stuff £7297 (-403)

House £97000
Car £7700 (-100)

Total £341541 (+4057)
or 85% of target.

A week later 7th Feb 2020.

(totals)
a) £40770 (same)
b) £83109 (up from savings and growth)
c) £11381 (up via work pension and growth)
d) £77431 (from savings and growth)
e) £24960 (same)
Pensions total = £237651

Savings/stuff £3511

House £97000
Car £7600 (-100)

Total £345762
or 86% of target.

The percentage target countdown.
86% £344,000
87% £348,000
88% £352,000
89% £356,000
90% £360,000
91% £364,000
92% £368,000
93% £372,000
94% £376,000
95% £380,000
96% £384,000
97% £388,000
98% £392,000
99% £396,000
100% £400,000

18th Feb 2020.

(totals)
a) £40770 (same)
b) £83478
c) £12367
d) £78326
e) £24960 (same)
Pensions total = £239901

Savings/stuff £3628

House £97000
Car £7600

Total £348129
87% of target.

Big news - jumping ship early. Decided to resign for the end of March.
I should have £350k networth at that point, be aged 52.
#willistarve ?

Congratulations Nomad. I haven't been updating my journal but I hope to follow suit in June.

Awesome, keep us posted

24th Feb 2020.

(totals)
a) £41671
b) £83832
c) £12901
d) £78583
e) £24960 (same)
Pensions total = £241947

Savings/stuff £18657
Loan £-14500

House £97000
Car £7600

Total £350704 (£73804 more than 1 year ago).

87% of target.

Great news! I love it when a plan comes together.

@kipling
Yep, me too. This stock market correction isn't well timed - but I laugh in the face of adversity.

29th Feb 2020, markets take a massive tumble due to Wuhan virus.

(totals)
a) £41671
b) £76387
c) £12492
d) £97546 (combined)
Pensions total = £228096

Savings/stuff £17598
Loan £-14500

House £97000
Car £7500

Total £335794

84% of target.

here are the numbers. 8th March 2020

a) £41671
b) £79374
c) £13228
d) £99256
Pensions total = £233529

Savings/stuff £13950
Loan £-14250

House £97000
Car £7400

Total £337629

84% of target.

This month I need to create a very detailed budget and monitor my expenses completely for the next few months.
The problem is I that I generally spend a lot more money in the spring and summer due to the increase in social events...

Absolute blood bath in the markets in last few weeks.

a) £41671
b) £73364
c) £12367
d) £94950
Pensions total = £222352

Savings/stuff £16661
Loan £-14250

House £97000
Car £7400

Total £329163

82% of target

It continues.
a) £41671
b) £67822
c) £12505
d) £87230
Pensions total = £209228

Savings/stuff £16500
Loan £-14250

House £97000
Car £7400

Total £315878

79% of target

"One more year"?

Too late for OMY now, right?

How are your cash reserves - enough to carry you through the next 12-24 months? How long till you can start drawing pensions? Any option to sell car or some stuff when the need arises? Also, did you consider getting a lodger?

@George the original one
I may be ok, there is now nothing I can spend money on. Can't go out, to a restaurant etc.

@Bankai
Yep. Have money floating about for frugal 12-24 months. It may be nice.
About 35 months time to draw the pensions.
Yes, I am selling my car and I do have a lodger...
I will consider getting a temporary employment contract in a few months but now is a time for having no responsibilities.

As far as my investments go, they are down about 16.5% but the markets are down for more than that, so I'm hoping when
they start to recover I could end up with more than I started with. However, I don't know how many months or years that will take.

Well, all the pubs and restaurants have been ordered to close. I'm instantly saving money...

Slightly better.
a) £41671
b) £70743
c) £13019
d) £90026
Pensions total = £215459

Savings/stuff £16500
Loan £-14250

House £97000
Car £7400

Total £322109

80% of target