Howdy folks!
Quite a short post this as work has me drowning at the moment. We got back to the office last week and it’s been pretty full on since.
June 2020 – Investment
The stock market still seems to be yoyo’ing at the moment with various bouts of 2nd wave COVID-19 infections scaring investors away. As with everything that has been happening globally, I’ve just been doing what I’ve been doing for the last year and a half! – That is, keeping calm and carrying on.
I don’t have the time unfortunately to ‘time the market’, or the ‘skills’ or even an ounce of knowledge how to do it. Most of my time is taken up with the business and keeping that ticking over nicely. How have those numbers been?
| Jan-19 | Feb-19 | Mar-19 | Apr-19 | May-19 | Jun-19 |
| £17,919 | £24,666 | £29,873 | £37,687 | £41,400 | £48,743 |
| Jul-19 | Aug-19 | Sep-19 | Oct-19 | Nov-19 | Dec-19 |
| £58,104 | £60,882 | £68,509 | £73,577 | £79,553 | £88,075 |
| Jan-20 | Feb-20 | Mar-20 | Apr-20 | May-20 | Jun-20 |
| £88,597 | £92,293 | £85,130 | £92,659 | £105,310 | £113,405 |
Nice! A steady increase of around £8,000 compared to the month of May.
Total Income: £8070.44
Total Saved (?): £5000.00
Total Expenses: £3,070.44
Savings (%): 61.95%
My expenses were slightly higher this month due to various garden / housey bits and bobs. Have had to buy some one coat matte paint for the skirting boards and some brick work re pointing cement type filler amongst various other things. Though I’m pretty happy to keep that saving’s rate around the 60% mark (which is the objective for this year!). In the month of July, I’m looking in keeping my expenses down to under £2,000 – a mid year goal slotted in to try and work inline with coronavirus / lock-down. However, I’m not too sure if we’ll be able to do that now that things are starting to re-open. At-least I’m not spending the £250+ on fuel per month these days – instead, more like £20 on electricity per month due to having the electric van! (roughly doing around 600 miles per month in it for around £20 – £30 in electricity costs due to night rate electricity).
Hi Jase – I only actively started adopting a FIRE lifestyle at the start of this year (terrible timing on my part!) and found your site one of the better ones on the subject. I particularly liked your transparent investment section, which acted as a benchmark for me and the idea of adding goals, which has focused my strategy.
I’m guessing that you’ve decided not to maintain the blog, which I understand must be time consuming, but just wanted to say thanks! All the best for the future and good like with your fire lifestyle.
James
Hey James!
Thanks for dropping by – ahh likewise! I haven’t stopped the blog (have made it an objective to keep it going throughout this lifestyle) – Work has been a bit crazy with the whole COVID-19 pandemic which pushed me back a bit – now things are settling down we should be good to rock and roll again!
Touch base soon,
Cheers
Jase