Reading and Podcasts

Over the past few weeks I have been trying to read more that I have been of late. I have a list of downloaded podcast building up that I need to listen too and clear down.

Books:

I have the ‘Free Range Human‘ book and read chapters and sections periodically to motivate me.

I keep having dreams about buying a camper van and travelling for a while, with a dog (that I don’t currently own…on my list when I am FI) Funny… I guess its all that reading of the Our Tour website. It may also be a reaction to wanting some space and freedom after being cooped up in an office with bars on the windows. My cousin used to work for a company supplying motorhomes – like the BIG luxury ones. He used to deliver them around the UK and Europe for corporate events and to new owners and was even paid to deliver a brand new motorhome to its new owner and then drive it around with them and give them instruction for a week. He would be dropped off at a hotel at the end of the day and the owner would go on to their relevant overnight stop and he would be picked up the next day to continue the driver training. How about that for a job…

I keep looking at activating my very dormant/if not deep-frozen creative zone. Some years ago I wanted to do photography and did some courses and looked at how I could make a side-hustle of this. My first degree was in Art and photography was part of the course. I learnt the traditional methods including film and dark-room development. I also did digital work and still own a reasonable DSLR and some lenses. With the various social channels now available I could market my imagery more widely. I follow a sport which up to now seemed to have limited photography cover – but recently I have seen that the number of others entering this sector has grown so think I have missed that boat. Looking at it, its a competitive one too and quite a few people are putting images up for free, so probably good that I didn’t take that route, not as a main source of extra income.

I am looking at other options and will continue to work on some ‘creative stimulation’ projects to revive those dormant skills that are still there, just buried deeply and out of practice.

The Silk Roads  – Its a monster of a book – for me it is – so I am reading the odd chapter every so often. I am interested in the history and global trading has been around for years – yet we are still fed this idea that global trade is a recent activity… just reading the chapter on the plague and how it spread, where it spread and what its long-term effect was on the human race.

I have been listening to podcasts too.

Tim Ferris is OK, but I really get fed up of the 7 minute advertising intro before the cast begins. It’s more for humour that subject matter. I think I need to find something else for a while.

The Woman’s Hour : I used to really enjoy listening to these during my ‘FI break’ the other year. They are currently doing a craft prize and listening to the artists that will be part of the final exhibition are setting me thinking which is a really good thing! ( link).

I may look to get there and visit the exhibition. To inspire me.

I have also found a reasonable Yoga site with online sessions so I am currently doing these on a fairly regular basis. Its helping, I can feel the difference already, there is less tension on my body and muscles – I am sleeping better too!

Ending on a positive note – I will continue to create a reading list and start reading more. now that we are into Autumn and my ability to go outside reduces, I can replace this with the mental escape of a good book or two.

 

 

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What’s your motivation to reach FI?

It’s a question that has many answers. I read other FI blogs and see how others approach this question and how they use it as a motivator to reach their goal.

Some approach FI by accident due to redundancy/windfall and look at the job market making them realise how they : hated the job / stuck in a rut / obsolete skills / want to do something else  (delete as appropriate).

Some approach it by having the ‘AH HA’ moment where they step back and look at their life and wonder :  why am I doing this job / ‘there must be more to life than this’ / where’s my life gone / how did I end up here? (delete as appropriate).

Others set out with an intention right from the start of their working life to step on and step off as quickly as possible. Generating enough income to step off the treadmill and walk another path for the remainder of their life.

My original thoughts were just a teenage dream before I really started working where I had the view that I just wanted to get a ‘high-paying job’ earn enough money to save a ‘pot’, leave my job and use this ‘pot’ to fund my craft activities and still survive knowing that I didn’t have to rely on my crafts to supply an income.

Work life began and I became trapped into the ‘status anxiety’ aspect of my life being defined by my job. I lived to work rather than working to live. I enjoyed it, working for a FTSE100 company, the responsibility, the long hours, the challenges, the push to perform at all cost. Then redundancy strikes, it spins you out of the circle and you look back into that bubble and realise how stupid you were. You are dispensable, your job does not define your life – well if it did, it doesn’t now.

That wake-up call made me focus again on saving hard, being frugal and changing my direction and views on where my life path goes. I am nearly there, so near and yet so far, reaching that final line is the hardest step. The light can be seen and its brightness is growing stronger by the month but it keeps running away like a rainbow’s end.

I took a ‘break’ from working and reset my focus. I took a new job – not ideal but ok – it started off well. I’ve been doing this job for 18 months now and it has had its ups and downs. I am saving hard and feel I am getting there now. ISA, SIPP and pension are all going in the right direction. The FI path is looking stronger, while the job itself becomes more traumatic by the week. I stick it out with the view that I just need to keep going for a bit longer to finally step over the finishing line.

Why this navel gazing? Well, the role is expecting me to lie (‘white lie’) to people. My boss has told me off once for telling senior managers the truth when I should have used ‘white lies’. I have received the “do what I’m told and I will protect you” chat too. Then I was told to ‘fudge figures’ on a spreadsheet to hide my boss’ mistakes/errors. Now, about to be reprimanded again for telling seniors the truth, telling lies only comes back to hit you later as you trip over them. Maybe I have had a charmed life, I have never had to experience this type of office behaviour. I don’t like working in this kind of office environment, it goes against my moral compass.

The job I do bores me, it’s not really my core role/skill-set, its a “nearest equivalent”, it does not thrill or inspire me. I am a creative/problem-solver type and I am not exercising my brain – I am leaving it at the door each day – playing office politics. I am feeling my brain-cells slowly dying in the process. Career-wise, I have ended up in a niche technical role for which jobs are few and far between. Recruitment agents have said they will struggle to find any openings for that role. Which is why I am doing this “nearest equivalent” job. I need to widen my skill set and re-train to get the certificates that employers now require you to hold. Do I really want to spend £5k+ of my own money on training for just a few more years of work in this field?

That’s why I want to get off the career treadmill, my current expertise has limited opportunities and employers are not interested in having someone like me, they make do with cheaper more generic types.

I want to revisit other skills that have laid dormant for years and re-awaken them and start getting that spark of inspiration and thrill into my life. Start by doing things for fun, then see if they could be turned into a side-line income stream.

Nothing ventured, nothing gained. You only live once and need to feel you have lived it to your best.

 

 

August – monthly update

Wow – another month over and I have just updated my spreadsheets. Ok, this month was good for dividend income. I received a good wedge of cash this month as a few companies pay out this month. I also had my regular saver account mature and pay my 6% interest. All done and closed, so back in there quickly to open a new one for this year and plough money into it on a regular basis. This year it will only play 5% which is still good compared to the savings account norm. It would be great if I could save more in there but it has restrictions which cap the total that you can save.

I have pushed money into my ISA and SIPP this month using the dividends received. My ISA account is about to have a platform move so I will then be unable to trade while this ‘transfer’ happens. That’s a bit of a pain, can understand why having done website re-platforms as a job role but its annoying when you experience it. In the meantime I track the growth, which is good this month.

All this positive news helps to give me focus and avoid the hell that is my working life. I know, people post that I should move, the pay is good and I’m in my “one-more-year” mode trying to just stick this one out to reach a threshold and then just call it quits! Hang my boots up and not work for a while – if at all. In another twist and turn, my counterpart on the supplier side of the project has resigned! just shows how s**t this project is. It just adds to the rubbish and office politics that I’m surrounded by. People are falling by the wayside as each month progresses. Being positive I have been doing things outside work to take my mind off all this rubbish.

So bank holiday weekend involved a visit to a velodrome to see a cycling event. So fabulous to see the tandems – yes tandems – doing over 25mph on the oval track. The added complexity here? The stokers were all blind! All trusting the front person to keep them on course and upright. Things like that just make your troubles seem so trivial. Some great time trails and points races seen. The para athletes were so inspiring. How to reset your mind.

I also managed to go to a T20 match. Now my grandfather was a real cricket fan and would watch the long matches – I really had no enthusiasm or patience. T20 mind was a really different thing – loved it! Something to tick off my bucket list. A great game and with the result known when you left at the end of the evening. Could easily do that again but the final is tomorrow! so will have to wait until next year.

Now looking to find some more fun experiences to do over the next few months – plus a weekend away somewhere.  More of this is good for my mind and body.

So crack on into September and keep this saving momentum up and reach that goal.

Nearly there…..

 

 

July – monthly update

Better late than never !

July was a good month for income with quite a few NS&I accounts issuing interest. I also received a few dividend payment this month too.

My net worth seems to be steadily growing, I would like a nice double-digit growth figure but single-digit is it.

Next month should be good for dividends too. I have had a few expenses this month but still managing to keep a high savings rate of 50%+.

I need to review my monthly passive income and how I am reinvesting this and understand when I can live off the passive income in the future When will I be FI? Some time off from actually working would do me some good for a while.

 

Tax Return

I’ve just completed my tax return – pretty good for me – I have managed to complete and send it off a whole month earlier than last year!

I have managed to stay under the taxable dividend threshold for the year, by a few pounds but will have tax to pay on my savings which are over the threshold.

I am now looking at moving my savings into tax-free accounts to stay below the thresholds. With savings rates dropping they are not keeping pace with inflation so need to move them to somewhere that will!  More payments into my SIPP I think, although I then cannot access the cash until I reach 55.

I intend to fully utilise my ISA allowance this year now its up to £20k, I phase the money in monthly so doing well and on track.

While I am working – another reason to keep going at the moment –  is that I can contribute more into my pension/SIPP, I can contribute up to £40k which gives me space and capacity to move savings/taxable shares into a pension account while I can.

I am trying to hold out in a job until my BTL fixed rate mortgage term lapses so I can re-mortgage – something that’s easier to do while I have a salaried job. I am slowly reducing the mortgage to compensate for the new tax rules which will phase in over the next few years. It will be interesting to see how they have affected my tax treatment this year. I await my final statement.

Utility bills

Well, I know that British Gas has announced its price hike today.

I was looking at utility bills the other day. I have recently received my annual water bill and what’s funny is that it has gone down by a whole 1% <woop! woop! Get the bunting out! >

The usage rates have decreased which is great, 3% down, but the whammy is that they have put up the standing charge 3%. They have done this across all the parts of the bill, reduced the variable rate but increased the standing charge (fixed rate). So they are slowly sneaking the baseline cost up so that regardless of how much I reduce my consumption, I still end up paying the same.

I am just waiting for the usage rates to be raised next year then they have won – with there ‘stealth’ price increased. It’s all part of a long-term upward price plan.

It’s the same with electricity and gas – I have seen the standing charges go up so that people like me who are low consumption users are having their prices increased each year by the increase in standing charge. When the regulator made all the utility companies reduced their plans down to just 4 – it meant that those really great plans that favoured low users disappeared over night and all the baseline costs rose.

I was better off on a low/no standing charge plan with a slightly higher usage rate as this worked out cheaper. It still feels like a cartel, a fake marketplace.

July – how’s it going?

Not too bad I suppose!?

I am still working and the project is still alive and kicking wildly and my boss gets more and more of a political nightmare everyday. I have tried to switch-off and stop letting the environment rattle me and press my buttons. Its getting harder to fight the voices in my head telling me to run. I should just sit back, not stress and pick up the pay cheque.

It seems so long ago since my holiday – when it has only been 2 weeks – oh dear 😦

To try and ease the work situation, I have been doing some Yoga sessions – found them on YouTube – and they seem to be making a difference. As I spend most of my day working in a nightmare office then driving home to an empty house, I have plenty of time to overthink which is making me unstable. I have no-one to talk to, so sit and stew. I need to divert my mind from overthinking and distract it onto other things. The yoga is making a difference, my shoulders feel less tense and I am sleeping longer with less restless disturbances. Around me are people who are also p* off with their job, moral is at an all time low from the general vibes – so I should not feel like the only one. I can do the yoga sessions whenever I feel the need – on-demand. It’s good as I get better at it I can move onto more advanced sessions.

It’s been full on birthday season in my family. It was my birthday last month and I have had 2 family birthdays and a wedding to attend this month so far. I found an old dress and altered it so I could wear it to the wedding the other week, loved doing that as its a skill I have. I use to make my own clothes when I was a student. But as time progressed, it has become cheaper to buy clothes than buy fabric and make your own – the global economy in action. I need to start doing some creative activities as that will soon divert my mind onto something more interesting and stimulating to me.

I can be quite creative and need to exercise that part of my brain again. It feels like my brain is dying with the lack of suitable stimulation. Listening to Mad Fientist the other day suggests yet again that maybe a bit of ‘burn out’ is present.

I have had another pension statement/illustration through – yet another one saying I could get a forecast pension of £388 p/year on retirement. Yet again, nothing to write home about as the saying goes – here I am writing about in on my blog. Ha Ha! It worries me what I will have but it feels shocking for those generations younger that me.

I have been doing jobs around the house and sorting out insurance renewals for my rental and own home.  Things to take my mind off the troubles of work. I try not to watch TV especially the news which will just depress me.

I found some new books to read (kindle downloads) which may help me crowd the bad thoughts out of my mind. It’s nearly the end of the month and my finances are level tracking again. I should be glad that I am not losing money, I just don’t seem to be making it either, just balancing. I have just sorted out the rental info so I can submit them to my accountant and get my tax return completed for last year. The changes to the BTL environment will start to hit now as the phasing increases the tax burden.

I am now trying to setup some activities so that I have things to look forward to over the coming weeks. Breaking up the weeks and stop my overthinking.

Only a few more days left and I can then do my monthly update and see how its been.

Time to soldier on….