Savings – Remember To Water

Insurance Renewal – Home and Contents

Tom — Mon, 24 Apr 2017 11:05:16 +0000

Earlier this month I had the pleasure of renewing my home and contents insurance. I know most people won’t consider it a pleasure to pay for something you hope you will never need, but I did. There are two main reasons for this, firstly insurance is important, secondly because I got a discount. Let me tell you a little about two events that gave me a smile. Why Insurance? Insurance is extremely important. I never fully appreciated it until I had my first (and only) uninsured car crash. Thankfully it wasn’t too bad or too expensive. However it caused a possibility to...

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How Much Is Enough For Early Retirement?

Tom — Sat, 31 Dec 2016 12:51:15 +0000

A little while ago Len (from Financial Farmers – go check them out) commented on my post How We Made Our First Million Accidentally. He asked about financial freedom, not having to work, and early retirement. In my reply I talked about maintaining principal, inflation and a bunch of variables. We both had similar goals (although 40 seems a little to soon for me), but had very different capital requirements ($3+ million vs $1.25 million). So I wanted to redo some of my calculations, and was also questioning some of my assumptions. Needless to say, I jumped straight to Excel and put in...

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Dividend Update – 2016 Q3

Tom — Sat, 12 Nov 2016 08:47:03 +0000

Time for my third dividend update. Can you pick the spot where in the dividend graph below I decided that the house was paid off enough to start putting some of my money into shares rather than just paying off more of the mortgage? Or how about the point in the interest graph where the house was fully paid off and the mortgage payments were redirected to savings? Graphs are good at showing changes and progress, and that is why I love them – especially for passive income. If you are new to these updates, then my first update lists more detail...

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Dividend Update – 2016 Q1

Tom — Wed, 23 Mar 2016 12:46:18 +0000

I have finally got around to tracking, calculating and graphing my dividend income. It took three attempts to find a tracking/recording system that I like enough to keep using. I found a few trackers online, but none gave me the specifics I wanted without the overhead I didn’t. If you know of any good ones, please let me know. As a result of having a nice system, I will now be providing a quarterly (Feb, May, Aug, Nov) dividend update/interest update for my passive income for those of you who are interested (pun intended). Yes, I am a little late on...

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