In line with a lot of others in the community, I share my progress on the road to FIRE. The date is planned in 2029 and with this post, you see some progress to this goal.
In the middle of the summer, the Greek drama seems have a positive evolution. The Chinese action keeps creating moves in the market. Drafting the numbers one day sooner or later can have a big impact. The numbers are what they are, a snapshot of now, one stop on the journey to FI.
It has been a good month on the savings front, thanks to vacation money from my wife that came our way and that we were able to set aside for investing. This gives a nice boost. We were also able to go on vacation within our monthly budget. This is due to the roll over principle I apply each month: what is left over on the budget stays on the account, marked as left over. It can be used to cover a higher budget item in the following month. The graph below shows the numbers.
Yet another month above the plan. Will this streak lasts? It won’t! Why is that?Each month of the year, we have had an additional income source on top of our salary: bonus, tax repayment, holiday allowance,… This will end now until December. Going forward, we now only rely on automation and paying our selfs first.
Progress towards 2029
We are up 0,3 pct this month! According to the plan, this is what we need each month for the coming years to reach our goals. Being on track looks like a great thing to me! Happy about it.
What is your progress?