Getting FIREd up 😀

debtfreeoneday

South_coast said:

Cor, that one about holiday rentals that I've just done was hard work though 😯!

Yes. I’ve just done that one this morning!  

South_coast

Well done - I wouldn't wish that on anyone 🤣!

South_coast

OMG, what has gone on in the stock market this month 😱??? Everything up by crazy amounts - one pension had increased by almost £2k 😳! 

Full figures later, but a snapshot in the meantime:

edinburgher

I completely agree SC - I was pleased when SIPP passed £80k this year, it is now a smidgeon past £90k!

Well done on a successful month

South_coast

Thanks, Ed - I'm just staggered!

South_coast

Right, full summary time 😀

First of the month round-up....

• Cards minus savings: £3,404.45 (DOWN £3,102.75)
• Savings for retirement: £147,792.77 (UP £5,074.49)
• 7.88 years to go

Another absolutely incredible month 🤯🤯🤯 Almost £8.5k in positive movement, which again is way, way, way more than I earned from working in the same period. It's very strange to think that my money works more profitably for me than I do 🤔🤷‍♀️!

I would LOVE to be at zero on the cards by this time next month, but no matter how much I stare at my spreadsheet, I just can't see that it's do-able. This is the problem with setting targets and tracking them so closely - merely achieving them (rather than beating them) is never sufficient 🙄! Oh well, 1 January it is!

South_coast

If I have another good month next month, then it looks like I'm on track to pass £100k in pensions and £150k for retirement overall - insanity!

edinburgher

Less than 8 years is absolutely phenomenal - well done you!

I enjoy watching your achivement, we were also in the position of having our pensions earn roughly 1.6x our actual wages for the month. Like you, I'm not a million miles off £100k in pensions, would love to get there before the AI market crash No insider knowledge, bound to happen eventually...

South_coast

edinburgher said:

I enjoy watching your achivement

Awww, thanks Ed 🩷 And I you too! I'm so thrilled you've got the new job, you won't know yourself in a few months' time!

OhIJustLostMyShoe

South_coast said:

OMG, what has gone on in the stock market this month 😱??? Everything up by crazy amounts - one pension had increased by almost £2k 😳!

Congratulations!

Not just the stock market though.  If you're invested outside the UK, £1 is worth about 5 cents less than it was a month ago, which means your investments outside the UK look about 5% more valuable when you're pricing them in sterling.

Obviously it can go both ways, sterling is worth more than it was in January, but it helps to explain some of the more amplified swings we see from time to time.