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This month has been an interesting one, as itās been quite a volatile one for my investments. It is difficult to log in each day and see such varying numbers! But, itās a long term thing so I need to keep some perspectiveĀ šĀ it doesnāt matter until the day you sell, after all.
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As Iāve said previously, ourĀ Ultimate Dream Fund is named because it is our dream to retire early, and we need the funds to make that happen! One day, this fund will provide us with the money to live on when we leave our 9-5 jobs and time will be all ours. Thatās the biggest motivator for achieving our goal. Being able to spend our time with our family is what weāre doing this for; thereās nothing more meaningful to us than that. As it comes every close to us being a two children household, I am wondering about the impact on our finances overall. I suppose we need to see it as another challenge!
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The dividend income we received in November has already been reinvested so that it is working hard for us. A post will be up on Friday about what we received; itās lower than some months, but the last months of the year, for me, are lower paying ones. Receiving dividends throughout the month means that I get multiple small pay checks each month. For doing nothing! I still love the dividend investing approach. Over time, the percentage reinvested will increase and so the amount needed to be saved from income will decrease, or weāll be able to speed up the process! All of this isĀ within my stocks and shares ISAĀ which isĀ withĀ Hargreaves Lansdown. It is very easy to use and Iād definitely recommend them.
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As of November 30th, our Ultimate Dream Fund looks like this:
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Ah, look at that š the first time in a long time, thereās a red colour on there. A minus number. Iām so disappointed! I knew that during the month it was going to be touch and go, but at the end of November, Iām down on the previous month. In fact, this total is -Ā£134.77 which is difficult to write. I put just over Ā£500 into the fund during the month, so you can quite clearly see how that has goneā¦.! Iām also still not over the Ā£20,000 barrier, which is frustrating.
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Finally, here is the progress since I started the Ultimate Dream Fund in June 2015:
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How was November for your savings/investing targets? Ā
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I really do like your monthly updates! It helps me feel that we’re all in the frugal game together and gives me perspective by being able to see another person’s monthly journey. I would love if you continued the updates!
I for one enjoy reading your monthly updates. I’ve been pondering getting a S&S ISA for months but haven’t got round to it yet. Feel like there’s so much info to take in before I take the plunge
Quick question re your savings – is your ISA money easy access? If not, do you have an easy access ’emergency fund’ (is that what your savings account is?) I’ve read you should have around 6 months living expenses in an emergency fund before investing and was wondering if this is something you do.
Thanks for sharing! I find this post helpful so I can see exactly how your money is growing each month. Too often I think people want to shroud finances in mystery, which makes FIRE look like it’s something only meant for trust fund babies.
I love reading you update each month, it gives me something to aim for. Even though my savings are no where near the level of yours yet I’m hoping one day they will be.
Thank you for your feedback š
Hiya,
I do enjoy all of your posts, though perhaps not this type of one as much as the others for some reason.
Hopefully next month will be a great month and you’ll break that Ā£20k barrier š
Thanks for your feedback. And I’m hoping so!
I think this is interesting to read but I’m not sure that it’s good for you. You’re right, investing is for the long haul so it might not be best for you to look at your overall fund monthly. Quarterly might be better, but post monthly about what you are saving from income.
I might do a quarterly update next year; we shall see š
FC –
Stay positive, stay consistent, stay hungry and focused : )
-Lanny
I need to print this and have it somewhere to remind me!
I do love your monthly updates! I dont know why but it inspires me to keep going when you read peoples real numbers and see that we are all on our way to FIRE and that it takes ups and downs to get there!
As for my investments, I’m very new to FIRE so decided to set up my own blog to record my journey of getting there. I’m hoping to have investments one day though:)
Little Miss Fire
LittleMissFire
Good luck with your investments! š
The 20 K your almost their and not far to go. I think its great yoy post about this maybe it would give you some relief to do it quarterly and you would hopefully see bigger transformations for the long haul. I love how you do this monthly and it can,inspire others though it sure has me. I love all info you offer and write here. Looking forward to see it in 2018. I love the tighty up accounts but my husband and I live in one very, very, low income!I’m looking for ways to implement saving in our lives! Love your blog!