You guys are probably sick of reading about our house move by now. I know I’m fed up writing about it! All I want to do right now is get going on the fun part – the decorating. But I have to wait, hopefully just one more week.
Anyway. Financial Freedom and Focus!
Over the last few days/weeks M and I have had a lot of discussions about the future, and where we go from here financially now that the mortgage is gone. We know that our goal timescale for Financial Freedom is ten years, but we’re slightly undecided of the exact financial path we’ll take during those ten years. However for the now we have to have something to work towards and focus on, which means having a set of written down goals. A plan. It’s the only way we can stay focused.
And here’s what we’ve come up with so far. Of course we’ll need to break it down a little every year, but this is exactly what we need to re-focus.
TEN YEAR FINANCIAL FREEDOM PLAN: JULY 2014 – MAY 2024
- Invested assets at 25% of goal by December 2016
- Invested assets at 50% of goal by December 2019
- Invested assets at 75% of goal by December 2021
- Invested assets at 100% of goal by December 2023
- M retire from f-t workplace
To help us on our way I’ve done a lot of work on our new budget set up, and organised all of our bank accounts. I’ll talk about this more when I’m back on my computer. (The laptop I’m using right now hardly works and so posting spreadsheets is out of the question lol)
It seems simple enough! Ha! The longest step is the move from 25% to 50% because we’re not starting at zero for the first step. Anyway we’ll see how we go. At least for now we have something to focus on, which was our main aim.