Finding Enough

The journey to financial independence and a world of choices

Hello!

Every month I look back through the photos on my phone and pick one to add to the post that reflects either the season or somewhere we’ve been / something we’ve done in the past month. This month, I couldn’t resist introducing you to a new friend I met out on a walk. I hope it made you smile 🙂

I am pretty much back to the normal schedule this month, as we put travels on hold for a while to focus on preparing for our house move. The last couple of weeks have mostly been about decluttering and selling anything we are not attached to. We’ve been wandering round the house asking ourselves two questions of each item:

  • Do we love it enough to pay to store it and then ship it across the country to wherever we end up?
  • Would we need to replace it, and if so, would it cost considerably more to replace than we could sell it for?

Anything which doesn’t pass one of these tests is being listed. I have found it surprising what there is a second hand market for. Who knew old CRT TVs are now sought after by gamers? I was expecting to struggle to give it away, but luckily someone gave me the heads up and I was able to find it a new life rather than a sad end at the tip.

News of my departure is finally common knowledge at work. I have focussed on a property development angle as my reason for leaving, and even then I have had a couple of conversations full of bemused pauses with people who just don’t get it. “……So are you going to get another job when you’ve moved then?” “..???…..What will you do for work?”. I have found it easier to be a bit vague, talking about paid off mortgages and finding and project managing a property development keeping me busy for the forseeable future.

Our house sale is moving along; we have just received the contract for signing along with a few questions from the buyers’ solicitor. We are shooting for completion the week after I finish work, so about 4 weeks to get everything sold / packed and stored. Annoyingly, Mr Wombat has a job that is dragging on for various reasons, so I think it is going to be a bit of a rush to the finish line, but I am sure we will sort it out. I only have 5 working days between now and then!

I have been with the same company for 15 years (albeit in 4 different roles), so I was wondering if I would feel sad as my last day approached, but it hasn’t happened yet. My diary is starting to fill with leaving meals and ‘catch up lunches’ before I go, so maybe there is still time for that to change.

Onto the numbers, and it is a little weird to think that June is going to bring my last monthly salary. All of this hypothetical planning is really going to be put to the test. The last year or so of not accumulating, but also not having to withdraw funds, has helped me to get used to the idea, but it will be interesting to see if it is a cause of anxiety when it does become our primary source of income……

Freedom Fund Value: £1,243,179

Hypothetical monthly income @4% SWR: £4,144

Actual monthly expenses: £1,912*

At the end of May the freedom fund had edged up again, and expenses were back to a more average level. We are starting to build up a pot of real hard cash as a result of ongoing furniture sales, so I might have to visit an actual bank at some point!

Miles walked in 2022: 778 (vs. target of 1748 miles by the end of the year – or the equivalent of Land’s End to John O’Groats and back). I am still on track to reach the half way point by the end of June. Plotted on a map, at the end of May I would have been be near a small village called Lothbeg.

I have always found walking to be a great way to clear my head or work through a knotty problem. I always thought it was the rhythm and fresh air, but a friend is convinced it is all down to pressure points being activated in my feet. Maybe it is both. I wonder if all this extra walking is why I am feeling so clear and relaxed about taking such a big step? Then again, maybe it’s just because it is the right next step for me.

The next time you’re feeling anxious or conflicted about something – try a long walk.

*Includes £500 per month personal allowances (£250 each), which may not be spent in the month, but which is not tracked. Some of it may show up in the freedom fund in the future, if savings build up and are invested.

2 thoughts on “Financial Independence + 29 Months, May update

  1. Al Cam says:

    Gamers using CRT’s was news to me too – who’d have thunk it!
    I’m not sure how long you have lived in your current home, but this post may be of some interest: http://quietlysaving.co.uk/2022/05/25/decluttering_my_life/
    Interesting times ahead – and again well done and best of luck to you.

    Like

    1. Thankfully, despite having been in this house for nearly 11 years, we don’t have anything like that amount of stuff. Because we will be nomadic for at least a few months, we want to travel as light as possible, and only store things which we would really hate to see go. It is quite cathartic actually; the end of one era and the start of another.

      Like

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