It’s time to end Unconbentional.
After two years of posting 4x a month, and one year of posting 2x a month, I’ve said all there is to say. Anything I post now will just be some variation of “don’t buy stuff, invest in index funds, work hard, staying active in retirement will make you richer and happier, et cetera”. There are few places I can go from here that aren’t covered better on another blog. That’s not to say I’m giving up on my journey; I invite you to follow me on Twitter where I’ll provide continuous updates. For now though, it’s time to wrap this blog up with a neat little bow. Expect two more posts, including an update from The Other Ben, and how far he’s come on his FI goals.
I’ve improved my financial health, but not as much as I thought. My income hasn’t changed significantly, and though I now have heaps of knowledge and theory about saving money, my discipline has been poor. For instance, I once got my monthly alcohol expenses down to $408.94 (which is still an insane number). Last month, it shot back up to more than $900! James Frick is right. I can write about my goals, but am I taking appropriate steps of action? Probably not.
Using last month’s numbers, I still spend $2,733.23/month. (The month before was more, but there was a job loss there, so I’m trying to work with a more stable number.) Back in January 2016, I was spending $3,363.26, so there’s been an 18% improvement! I’m happy to say I’m now putting aside $250/month straight into index funds, and also attacking debt as best I can. The plan now looks roughly like this: I started with about $20,000 invested on my 30th birthday, and I’m adding $250/month forever. With 35 years to grow at 7% before I “retire” at 65, I’m looking at $650,000+ and I’ll still have my 99-year leasehold with over 30 years left on it. Am I maxing out my RSP? No. Am I even maxing out my TFSA? No. But I’ve got a plan, and I still intend on working in some capacity forever. I’m trying my damnedest to make my financial future my priority. (James Frick would say otherwise. $900 on booze, and only $250 on investments? No bueno.) This is why personal finance can be so hard for people. I’ve written 75,000 words about what we should all do financially, but my bad habits have held strong. I have a drinking problem. I’m not as frugal as I think I am. And you know what? I’ll suffer for it.
All things considered, life is good though. I eat and drink what I want, and my housing is stable. That’s pretty okay, and I’m lucky to have that. I hope now to increase my income by allotting more time to my photography business and less time to this blog. Instead of talking about money, I’ll be spending more time earning it. And with that, it’s time for me to sign off. It’s been a great run, and there are two posts left. For some real inspiration, make sure to read our penultimate post. The Other Ben is still a personal finance wizard. Listen to him, not me.
I hope I’ve helped.