tag:blogger.com,1999:blog-6982074187857516038.post922429201278075078..comments2023-06-19T04:16:35.293-07:00Comments on The Organised Redhead: My Revised Roadmap To Freedom for 2017Organised Redheadhttp://www.blogger.com/profile/05210528791993069492noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-6982074187857516038.post-51220663800459411062017-04-12T05:50:03.467-07:002017-04-12T05:50:03.467-07:00Hi Sarah,
You're quite right about these bein...Hi Sarah,<br /><br />You're quite right about these being ambitious savings goals - I'm still not sure how I'm going to achieve the Freedom Kitty (ISA) goal, but I figured I'd try setting myself a lofty target to push myself to strive for it...<br /><br />I absolutely know how you feel with being daunted by a hugs savings target. I think the psychology of the huge "mountain to climb" in the early years of the FIRE pursuit journey is quite possibly the hardest part. I think the very fact that you're doing something to up your savings, even if it's not necessarily the amount you feel you ultimately need to be saving yet, puts you ahead of the vast majority of the population who never even think of saving for early retirement (some don't even save for regular retirement!)<br /><br />I wish you all the very best with your saving, and hope to update soon on how I'm getting on with my goals and targets this year.<br /><br />OROrganised Redheadhttps://www.blogger.com/profile/05210528791993069492noreply@blogger.comtag:blogger.com,1999:blog-6982074187857516038.post-62818865618399490532017-04-08T02:29:07.743-07:002017-04-08T02:29:07.743-07:00Hi, wow they are ambitious savings goals! It's...Hi, wow they are ambitious savings goals! It's great you've pinned down exactly what you need to be saving to reach your goal, and that they're realistic for you. I've found it daunting faced with a huge savings target if I try to work out what I'd need to do in an ideal world, so have been increasing my savings bit by bit to give me time to adjust to having less available to spend. I'd definitely like to work towards a focused goal though, so will be following your progress with interest! Good luck! Sarah@themoneydiary.co.uknoreply@blogger.comtag:blogger.com,1999:blog-6982074187857516038.post-78196372153994840482017-03-10T05:32:14.608-08:002017-03-10T05:32:14.608-08:00Hey TFS,
I have to confess with the ISA savings t...Hey TFS,<br /><br />I have to confess with the ISA savings target that this is really going to be a stretch challenge for me. The only way I'm going to be able to achieve it is if I really up my efforts with side income hustles like kindle publishing. I reckon I can manage £1,000 per month at best before I really have to hustle for the rest!<br /><br />Also, being a freelancer, if later in the year I finish my current contract and opt to take some time off I'll have to seriously rethink my target for the year. But I figure aim big and I'm at least pushing myself to save as much as I possibly can!<br /><br />Thanks for the good luck wishes. Good luck for your year ahead too. I'm about a month behind in my blog reading at the moment, so I have some catching up to do.<br /><br />OROrganised Redheadhttps://www.blogger.com/profile/05210528791993069492noreply@blogger.comtag:blogger.com,1999:blog-6982074187857516038.post-30297973549604555362017-03-09T14:32:39.660-08:002017-03-09T14:32:39.660-08:00These are some big goals indeed! In fact your savi...These are some big goals indeed! In fact your savings target is bigger than my actual monthly income... <br />It's all down to personal circumstance of course and you wouldn't have set these goals if they weren't achievable, but good luck nonetheless :)theFIREstarter.co.ukhttps://www.blogger.com/profile/11161550795321520113noreply@blogger.comtag:blogger.com,1999:blog-6982074187857516038.post-25975026559752202732017-02-13T14:21:52.691-08:002017-02-13T14:21:52.691-08:00Hey Weenie,
You're quite right about these be...Hey Weenie,<br /><br />You're quite right about these being big savings targets...eeeek! The thing is, they have to be big if I have any hope of achieving my retire by 50 goal. So I'm going "all in" and just going for it!<br /><br />It's great to hear your financial targets - a 50% savings rate is definitely a big goal. I'd love to have goals around dividend income because it's such a tangible thing to see your savings grow. I don't feel confident investing in individual stocks and shares for dividend growth myself though - I don't have the time to do the research, so I'm sticking with simple Vanguard Lifestrategy investments for now.<br /><br />All the best of luck for your goals this year and we can chat more in March - I can't wait for the FIRE Escape, should be loads of fun!<br /><br />OROrganised Redheadhttps://www.blogger.com/profile/05210528791993069492noreply@blogger.comtag:blogger.com,1999:blog-6982074187857516038.post-35653852490012168412017-02-12T03:07:09.720-08:002017-02-12T03:07:09.720-08:00Hi OR
Great to see your plan for the year and the...Hi OR<br /><br />Great to see your plan for the year and the future. That's some big savings targets you're committing yourself to but being FI before 50 is a fantastic goal to aim for and one that will keep you focused and motivated.<br /><br />The two financial targets I've set for myself will be a challenge - 50% savings rate needs me to have work to achieve and £1.5k dividend income needs extra capital to increase! Let's see how I do!<br /><br />Anyway, looking forward to meeting you in March at the FIRE Escape! :-)<br />weeniehttps://www.blogger.com/profile/01602950445306813601noreply@blogger.com