Encouraging start and hurdles ahead.

As of today I have 0.3% of a million invested, as in £3000. Having started with only £100 at the start of this blog I am very happy with my progress. It may feel slow but I know every pound I manage to invest will help in the future.

In the mean time, if you read my last post you may be aware that I am (hopefully) becoming a mother in April! I am very excited about this. However, I am not denying the impact this could have on my future and saving plans. This is especially true if I am to consider taking maternity leave for a year.

I am in the very fortunate position to be able to consider spending that amount of time with my baby by being able to save enough in the next six months to make it possible. However it would mean halting the investing a while and calling a hiatus on the plans I have set out so far.

I suppose that the investment would still be there and working for me despite the lack of funding and when I start working again I can then set out to continue investing as much as I can afford.

I am still at a crossroads here, with the unknown ahead of me. I hope I can find some answers and some clarity in the next coming months.

To conclude

Pregnancy, maternity leave and motherhood are all part of the journey. Navigating through whilst keeping to my goal may be very challenging but I am willing to give it my best shot!

“Stupid is the norm”

Whilst lost in the vortex of endless YouTube videos and recommendations, a channel sparked my interest; it ended up being really relevant to what I am trying to achieve here so I thought I would share it with you.

Mark Winnet hosted the interview of a guy called Perry who became financially independent later in life and in three years!

His style of video is short, straightforward and non apologetic. I like that, he doesn’t sugarcoat the road to success.

Stupid is the norm.

I admit, I fit in his description of “stupid”.

I spend more than I should (especially on the approach to Christmas) and I don’t work 70 hour weeks (although right now, it wouldn’t be reasonable as I am expecting!). However, I do have a good emergency fund – though not perfect – and have invested 0.25% of my goal.

To conclude:

I am a work in progress. I’ll just keep trying!

My impressions on my journey so far.

Hello again, long time no see!

Lots going on in my life at the minute so I have been ignoring the website for a while. However, I wanted to share what I am thinking of my saving and investing journey so far.

It’s slow and repetitive

Yes, progress is slow going. As I rely on my monthly wage to save and invest, I am currently only contributing to my stocks and shares ISA once a month. The numbers aren’t going up very fast I can tell you.

At one time, I used to obsessively chart every single penny that I earned and if I spent less than a certain amount a week I would transfer it to a savings account . However, with all that is going on at the minute (viruses and stuff) I don’t really have the mental space to do this at the minute. I check my accounts when I think about it and let the automatic payments do their job to contribute for me.

It is working though as I have 0.19% of my goal invested at the minute with a 4% return (at least that was yesterday, it could be -1% for all I know).

It’s boring and hard work

Okay, this one is probably my fault. I am probably not as passionate about my goal as I was 6 months ago. And that is probably because the gap between what is portrayed on YouTube/Instagram and social media in general and the reality of actually saving/investing are very different, at least for me.

I loved reading Fruglewoods blog posts and their excellent book explaining how they changed their life. Tales of doing home haircuts (which I have learned to do thanks to Covid), packed lunches (they because a necessity at work as our cafe closed) and buying second hand clothes (I have to admit I don’t always do this) hide the daily reality that convenience goes out of the window. In an already hectic life I don’t always have the time, mental space or energy to really engage with this.

(I like my takeaways on a Friday!)

My takeaway from this

You can maybe tell by this post that I am borderline burnt out at the minute and that I am feeling quite overwhelmed by everything that is going on.

This post shouldn’t discourage you to save and invest because the payoff down the road will be immense! I just think that in many of the websites or YouTube channels about FIRE they seem at times to gloss over the daily grind of giving up convenience and how microscopic progress can be discouraging at times.


Keep going! It will be worth it. In the mean time, I know how you feel and how the daily reality of it differs from the highlight reels of Instagram and YouTube.

Do this today and reap the rewards in the future!

Credit: Andrew Kirby
Picture by Andrew Kirby

I love a click-bait title. I am really a sucker for them.

And I’m sure I’ve seen a majority of the ‘how to become a millionaire’ videos on Youtube, in English and in French!

This week I came across two videos which are very similar, from two life/business coaches. Andrew Kirby and Sam Ovens have got many very interesting videos on their channel about productivity, smart thinking and self-improvement. Very much worth a look if you are interested in such topics.

Here are the two videos I watched:

What you’re doing today might not seem to pay off now…

I often fall in the trap of ‘it’s not changing anything, why bother!’

Saving or investing small amounts of money, enrolling for a webinar, reading 10 minutes, meditating 5 minutes, doing a couple of push-ups … These things seem so insignificant. They don’t seem to have any payoffs.

It’s so easy to forget about these little actions we take everyday, be it our lunches, our daily thinking etc.

What this graphs shows… is what everybody keeps telling us. A very abstract concept: it all compounds to create your future.

… but do the hard work now and your future self will thank you!

The 0.1% of a million I have finally managed to invest (yay me!) might look so insignificant compared to my goal. But you have to start somewhere. I can build onto it. And build some more.

And one day, I’ll approach 1%, 2 %, maybe even 10% of my goal. That will already be a huge achievement!

I hate working hard.

I suffer from procrastination big time.

I find thinking about the future frustrating and abstract.

I am impatient.

The truth is that is the only way to fulfill my goals and reach my potential, one day at a time.

To conclude:

I can research as much as I want, watch as many motivational videos as I want, elaborate complicated plans and prevision: nothing will get done if I don’t DO THE WORK!

A life update and goal setting

Hello again, long time no see! So yes, I haven’t posted in a very long time now.

I have been off work, been on holiday (a stay-cation with friends) and have taken part in a redecorating crusade at home. After taking a step back and taking stock of my life so far, I have come to the following conclusions:

  • I have very limited energy.
  • I have ‘shiny object syndrome’.
  • I lack discipline terribly.

I have been listening to many poscasts, youtube videos and audiobooks whilst off and all seem to be saying the same thing. All three things cited above are most likely quite incompatible with the whole building the million pound thing.


So, how do I address this?

This blog, a journey for self-discovery

I am hoping, via this blog to document all the positive steps I am taking towards this very ambitious goal whilst working full time, studying a masters part time and family duties. I feel tired already thinking about it.

I am going to document all the strategies, experiments, tips and tricks that I try along the way if you would like to follow my journey.

To conclude:

Tie your seat-belts, it’s going to be a rough one!

Ps: not only have I now got 0.07% of a million invested, but I am also making some progress with my touch-typing!

Dave Ramsey’s take on how to become a millionaire

The other day on Youtube, I typed ‘Invest £100 a month’. I was trying to find examples or testimonials of people who invested this much a month because, as I have said before, becoming a millionaire £100 at a time would take more than a lifetime.

Well, Youtube didn’t disappoint; I wasn’t prepared for this though! XD

Obviously, if I am breaching copyright I am happy to take this down. However, this video is too good not to share!!! No copyright infringement is intended and all credit of this video goes to Dave Ramsey.

Investing £100 a month, my own – uneducated – calculations

Dave Ramsey here is assuming 12% interest.

I do not pretend to know much about the stock market just now, so I prefer to project using 7% interest. The results I get are very decent and manage to hit my own minimal Financial Independence for retirement. But as the title of the blog suggests, I would be a lot happier with a million pounds.

Investing 15% of income, my calculations

I have just had a small raise of £54 from this month and was wondering how to calculate this amount. I had two options.

Option 1: the first was to just calculate 15% of the new salary.

Option 2: the second was to calculate 15% of the old salary, then add £54 on top of that. That would mean that any raise would get added directly into the investment without tempting me in lifestyle inflation.

In the end, I decided that option 2 would be more in keeping with advice from the FIRE community. Therefore, I entered that particular amount in the calculator, again with 7% interest and 2% inflation.

Again, as you can see, with 7% interest I would probably still not hit a million in 40 years. However, I would end up with a very tidy sum of £742,797,94.

My take away point from crunching the numbers

After playing around with the calculator with some time, I came up with these final, realistic(ish) number.

To retire at the age of 65 with one million pounds, I would have to invest £475 a month (7%, 2% inflation) until then. I better start saving/investing then!

This month I managed to invest £236.74, nearly 50% of that target amount.

So I have some way to go to reach this goal. However, I have hit a milestone this month: I have finally saved up the equivalent of 6 months of salary in my emergency fund!

To conclude: I would love to be more optimistic about the market and have the knowledge that I would need to be able to make similar statements to Dave Ramsey.

One point he did put across powerfully is consistency and discipline are key in this process and that sacrifices can be made to get there.

Now my last question is: after a raise, does my emergency fund need to be topped up to 6 times the new salary?

Exercising without breaking the bank: my personal story

Due to the extraordinary events that have happened this year, many places have had to close, including gyms. As a result, many people stared working out from home.

I have had a love/hate relationship with the gym. I used to go (about 2 years ago) once a week to use the static bike, treadmill and cross-trainer. As I was paying £7 every week and could get a monthly subscription for £25, I took the plunge and signed the contract. That was the last time they saw me!

Somehow, becoming a member was counterproductive for me, as I started making excuses not to go. You may think that it’s because I lacked self-discipline and you would be right . The only difference between January newbies and me is that it actually happened in October.

From then on, I decided the gym was not for me.

What are the alternatives?

I am not an exercise enthusiast. So it’s kind of by accident that I started exercising at home during the pandemic.

Online platforms like YouTube make access to so many free workouts really easy, with plenty talented enthusiast practitioners sharing their tips and tricks.

I have also found that Instagram has a lot a great content once you get over the sponsored content and the perfect body shots.

I think the major breakthrough was discovering ways of exercising that don’t require lots of equipment. Calisthenics and yoga are two sports that I am dabbling into and a great thing about both is that these can be practised, at least in beginning, with no equipment.

Controlling my spending

As with all new hobbies and a recurrent sufferer of shiny object syndrome, I browsed Amazon for exercise aids and equipment.

However, starting this financial journey has lead me to question every single purchase that I nearly made.

The one purchase I gave into in the 2 months I have started exercising at home were yoga blocks and although I am glad to have purchased them and they were really affordable, I know deep down that I could have managed without them too.

The next purchase I want to make is for a pull up bar.

The trick I am using to stop myself buying it in the short term is to delay this expenditure until I reach a significant milestone (serious exercising for 6 months for example).

To conclude:

So what was the point of me sharing this today?

I used to buy all the things when starting a new hobby (I own tap shoes although I tap danced only 3 weeks and good knitting yarn is surprisingly expensive). However this journey has taught me to carefully evaluate what I really need and delay purchases until I know that I am truly commited to my fitness journey.

Staying the course

Image by Free-Photos from Pixabay

When I thought of today’s post, I immediately thought of the following song from Billy Ocean. I have included it here for your viewing pleasure. There’s even a saxophone solo! Classic 😉

So I have to admit that I have my fair share of doubts and frustration on this journey. And it’s only just started. I’m (unfortunately) in for the long haul.

I listened to a summary of a book called the ‘Compound Effect’.

By using this affiliate link you are (at no extra cost to you) supporting this blog, thank you!

The concept is simple: small actions day after day are incredibly powerful . However, the frustrating thing is that, at the time, these actions don’t seem to make a big difference.

How this concept works

Let’s take the following example.

I have been learning to touch type. I am still not very accurate and quite slow compared to my usual two hands random typing style and looking at my fingers as I type; I have been used to this for the last ten years. Although in the short term I know I will be frustratingly and painfully slow, the logical step would be to stop looking at my fingers altogether and touch-type this.

In the short term, it is so much easier to look at what I am doing.

In the long term, it makes so much more sense to touch type.

Which option will I choose?

The more I type with the correct fingers, the better I will get, one paragraph at a time…

Applying the compound effect

Budgeting, expenses tracking, saving every month, investing every month: all these actions are hard to apply consistently. They are also painstakingly medium term/ long term actions. Tomorrow is not the day I will see 5 digit figures in my bank account, let alone 7.

However, it is the sum of all those months tracking expenses, budgeting, saving and investing that will in time make the biggest difference (alongside a higher income).

By devising motivating milestones and laser focus, we can celebrate the little victories along the way. 1% more saved every month doesn’t seem like much. But over the course of 2 years you could be saving a quarter of your income.

If you are wondering, in the end I did look whilst typing. However I forced myself to use the correct fingers for the letters every time rather than my own ‘freestyle’.

To conclude: Stay the course! All the things you are doing now matter. One day at a time.

I am officially at 0.05% of my objective (£500). Never know, 0.1% by Christmas?

Keeping your cool when stocks go down

This morning I logged into my stocks and shares ISA and found out that my £500 deposit was now only worth £498! Where have those £2 gone? Was investing ever a good idea in the first place?

In the short term seeing numbers fluctuate up and down can be scary and daunting; especially given how much hard work is required to save and invest that money in the first place.

It is easy to forget in the midst of this that only a week ago, my investment was worth £506. So how can I avoid that sinking feeling in my stomach when it all seems to go wrong?

Only invest what you could realistically afford to lose.

There is an important reason why most financial gurus out there cite investing as the last step of a financial make over, after saving up 6 months emergency fund.

This money could probably give you a lot of returns. However, it may be years, or even decades before the investment pays off – depending on the market.

Having an emergency fund in an easy access savings account enables you not to depend on selling to get your investment back. And thanks to dear Murphy and his law, it would probably happen when the markets weren’t doing so great.

For peace of mind, only invest what you can afford to lose (even if nobody really wants to ever lose it of course!)

Remember you’re playing the long game

You’ve done your research and in good faith invested in what you thought were decent index funds, ETFs or mutual funds. All the graphs showed a steady increase for the last 5 years (apart from the blip in March). And now your investment portfolio is steadily losing value.

Don’t give up just yet. Have a look at the last 5 years and see how many high and lows the graph shows on a day to day basis and how the average still goes up over the course of the years. One of the huge differences between a fixed interest ISA and an online stocks and shares ISA (like Vanguard for example) is that the daily variations of the market are reflected in the day to day value of the latter.

Don’t get obsessed with the numbers. Just let it do it’s magic in the long term.

Don’t forget, it’s all about learning

I admit that seeing the numbers going down can be unsettling at first and that long term investors seem to have nerves of steel. The good news is: you are becoming one of them!

At the end of the day, people can research for years how to make the best investment, makeup strategies as to how to (hypothetically) time the market and what the best brokerage is… the only way to learn about investing is, unfortunately, to invest!

It is by going out there, out the comfort zone of the ‘what-ifs’ and ‘maybes’ that the most powerful lessons are learned. This initial learning and experience then serve as a solid base for further learning and understanding of the wonderful world of investments, whether you read finance magazines, go through FIRE forums posts or watch Youtube videos on the topic.

Enjoy the learning curve!

To conclude:

First save. Then invest.

Can’t seem to get anything done? You might be dopamine dependent.

I watched a YouTube video the other day which opened my eyes to the brutal realisation that I am an addict.

Yes, I said it. I am addicted. But to what, may you ask…

I have known for a long time that I spend a lot of time on the internet, more specifically on YouTube, and more specifically on self-help and personal development videos. The ones I was praising not too long ago on this blog. Hear me out on this…

They are conceived to give short-term gratification

In a recent post I did explain how there is some great advice given about mindset and goal setting in those videos. They really do get you thinking you have this aha! moment that will change you for the rest of your life.

Although I won’t discount that it could happen to others, in my personal case I have found that although I have seen watched hundreds of videos of this kind on YouTube, I am still in need of watching more , as if I crave that ‘hit’ of feeling that I am working on my goals, despite my personal/professional/financial situation being similar to what it was last year. Hundreds of hours wasted on trying to find that “sweet spot’ of motivation.

Some of the advice may be sensible and the facts true. However, because I am tricking myself in thinking that I am being productive by watching those videos, I end up not taking actionable steps to make any of my ambitions happen. I might watch every video on YouTube about side hustles to find the ‘right one’ or ‘right way of doing it’ instead of taking action. Some research is indeed essential, but too much can impede on actual progress.

What does it have to do with dopamine?

Dopamine is a feel good chemical in the brain. It is released during pleasurable experiences and is part of the ‘reward system’ of the brain.

Like I said before, watching self help videos makes me feel good at the time. But this fades after a while, until I find the next video.

Because I am so used to getting that feeling of self achievement through watching videos, actually grinding at the building blocks of a side hustle or project can feel really tedious in comparison.

Edited reels of hard-working people in films make the process look a lot shorter and painful than it actually is. Even if you work on a project you are passionate about, there will be times when less enjoyable and frustrating tasks have to be done.

How to free yourself from this?

It has to do with the consumer/producer mindset . If you make a list of all the activities you take part in every given day and categorise them, a majority of them should involve you creating or producing something as this develops skills and provides value.

Whether it is through practising writing skills as I am now, playing an instrument, learning a language, practising yoga, building a business, cooking a special dish, producing may be more frustrating in the short term, but will bring the most gains in the long term.

There will of course times where consuming is necessary. The important word to keep in mind here is balance.

And in those times when choosing a book to read or video to watch, mindfulness of purpose is key, whether it is for educational or entertainment purposes.

To conclude: Create, create and create. Then rest.