Friday, 4 December 2020

The Urban Nomad’s Seventh Anniversary

So, it is that time of year again, the anniversary of when I started this Urban Nomad’s Journey. 

It was on December 5, 2013 that I made the decision to downgrade my lifestyle to get rid of debt.   

Okay, so today is the 4th of December, but I blog on weekdays and not on weekends, so I will do the anniversary blog one day early.

It has been an eventful year, but let’s look back on my goals from last year. They are, or were . . . 

I will continue to hold true to my Fiscal Directives, but I will also rededicate myself to my Grand Savings Plan.

For the past while I have been concerned about what is going on in the world and unsure of how much to save and in what form.

I have to remember that I do want to move on to the next phase of my life as soon as possible, and that is the Homesteading Phase. 

I know that to be successful I will need cash, so I am increasing my target amount and pushing back my target end date. 

I am now going to save up $200,000 by . . . well . . . let’s say summer (or at worst late) 2024.

Okay, so I have held true to my Fiscal Directives and kept on with my Grand Savings Plan. The Target is still $200K and that is on track to being met on or before spring of 2025.

I am still working on all of that and I am happy to not be alone on this journey now, yes, I am speaking of Kim.

I am pretty much just carrying on from last year, still working to save as much as I can as fast as I can. 

Life and expenses get in the way and it is true that I could do more to spend less, but for the most part most of my free cash goes into savings.

The stock market seems to be helping to make up for my poorer choices in the gains that I have seen over the past year.

I know that the stock market is gambling and so it could go down as fast, or faster, than it went up. All I can do is keep on with the ride and try to get out before it drops.

It is still hard to believe that it was seven years ago (tomorrow) that I had that fateful moment where I decided to just do something in order to eliminate my debts.

I didn’t know exactly how I was going to do it, I just knew that I was going to upend my life in order to become Totally Debt Free.

Once I became Totally Debt Free, I decided to build up my savings, which is what is on the other side of Total Debt Freedom . . . Wealth Building. 

I know that I am not a rich man, not by a loooooooong shot, but I am on my way and at the very least I have my freedom because I have no debts. 

I could upend my life once again and just go somewhere and do something radical, simply because I have no debts to tie me down, only current expenses to look after.

That in itself is what freedom looks like.

As always: Keep your head up, your attitude positive, and keep moving forward!

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