I passed some important milestones in 2015, which saw my dividend income pass £6,000 for the year, and I also took the value of my FIRE Engine past £200,000. The most important milestone to me though, as my figures show I should reach Financial Independence in 2017, is that I can now say that I will be finishing work next year.
I received 48 dividends throughout the year which totalled £6,099.28 varying in amounts from the lowest of £15.00 up to the largest of £ 422.20, with my best month being in August when I received £1,159.80 and the “worst” being in February when I received £ 307.03.
My portfolio (which I have named the FIRE Engine as it is this which will allow me to reach Financial Independence and Retire Early) passed the £200,000 milestone in October and has fluctuated around this value since then as the market has fallen and risen, and now stands at £202,245.26. This value should continue to increase as I add more money each month (paying in to both my ISA and company defined contribution pension), plus when I receive payments from the shares I own in my employing company I pay these extras into my ISA.
The biggest milestone is that my freedom from wage slavery is rapidly approaching and is now about a year and a half away, so I can now say that I will be retiring next year (roll on January 1st 2017, when I will be saying I am retiring this year). This will be a culmination of ensuring that I regularly save a significant proportion of my income and make sure that I don’t succumb to lifestyle inflation, and in accordance with this philosophy I will be taking all my pay increase from January onwards and saving this extra amount into my ISA to further increase the amount I have available at FIRE time.
Has anyone else passed any significant milestones in 2015, or expect to pass in 2016?