Welcome to 2019. Happily we no longer have President Zupta running this place, but unbelievably there’s still a weird orange man in a big white house trying to build an impossible wall. Enough of the politics though, like we did in 2017, lets see what I learnt in 2018.Continue reading
Last week was my first full week back in South Africa for two months. In that time I went to Madagascar, Portugal, Spain, England, Germany, Durban*, Tanzania and Mozambique. Five of those were work, or at least as much work as it is having an utterly great time flying drones all over the show! If you’re interested I’ll put a few photos at the end of this post.
Now you might be thinking after all that traveling that it would somehow be out of my system, but like most addictions, doing more makes you want more, and all it’s done is made my wanderlust much worse. Happily, wanderlust can be a very positive part of early retirement, as you saw with the previous post about Andre and Lisa who’ve been traveling through Europe for the past 6 or so months. Not only because it’s been scientifically proven that spending money on amazing experiences can actually buy you long term happiness, that learning a foreign language helps stave off Alzheimers or that travel is scientifically proven to lower your risk of death. All of those reasons are fantastic of course, but did you know that retiring abroad can also be a financial benefit?
It’s been a year since I interviewed Andre about his amazingly well executed plan to retire very very early, and it was the most popular post on this site in the past 12 months. At the time they had expected to leave the working work in a years time when he’d be 46, and his wife Lisa just 36! Like so many things, life doesn’t always go according to plan.
Now if you’re expecting me to tell you that they realised their madness and that it’s actually impossible to retire when you’re so young and especially when you have idiot presidents stealing all the money or blowing their trumpets and trying to ruin the global economy you’d be wrong. Instead of taking another year they moved their plans forward!
Yes we all do a lot of very stupid things, but the stupid things I’m talking about here are things we probably don’t think are stupid, but boy do they affect our pocket.
Dear Investor Challenge
I’ve been saving and investing a third of my take home pay for quite a few years now, and even though I have nearly R7 million (R6 and 3/4 million to be exact!) invested, at my current savings amount of R15 000 a month, it’ll take me another 4 years to get to the R9 million I need to be able to retire spending the R30 000 a month I do now.
By then I’ll be 48, and who knows if I’ll still be able to go cycling through Europe, hiking in Patagonia or backpacking through Asia.
Surely there’s a way to speed things up a little?
Ms Impatient Saver
A couple of weeks back I went to go wish Kristia and the rest of the Just One Lap team a huge congratulations on their 100th podcast. It’s a fun show to listen to, nothing like the rubbish you’d see on CNBC, or the meaningless drivel you’d read in a typical finance paper. If you have some time on your hands go and give a few shows a listen here.
To celebrate this massive milestone, they’d planned to interview Sam Beckbessinger about her wonderfully titled book “Manage your Money like a F*cking Grown Up“, but being from Cape Town meant that Sam hadn’t experienced real Joburg traffic yet, and was running late.
That meant that instead of starting with Sam, Kristia cornered me and asked if I’d be happy to step in as an opening act of sorts, like when the Beatles opened for Roy Orbison, she never said 🙂
Kristia from Just One Lap grabbed me at the 100th podcast celebration as the other speaker was running late. Happily she never told me it was going to be recorded, or even that I would be speaking otherwise I’d have been far more nervous
And if you’d like to follow me on twitter, click here: @worldisee
Once upon a time when I was young and stupid I had the idea that it would be nice to have a large house on an expensive property so I could impress my friends, show off to people I didn’t know and win the love of Keira Knightley who would one day walk past gasping in my awesomeness before rushing inside and switching her outfit for Nutella.
A short while later the golf club near where we used to stay decided to become a golf estate, and I jumped on the opportunity to buy a stand there. I wanted a boundary stand rather than one on the golf course edge. There were three reasons for this. Firstly I have a friend who lives on the edge of a golf course, and he needs to replace a window at least once a month, and that would affect my allergy to housework so it just wouldn’t do. Then of course it’s cheaper to be on the fence than on the course, and I do love a good deal, and finally as I lived on the same street, I knew that the area on the other side of the fence was earmarked to be a permanent greenbelt, and it was going to be stocked with game.
I love a good holiday, doesn’t everyone? Traveling is the drug of choice for my wife and I, and between our work and pleasure trips we sure do get around. Last year I went to 10 different countries, while my wife went to 9.
Half of my trips, and two thirds of my wife’s were for work, but if you’re thinking that means we didn’t have to skimp on costs you’d be wrong.
Unlike my suit wearing friends who seem to have bottomless expense accounts, I get given a daily sum of money depending on the city I’m going to. If I spend more than that it comes out of my own pocket, but if I manage to live on just a portion, the rest stays in my bank account, and I get to add it to my regular investments at month end.
I do pretty well too, I’ve never used more than half my allowance, and thanks to all the travel hacking I try to do I often spend less than 25%.
For private trips travel hacking is a must. We always aim to maximize enjoyment for the minimum costs. We don’t hold back on experiences, for example we happily paid R1600 each to climb the Villarica Volcano, but wouldn’t dream of spending that amount on a hotel room.
Sharing is caring, so here’s a great big list of travel hacks we use regularly.