That’s me, financially independent and not having to work to provide for myself. Well that’s a free google image, but that’s the dream, hopefully not too far into the future. (Well, 2030 according to the girlfriend and her ambitious plans for me shower her with Tiffany’s by the time I’m 48.)
Faced with the increasing likelihood of receiving a UK state pension well into my seventies,(currently the UK State Pension age will rise from 66 to 67 between 2026 and 2028) and also living in one of the world’s most expensive cities, London, I decided at the age of 33 to take control of my financial destiny and become a dividend investor.
Like many, I spent my twenties travelling and enjoying life without a single thought about the future. Despite this, there was a tiny nagging voice in the back of my head. As it murmured about boring things like pensions, finances and how I would support myself one day when I was older, it was always silenced quickly in the pursuit of the next adventure. I also thought my financial situation would magically sort itself out eventually somehow. It was only when I reached my thirties and entered the real world of work that it dawned on me that I’m not cut out for the rat race. I needed to start making my money work for me (since I would prefer not to work for it). Nearly three years on, it has been the best decision I’ve ever made and the proof of it will be the documentation of my journey on this blog. The growing dividends I receive month after month show me I’m on the right path; I only need to stay the course.
People often say to me, ‘Why bother saving for tomorrow when you might not be around to enjoy it?’. But what if that doesn’t happen? Growing old in a world where I would struggle to maintain a decent standard of life holds no appeal for me whatsoever. But living in a world where my 60-something year old self wishes he could shake hands with my current self because I’ve enabled him to retire early and enjoy life to the fullest, with no money worries at all, is one I can totally get on board with. That doesn’t mean, however, that I don’t enjoy my life in the present. I strive my best to achieve a great balance between enjoying the here and now, while also setting myself up to be in a great position many years down the line. Hope you enjoy the journey with me.