Reached my first saving target

A couple of months ago I set a saving target. I wanted to have $10’000 in the bank when I left Australia. Despite the rising dollar (my money is actually in pounds, although I think in dollars), just over 2 weeks behind schedule, I have reached my target.

If I lost all income tomorrow, I could live comfortably for 6 months. Probably a lot longer if I stay in South America. But even in Sydney, I could live comfortably for 6 months.

I’ve come a long way since I left the UK 3 years ago with around Β£25’000 of personal debt.

Financial security is a wonderful feeling. I now know that I can choose the work I want to. I can act with confidence in all my working relationships. I can refuse to compromise my integrity for a buck. I can do all that because I don’t need to worry about where next week’s paycheck is coming from.

My next step is financial freedom, living on passive income. It will be some time before I reach that target, but it’s a very significant milestone to be financially secure.

Happy days.

Look at all the things you can do with one dollar bills! Thanks flickr.

7 thoughts on “Reached my first saving target”

  1. Well done callum! It is good losing the bank hanging over your head. Gosh, 3 years on the road (and 3 years of me and N) – we’ve missed u πŸ™‚ Jc.

  2. Amigo,

    Me the funky mexican that you helped resolve the inernet.math. blog confusion.. just wanted to say kudos to you for all the wonderful things you are done… just reading a bit about you and what you do inspire me a ton… i have the same goals, but not there yet… i make small sites(we have to start somewhere right– and my goal for this year was 10 and i hit that) … didn’t save any money but enough to pay bills and dance a lot of salsa dancing… i tell you i can show you.. πŸ™‚ … I might possibly e-mail you in future and hopefull I and you can make another friend if you do want another . πŸ™‚

    thanks again

  3. @rigo: Aha, you are Mexican and I’m in Mexico. πŸ™‚

    Glad we got your problem sorted. Hopefully the server admin can reconfigure the server so it works without the hack.

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