New Beginnings (July 30, 2012)

Again, I apologize for the dearth of updates on this site as of late. I had to travel again for work these past few weeks. This time, for a different reason – I had to tidy up some loose ends before quitting my job. Yes, that’s right, I am leaving behind my current position and taking on a different position at another high-tech company! No, I still haven’t achieved semi-retirement or full FI yet, but this still marks a pretty exciting time in my life! FI is the ultimate dream, but I’m still extremely grateful and excited for this new opportunity. I was able to land a new position that promotes me two levels above where I was previous (I am now a senior level engineer, woohoo). I also got a hefty pay raise of ~ 15%, in addition to stock options, RSU’s, annual bonus, etc.

So, you know what that means, right? I’m going to receive a bigger paycheck every two weeks, so now I can spend, spend, spend!! I’m going to start researching the latest BMW’s and make sure I get the coolest new model so that I can show off to my friends. Also, I need to upgrade my rent and find an apartment that is located in a more upscale neighborhood. Once these items are taken care of, I’ll probably just blow the rest on fancy dinners and alcohol.

…Or not… ok, just wanted to make sure you were still with me 😉 Actually, my plans to achieve FI remain the same. Since I have been aiming to save roughly 70% of my net income every month, with the added pay raise, my goals will only scale upward to compensate for this difference. In other words, no fancy new cars, apartment, dinners, spending, etc. If anything, I will shoot to be even more frugal with my money. The results will be evident in September when I post the monthly expense report for August (which will account for the new pay increase). I’m shooting for 75% savings in net income.

Well, I start the new job Monday morning. Have a great week everyone!

 

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Dividend Mantra
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Congrats on the raise at work. I received one myself at the beginning of the year and it’s been a huge help supercharging my saving/investing goals.

Good job on diverting that additional income toward savings instead of spending it all away. Easier said than done.

Best wishes!

Compounding Income
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Congratulations! If you keep up the savings, investing, and real estate you’ll be retired at my age or at least have the option. I’ll be staying tuned to see how it all works out. Keep blogging!

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