Thursday, November 2, 2017

October 2017 update ($471,746 +$13,306 or +3%)

Emerging Markets Stock Index Fund is up by 4.9 % or $6,368
Eurozone Stock Index Fund is up by 2.4% or $2,914
US 500 Stock Index Fund is up by 2.2% or $2,423
Global Small Cap Index is down by 1.5% or $1,600

Grand total additions:  $13,306
Financial Independence - October 2017 update  - http://www.niterainbow.com

Tuesday, October 17, 2017

Zero based approach to life

I developed number of time and money consuming habits, commitments and routines. Working from a starting point of zero I could change my life from a clean sheet of paper and a "Zero-based" approach. Zero-based approach to financial independence helps to reduce amount of time and money through rationalisation of every routine and habit that become part of new life.
This review exercise helps to make it clear (visible) and understand behind what I do, to sharpen the focus. Zero-based approach to financial independence requires courage and be ruthless to your existing habits and commitments.
How can it help:
- Does your current habits and commitments exceed amount of time and money you need?
- Do your routines litter your life with non-value added and wasteful tasks?

- Are your life commitments accurate and consistent with what you want to achieve (your goals and desires)?
Zero Based Approach to Financial Independence and Life - Copyright http://www.niterainbow.com

Sunday, October 8, 2017

Family budget 2017

This is 9th year we are keeping our family budget formally, recording every expense and trying to make sense of it all at the end of the year.
Family budgetting for 9 years. My open wallet, true and honest discussion about finacial independence.
 Overall: Almost in every category we exceeded our budget from previous year, but also from 6 year average almost in every category. Inflation (officially reported as 3% last year but with british pound collapsing 20% to US dollar feels more. Additionally, looking at energy prices – over 25% increase from 2011).

Friday, October 6, 2017

September 2017 update ($458,441 +$9,449 or +2%)

Eurozone Stock Index Fund is up by 4.4% or $5,181
Global Small Cap Index is down by 4% or $4,109
US 500 Stock Index Fund is up by 2% or $2,099
Emerging Markets Stock Index Fund is up by 0.1 % or $146
Grand total additions:  $11,535

EUR is down to USD by 1% or $2,086  for my portfolio
Total loss: $2,041

Financial independence - my open wallet progress and tracker

Tuesday, September 26, 2017

How to calculate economic return on loft insulation and energy consumption in developed world

    When we bought out house loft insulation had only 25 mm loft insulation thickness, with recommended 275-300 mm of fiberglass.  I decided to do put some more, while also use it as an opportunity to clean up the dusty loft (no storage there).
With the current insulation in winter our second floor was colder than first floor due to roof loft heating losses. Additionally, I was encouraged by perceived saving due to improved insulation.
      How to calculate economic effect from insulating your loft and any potential energy savings?
Previous insulation – 25 mm, new – 275 mm.  I decided to use mineral fiberglass insulation, although if I do it again I would use more expensive natural wool. Advantages of natural wool: it absorbs condensed water and then evaporates it, traps any gases and contamination (i.e. breathes), does not loses thickness when gets wet with condensed water.  Disadvantage: more expensive, perhaps more flammable.

Materials I used for the loft insulation:
Diall Loft insulation – 23 rolls - 290 GBP -3m2 per pack, coverage - 68m2.
Gardman Bubble Greenhouse Insulation - 6 rolls - 99 GBP (as a vapour barrier).
Knauf Eko Roll Loft Insulation – 14 rolls - 280 GBP – 5.5m2 per pack – coverage - 77m2.
Loft Vent Trays (plastic) – 40 pieces – 60 GBP.
Total cost:  730 GBP or 10.2 GBP/m2

      Additionally, I used this as an opportunity to apply some teak oil to the joists and the roof beams, to preserve and protect them - 20 L at 160 GBP. No installer will do that for you, unless you specifically ask and pay.
All together it took 5 days ~ 7-8 hrs each or 40 hrs.
 How I calculated the economic effect and return on the loft insulation:

Wednesday, September 13, 2017

August 2017 update ($448,991 +$1,333 or +0.3%)

Emerging Markets Stock Index Fund is up by 2,4% or $1,724
US 500 Stock Index Fund is up by 0.2% or $234
Grand total additions:  $1,958

Eurozone Stock Index Fund is down by 0.5% or $537
Global Small Cap Index is down by 0.1% or $88

Total loss: $625

Saturday, August 5, 2017

July 2017 update ($447,658 +$17,520 or +4%)


↑ Emerging Markets Stock Index Fund is up by 2,4% or $2,915
↑ Eurozone Stock Index Fund is up by 0.3% or $325
↑ US 500 Stock Index Fund is up by 2.0% or $2,010
↑ Global Small Cap Index is up by 2.2% or $2,253
↑ EUR is up to USD by 4% or $10,018
Grand total additions:  $17,520

Financial independence - real journey - http://www.niterainbow.com