November 21st marked my Work Freedom Day so I’m celebrating this week! This date is when my dividend income covers the rest of my expenses for the year! The fact that the day occurs at the end of the year means that I still have a lot of work to do to move the date forward to the first of January!
In reality, I’m not planning to retire any time soon and all dividend income I’ve earned has been re-invested back into my portfolio. However it’s a very tangible milestone and definitely a nice feeling to know when my dividend income is taking over my work income so that I don’t have to.
I made a simple calculator which calculates this date – you just need your expected dividend income and your yearly expenses and it’ll calculate your date.
I have another reason to celebrate because the date coincided with our trip back to the UK to visit my parents over Thanksgiving. It’s great to be back in the UK, if only for a week. I took the photo for this post as we were flying home – it’s a night-flight so this was the beginning of a sun-rise.
Quote of the day
Workin’ 9 to 5, what a way to make a livin’