{"id":55,"date":"2024-12-04T13:34:32","date_gmt":"2024-12-04T13:34:32","guid":{"rendered":"https:\/\/www.daystofi.com\/?p=55"},"modified":"2025-09-18T21:55:34","modified_gmt":"2025-09-18T21:55:34","slug":"november-2024-new-beginnings-and-financial-milestones","status":"publish","type":"post","link":"https:\/\/www.daystofi.com\/index.php\/2024\/12\/04\/november-2024-new-beginnings-and-financial-milestones\/","title":{"rendered":"November 2024: New Beginnings and Financial Milestones"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Real Estate<\/strong> <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This month, for the first time, I received the full rent payment for the flat I rent out in Poland. I also paid an 8.5% tax advance. In Poland, you can choose to pay tax either monthly or quarterly, whereas in the UK, taxes are paid after the tax year has ended.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Blog and YouTube<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">November also marked the launch of my blog and YouTube channel. Over the years, I\u2019ve started many different projects. Some didn\u2019t get far because I quickly lost interest. That\u2019s why I spent a lot of time reflecting on what truly interests me, and I finally realised that personal finance and the journey towards FI (financial independence) are my passions. Unknowingly, I\u2019ve been dedicating much of my time to these topics. I hesitated to start a blog or YouTube channel in this area, mainly because I\u2019m not a professional <strong><a href=\"https:\/\/www.daystofi.com\/index.php\/disclaimer\/\">(Disclaimer)<\/a><\/strong> . However, I\u2019ve come to understand that I really want to share my FI journey with you. Who knows, I might even learn something from you along the way!<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Big Commitment<\/strong> <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This month, we also decided to start overpaying our mortgage. While this might result in lower returns from the stock market, at the end of the day, we\u2019re buying our own home and paying off debt. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Cycling to work<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Winter is approaching, and it\u2019s not exactly the best season for cycling. Unfortunately, my commute is often gridlocked, which is incredibly frustrating. I usually drive a diesel car with a DPF filter, and short trips tend to clog it up, leading to costly visits to the mechanic. Cycling allows me to avoid the worst parts of the traffic, and my commute only takes about 15 minutes by bike. I\u2019ve also purchased some cycling gadgets to make my journey more comfortable\u2014and most importantly, much cheaper! I\u2019ll share more about these soon.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Numbers at the end of the month<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u00a3153.33\/month<\/strong> Theoretical Passive Income (If we were to start drawing from our ISA&#8217;s and Real Estate).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00a3164404.63 Mortgage left to pay(<strong>\u00a3450.3<\/strong> payed towards principal).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At the moment, the house will be paid off when I turn 67 years and 1 day.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u00a323<\/strong> Saved with an app that pays cash back.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u00a32<\/strong> Saved on diesel by cycling to work.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Christmas Is Coming<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The festive season is just around the corner, bringing extra expenses. This year, we\u2019ll be driving to visit our family in Poland. I\u2019ll share updates on that trip at the beginning of January. Stay tuned!<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Real Estate This month, for the first time, I received the full rent payment for the flat I rent out in Poland. I also paid an 8.5% tax advance. In Poland, you can choose to pay tax either monthly or quarterly, whereas in the UK, taxes are paid after the tax year has ended. Blog [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[4,5,56,3],"class_list":["post-55","post","type-post","status-publish","format-standard","hentry","category-blog","tag-budgeting","tag-financialfreedom","tag-financialindepedence","tag-personalfinance"],"_links":{"self":[{"href":"https:\/\/www.daystofi.com\/index.php\/wp-json\/wp\/v2\/posts\/55","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.daystofi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.daystofi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.daystofi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.daystofi.com\/index.php\/wp-json\/wp\/v2\/comments?post=55"}],"version-history":[{"count":8,"href":"https:\/\/www.daystofi.com\/index.php\/wp-json\/wp\/v2\/posts\/55\/revisions"}],"predecessor-version":[{"id":75,"href":"https:\/\/www.daystofi.com\/index.php\/wp-json\/wp\/v2\/posts\/55\/revisions\/75"}],"wp:attachment":[{"href":"https:\/\/www.daystofi.com\/index.php\/wp-json\/wp\/v2\/media?parent=55"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.daystofi.com\/index.php\/wp-json\/wp\/v2\/categories?post=55"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.daystofi.com\/index.php\/wp-json\/wp\/v2\/tags?post=55"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}