Spring 2021 Life Update

Another fairly unexciting life update – no travels or labyrinths. Maybe soon? But we are killing it financially.

Net Worth: $581,802

Our net worth continues to climb at a good clip, with an increase of $25,859 since our last update in January.

Our year to date spending is $8,766, compared to $6,929 at this time last year. We expect our annual spending to land pretty much in line with last year, assuming we go another year without overseas travel, as is looking likely at this point. Our spending by categories is mostly in line with last year, other than a bit more restaurant spending due to making an effort to try some new cuisines before the restaurants all go bankrupt.

If we retired today, our monthly income would be $1,939. Almost over that $2,000 mark! For reference, to cover our normal spending (including lots of overseas travel, etc), we would need a monthly income of $2,300, so we are about 84% of the way there.


  1. Oh this is exciting, in a few months you will have reached the $ 600.000 goal.
    Your channel has inspired me to start tracking my expenses and saving money consistently as well. I’m now in my 3rd year (started in 2019) and it is going okay, though I am somewhat frustrated how the pandemic has cut my monthly income pretty much in half. As far as I gathered from your posts you haven’t felt it as badly as some of the others. It just shows that you really have to be prepared for all eventualities.
    Please continue to stay safe, even if you think you already had it, the mutations of that virus are really no joke.
    I wish you the best going forward!

  2. Well done guys. I’ve been following you for a few years now and love to see how you’re getting on. Me and my husband retired early to go travelling (but not as early as you will). We picked the property rental route to support our retirement. Right now, it looks like you’ve got the much less hassle with much more appreciation option (win win) This last year has made us realise how important it is to be flexible with our finances, ideas and plans, certainly regarding travel. Keep saving, you’re doing amazing. xx

  3. Congrats on being so close to retirement! Wish you all had a YouTube channel too–practical recipes, life etc. (I’m sure if that platform/medium resonated with you, though, you’d have probably already done it.) The 10-minute video Exploring Alternatives did featuring you both is refreshing to watch. I go back to it every now and again when I need some extra motivation. Hope all keeps moving in positive direction for you both. Many thanks for sharing your journey with all of us.

  4. Congrats on your achievement. We are a couple in middle 40’s from Vancouver and we discovered this FIRE concept 1 year ago. We did a lot of economies and hopefully we can retire soon. We are not so far from the FI number. Thinking to retire in Europe. You did a great job.

  5. Hi guys,
    Do you have any non-registered investments with CI Investing? If so, do you know how to calculate the ‘adjusted cost base’ numbers for your income tax? Or do you get this info off a T-slip at tax time?

  6. With all the craziness going on in the world, thank you for the inspiration!
    I went and binge read all your posts after hearing about you on the Exploring Alternatives video. Before I had been reading Mr. Money Mustache and a few other blogs but was having a hard time finding one that was:
    A) Canadian, West Coast (I reside on Vancouver Island)
    B) Lower income (Around $40,000/yr, after taxes, myself)
    C) Passionate Travelers
    Incoming Assets was everything I was looking for! Plus the amount of DIY you do is truly inspiring and something I also aim for.
    I hope to retire around 45, with a home base on the island, however with housing prices the way they are I’ve been considering all alternatives!
    Have a great day and amazing work 🙂

  7. Congratulations on the progress! What I was wondering, if you like the travel lifestyle so much and Cel already has a remote job as an editor, could Steph not find a remote opportunity as well and then just travel fulltime a bit after Covid? It seems the portfolio could easily support withdrawing 1,500 CAD a month (at a more conservative WR of 3.1%, since you are both young) and the rest could easily be made up with remote work. Or is your plan to just tough it out the remaining 16% of your way to FI? In either case, you are quite close 🙂

  8. Hypothetical question. If you won one million dollars, and you had to stay in Great Vancouver, would you buy a place, and invest the rest. Or, would you invest it all, and keep renting.

  9. First, I just wanted to say thank you so much for the posts–I find it motivating as we have no family or friends pursing FIRE to talk with. Do you guys have an exit plan for work once you cross the $600K goal? Or do you think you’ll continue working for the time being? I’m genuinely curious and want you guys to win!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s