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Year In Review - 2023 Returns
The last update in the year in review series is on my returns in 2023. In the short run, the returns might seem high or low, but in the long run it should match my expectation of 10%. That was the assumption I used when I decided to retire early. As long as I can keep my expenses inflation to around 6% and my returns to around 10%, I should be able to manage to live a decent retired life. Since it has only been about six years since my financial independence, there isn’t a lot of data to go with. But as you saw from my update on expenses, we have managed to keep our inflation to below 6%. Now the question is, were we able to keep our returns to above 10%? Lets find out.
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Time To Take A Decision
In one of the previous posts I explained how we hoped we might buy a farm along with a friend near Thirthahalli. Thanks to COVID-19 we could not execute the plan. Whether that is good or bad we are not sure. But that trip and those discussions got us more interested in starting an organic farm of our own. We were still not clear on many aspects though. Should we go for a place that is close to where we currently live so we can frequently travel to the place and take care of it until we are ready to move. Or should we buy something far away leave it without developing it until we are ready to move. This post is all about how we made that decision.
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Year In Review - 2023 Annual Expenses
In the previous post I wrote about my monthly expenses. This is the continuation of that post and I will be covering my annual expenses in 2023. While monthly expenses are those kind of expenses that occur more frequently, yearly expenses occur rarely, perhaps once every few years like house repairs or buying a new car etc. I will explain where we are spending the most and why. Remember that for all the expenses, whether monthly or annual, the money is coming out of my retirement corpus which consists of a bunch of debt and equity mutual funds. There are no other incomes or special savings for annual expenses. Last year’s annual expenses were low because thankfully we did not have any big ticket item like buying a car.
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DC Energy Measurement Using INA226
In an earlier post I wrote about measuring DC energy using PZEM 017. If you recall, I ended the article with a couple of remarks. One was that the device was unable to measure current below 0.02 A. But the bigger problem was that the device could only measure current in one direction. It is uni-directional current sensor. I cannot use this device with my UPS to measure charging and discharging current since I need a bidirectional current sensor in that case. After some searching around I found a few options and one good sensor which is the INA226. So here is a write up of my experience with it. This can get a bit technical, so if you are not into electronics, give this a skip.
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Year In Review - 2023 Monthly Expenses
It is about time I reviewed my monthly expenses for the past year. I do this activity at the start of every year. There are two kinds of expenses I track. One is monthly expenses which sort of appear most months like food expenses, internet etc. Then there are those expenses that occur once a year or once every few years. Those are considered as annual expenses. In today’s post I will go over the monthly expenses of last year and how it compares with the budget I made at the start of 2023. Lets also look at inflation since my retirement. Later in the post I will inflate my monthly expenses and set a budget for 2024. Lets dig in then.
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An Unexpected Encounter
It was January 2020 when we made an unexpected trip to Thirthahalli, a beautiful remote village in Karnataka. One of our newly made friends was born and brought up in Thirthahalli and they are planning to purchase a farmland near there. They invited us to visit their house for a fun trip and join them in their search for a farm. At this point in time, we were not even prepared to purchase a farm. We tagged along because our friends were on the search and we thought we can get some experience of the process if we ever want to go that route. But how did we meet these folks and what led us to believe we could do farming?
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What Unschooling Kids Might Be Missing Out
I have only seen two kinds of responses when someone learns that we are unschooling our daughter. Either they are worried about education or they are worried about social skills. The former manifests into questions such as “how will she manage life without knowing math and science”, or “how will she get a job or go for higher education without a certification” etc. I understand their anxiety in this matter and sometimes even I wonder how we can be so chill about it. The fact of the matter is that I know she can’t get a high paying job, But if she can understand that living happily on a small income is better than seeking peer praise and recognition for a lot of money and living in stress, then my job is done. Or at least that is what I have come to realize after all these years on the planet.
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Year In Review 2023
I know I am a little bit late for the “year in review” series but I was busy publishing other posts that were in backlog. Finally I got some time to reflect back on the year that has gone by. Every year at the beginning of a new year, I look back at the previous year and pen down some of the highlights and interesting events that transpired. So here goes. Last year was better than 2022 both in terms of finance and personal life. While a new war has started, it has now become a common place for wars to start and then people forgetting about it. Anyway, COVID-19 and the dark shadow it has cast on us is finally really over, although there are still some cases here and there. But those are all global events. Lets talk about what happened in my personal life.
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Dark Theme In Jekyll
Did you notice anything different about the blog? Well, I introduced a dark theme. Can you find how to change the theme by just looking at my blog? No? If you’d like to switch the theme to dark or light mode, read the last section of this post. Now, some of you may know that I migrated my blog from WordPress to Jekyll. Jekyll for those of you who don’t know, is a tool that transforms markdown text into static websites and blogs. If you are left wondering what all that mumbo jumbo was about, then it will perhaps serve you better to skip this post :). For some time now, I have been wanting to add a dark mode for my blog. But it never came up high enough in priority to give it my attention. That changed with the new year. I decided to add dark theme to my blog in 2024.
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The Markets Of 2023
The year 2023 is behind us, and this year was definitely less eventful than the past 3 years. Since COVID hit, things have changed quite a bit. It all started with the virus of course that wreaked havoc all over the world at the same time. There were a lot of side effects. Many lost loved ones, we were restricted to home isolation and lock downs were introduced. For the first time ever, we had everything closed including schools. Only the emergency services were running. The new work from home culture started. Then came pumping money in the fear and anticipation of reduced spending. The free flow of money caused inflation because people now had more money but nowhere to spend. Remember, everything was closed, so you could spend on nothing but food and health. Then came interest rate hikes to control the inflation. What a crazy ride.
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