Welcome to the third iteration in my ‘Reel Freedom’ FIRE-related film series. It’s been a while since my previous ones but I'm back with a corker! Previously I explored consumerism in Fight Club and money vs meaning in A Christmas Carol. This time round I'm looking at what is probably the most obvious of FIRE-related films... ' Office Space'. This is a 90s cult classic that strangely I acutally only got round to seeing a few years ago. If you've not seen the movie I've no doubt that will have at least seen a few memes based on the film. This film tackles a number of topics associated with the FIRE movement, most notably: what would you do if you didn’t have to work for money? Peter, the main protagonist, is the relatable everyman, wrestling with that age-old exchange of time for money, especially when the money comes from a job he hates! As before, disclaimer here is that this will probably contain spoilers. All set? Let’s have a look! "It's not...
A bit late with the update this month, apologies! This one is short & sweet
Finance update
I mentioned in my last monthly update that I've rather taken to the 'waterfall chart' as a way of showing contributions and gain/loss for both the monthly swing across assets but also to show the total for the year. These can be done simply in Excel.
Breakdown for July:
- ISA is full so no new contributions, markets down led to a downturn of £2k
- Similar story with my Pension
- I contributed £2k to my GIA/easy access savings and bizarrely this ended up in positive territory at the end of the month
- £400 into Crypto and a whopping gain of £4k for the month
- House price rose £1.3k in June
- All in all, up just over £5k
2024/25 tax year:
At the start of August there was a notable market downturn, sparked by Japan increasing interest rates by 0.25%, and having a disastrous effect on the "carry trade" (where you loan money out in a low interest environment and buy assets in another). It looks like markets have somewhat recovered now however I foresee my August summary may be down a good chunk.
Non-Finance update
During July we managed an excellent camping trip at Sherwood Pines. The site itself was a perfect location for the bike trails, but the site itself was very funny about no campfires and BBQs and seemed very uptight about a few things. Thankfully that didn't take away from how good it was and just how much the kids enjoyed it, especially the bike trails, and no doubt we'll be back at some point.
We also managed to take the kids out on their bikes for a stretch of the Monsal trail in the Peak district, and we hiked around Langsett Reservoir.
That's it, that's the update.
Until next time!
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