The joy of passive income on the road to FI

For the last two years I have been very interested in the whole Financial independence and extreme early retirement movement. With a mixture of frugality, minimalism and income generation, I hope to be able to generate enough to passive income for myself and my other half to no longer have to worry about working for money in the traditional sense. Instead we would have more time to explore other interests, hobbies and skills, and discover what is important to us! Of course we may find that we hate having more time with each other and have nothing interesting to fill it with and instead should return to a more 'normal lifestyle'. But if we don't try we won't know and I really think it is something worth aiming for! 

I have been saving into an ISA stocks and shares account for many years but have never really tracked how much income it produces. I think partly this is because it has largely been reinvested so I never really noticed it. However, as I have been tracking all my spending and expenses, its makes sense to keep a better eye on my income too. Last year I received a total of £3,838.20 in dividends with a monthly average of £319.85. And so far this year I have received £2347.87.20 which is a monthly average of £469.57. Not too shabby! I love the fact that this money is working for me rather than the other way round. All of this is being reinvested and I am hoping that eventually my portfolio of stocks and funds will pay me passive income of about £1000 a month. It would be amazing to reach the financial independence highs of pioneers like Mr Money Mustache and the Mad Fientist. 

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