Thursday, May 22, 2014

A Nasty surprise that turned out to be a great gift



First I want to open this post by apologizing to everyone for not posting anything in the last weeks. As I said on my first post, this is a journey that I started for the long-term and I won't give up on it. However, sometimes life throws us surprises that we are not expecting, and, even if prepared, it catches us off-guard. Hopefully in this case it is not a health-related surprise which are among the very few problems that we can't turn around through willpower and hard work.

Cutting to the chase, exactly two months ago my significant other lost her job. This was particularly tough on us, because in order to be able to invest regularly we were dependent on both our incomes to support our fairly frugal lifestyle.

Now, since the main purpose of this blog is to allow everyone to follow me on this journey, both progress-wise and through the hard times, this was actually more of a reason to continue posting updates. Unfortunately, with the blog being fairly new, I admit the tough times took full priority in my mind and I couldn't think about anything else but how to make it through to the end of the month while still saving a small sum to protect us from any extraordinary expense.

While I was prepared to mitigate this risk through an emergency fund that I had been keeping on the side, it was still very stressing as the emergency fund doesn't last forever and this last job, was a job my girlfriend didn't like at all, and both of us wanted to use this opportunity for her to find a job she can actually enjoy doing, instead of starting in another unfulfilling job which she then couldn't leave because she just started. After seeing the toll such a depressing job has on a person, we were hellbent on doing it differently this time, even if it implied a lower pay (This was one of the strongest reminders of the importance of this emergency fund on which I will write a post soon).

Nonetheless, things ended up working out well, our emergency fund covered us pretty well with our extra frugality and she ended up finding a much more satisfying job (and coincidentally it also pays significantly more!) and we are happier than ever and have once again cash to deploy regularly on investments (while replenishing the emergency fund).

These hard times ended up coming and going very quickly, but it definitely didn't feel like it. Looking back at the day when she lost her job, we were so beaten-down and the future looked so dark that we thought it was one of those bad moments that you remember for a very long time. But now, just a few months have passed and we already look back at it as a gift: The gift of forcing her not to settle for a job that makes her miserable and a gift that ended up being the push towards a better path! It was funny that, as this happen, DividendMantra, a veteran fellow blogger, wrote this post. While it was about a significantly more drastic life-change, it resonated incredibly with me during these times.  

So now, after dodging this obstacle, I proceed on my journey and I will continue with the regular updates. I did manage to make some purchases specially now that our income stream has increased, and I will post them here soon. Stay tuned!

What about you, what was your last buy in this quite pricey market?

7 comments:

  1. DV,

    Hey, man. Was wondering what happened to you. :)

    Glad to hear everything worked out so well for you guys. Grabbing a job she likes better while also getting paid more is a fantastic change. That's going to have an immense impact on your lives as it makes it both psychologically and financially easier to keep regularly investing.

    And thanks for the mention. Glad my recent experience resonated with you. We're both going through some changes, but changes in life are good. They allow you to grow and improve. :)

    Best wishes!

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    1. Hey DM,

      We are already feeling a huge difference everyday as our everyday life became a lot less stressed!

      I've been and will keep on following you through your change and I am sure you are on track to success. Even though you are not retiring yet, you are already having this opportunity for a better life due to your hard work at the car dealership!

      Best wishes!
      DividendVenture

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  2. Change is a part of life and can be scary many times. Looks like you had a great plan for these types of situation as your emergency fund and your frugal ways got you through some tough times and in the end a better job was found. Keep up your site and let us follow your dividend growth journey as well.

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    1. Hi DivHut,

      Thanks for the support! And you are absolutely right, it can be scary and it was. Still, I ended up letting it take too much of a tool on me and from now I'll make an effort to be more resistant to these kind of things.

      Best,
      DividendVenture

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  3. Just started reading your blog DivAdventure - and glad that everything is back on track and you'll have the funding to pump the portfolio again. How nice is that - new position for her, where she has passion and enjoys it - plus more than what she was making earlier doesn't hurt : ) Excited for what's to come for you and the journey forward!

    -Lanny, one of the Dividend Diplomats

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    1. Hey dividenddiplomats,

      Thank you! You're not the only one who's excited to see what's to come, it's really looking like a good place to be in so it might allow for a faster capital deployment.

      Stay tuned as I update on my most recent purchases!

      Cheers,
      DividendVenture

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