My main goal is to build a portfolio of $1,120,000 in 1500 days*, starting from 1/1/2013 and ending in February of 2017. Every month, I provide an update on my status. Let’s take a look at February.
Before we get to the financial (and donette) stuff, I have some other things to update you on first. On second thought, forget thatl let’s dive right into the donettes:
With a start like that. you’d think this post has nowhere to go but up. You’d be wrong.
Fowl Underwear (P90X Update)
My hellish P90X workouts continue. I am sticking with the program as best I can, but it isn’t easy. Some days, I just don’t have the time to commit to it. On other days, I’m so worn down from lack of sleep that I don’t get the most out of it. Try doing 1 handed pushups on 4 hours of sleep! Blerg,
Trying to get the hang of the workouts is difficult too, especially the first round of a new phase. Sometimes, I pick a weight that isn’t hard enough and I don’t get anything out of the set. Other times, I go too heavy and my muscles fail before they burn. I’ve learned that getting the most out of a weight workout is a delicate balance. You must push hard, really really hard, but you can’t go too heavy. Finding the burn is not easy.
Finally, my diet hasn’t been what it should be. We hosted a Super Bowl party and we didn’t serve healthy food (Hello White Castle!). Also, beer. Too. Much. Beer. I’ve been slowly improving though. For the second half of the month, I reduced my alcohol consumption to almost zero and plan to continue.
Despite my setbacks, I feel like I get a great workout about 1/3 of the time. And when I do, it feels awesome. Keeping track of progress is part of the program and I see the results on paper and in pictures (warning: graphic photos ahead). When the first 90 days are up, I’m going to start another round. Because I’ll be familiar with the workouts, I’ll get a lot more out of them the second time around.
In any case, in the interest of transparency, it’s time to show you some pictures of my progress. Those of you with a delicate constitution should cover your eyes now.
What’s that on your shorts Mr. 1500?
I’m glad you asked. Those are Angry Birds. Pretty awesome, right?
Mrs. 1500 and the children just love my Angry Birds underwear. And really, who wouldn’t?
Almost forgot, my numbers! I stopped including body fat percentage because I’ve determined that the bioelectrical impedance method that I was using is wildly inaccurate.
We are close to being done with the interior of our home. This month, we almost finished our bookcase project:
Like most things in life, I went overboard with the project. Note the completely unnecessary, but awesome-anyway LEDs:
The bookcase sits where normal people would put a railing. Railings are boring. Besides, my books need a home. Think Different:
I still have to trim it out, polyurethane the top, and install the shelves, but most of the work is done.
I planned the basic design with the help of Mr. Frugalwoods. When I went to build it though, I
kinda totally made it up as I went along. Despite my questionable non-existent planning and lack of proper woodworking skills, I’m thrilled with how it’s turned out. I’ll have a full post on it shortly.
And finally, we get to the money. I started the month off at $1,022,555 and ended at $1,023,077. Pppppht. A gain of like $500. What can you buy with $500 these days? I looked on Amazon where I could buy about 38 bags of 2/5 star donettes:
Donettes? What is the point of these things? I wonder if there is some family worth like $100,000,000 now because they came up with the stupid idea to make mini-donuts and sell them in a bag. Silly, but whatever. People have made fortunes off lesser stuff. Remember that a guy made at least a million by selling pet rocks.
I’m getting distracted now. Back on task! Here is a nice picture of the nest egg:
I managed to stay in the Double Comma Club, but it wasn’t pretty considering I added almost $20,000 to the portfolio. This month, Mrs. 1500 made $10,000 from a real estate commission (that went into the cash pile). I also received some back pay which allowed me to double up on my solo-401(k) contribution ($8,500). Finally, I tossed $1,000 at the Fundrise eREIT.
Long time readers will know that downturns don’t bother me. Since I’m still in buying mode, I embrace them. Never forget; buy low, sell high.
Also: Buy now, hold a long, long time.
Also: I can’t stop thinking about ****ing donettes:
- Days elapsed: 60
- Days remaining: 306
- 2016 gains: –$34,884 (including 401(k) and some after tax contributions)
- 2016 401(k) contributions: $17,000*** (the front-loading party continues)
- Donettes consumed this year: 0
Since the start (1/1/2013)
- Days elapsed: 1154
- Days remaining: 346
- Gains since 1/1/2013: $437,034
- Needed to quit work ($1,120,000 in investments): $96,923
- Net worth****: $1,272,077
- Donettes consumed: 0
Less Than a Year to Go
Whoah, only 346 days left. Crazy. The first emotion that I feel when I consider this is slight terror. The days have gone by incredibly fast. I’ve been at this for over 3 years now, but it doesn’t feel like it, even a bit. Life is flying by and it doesn’t feel good.
I’m just too busy. Even though I went to part-time at my job, it seems like I’ve been working more than ever lately. Instead of working less hours per week, my new arrangement will result in increased days off later in the year. Maybe it will feel better then.
I hope that leaving my job slows down the clock a bit. Now, I wake up, work for 8 or 10 or 16 hours. After that, I squeeze in everything else I have to do in whatever time I have left. There is never enough time. I am never bored or without something to do. Perhaps the biggest lesson I’ve learned from blogging is just how valuable tine really is.
And also, remodeling a home with a full-time job and two children is unwise.
And also, consuming a full bag of donettes (Han) solo is a bad idea.
(Mrs. 1500 note: I have encouraged Mr. 1500 to honor the terms of his current contract, and then either make drastic cuts next contract cycle, or go to an on-call situation. With two small children, we’ll need to fill our time during their school hours. I work for possibly the best boss on the planet and have no plans to leave my job, which just about matches their school hours. Please join me in a Quit-Your-Job campaign of encouragement, so he can have enough time in the day to do everything he wants to do.
The ironic thing is that the house will be finished before he finishes his contract, thus freeing up thousands of hours. Sigh.)
Mr. 1500 note: I think what Mrs. 1500 is really trying to say is this: Send Mr. 1500 donettes.
*My original goal was $1,000,000 and no debt, I later raised the goal by $120,000 to $1,120,000 because I will have debt in the form of a mortgage which I firmly believe in not paying it off. My compromise is to have enough money put away to cover the mortgage at the time of retirement. So, to retire today, I would need about $1,120,000.
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***My 401(k) contributions include my own, Mrs. 15oo’s, and the contributions from my corporation. Self-employment with a solo 401(k) is a very powerful savings tool. I should have done this years ago.
****The numbers on the right side of the page only reflect my investments and cash. Net worth includes, but is not limited to:
- Home equity
- Donettes: Just kidding, there are no donettes in my home.
- P90X-related crap: Getting in shape costs some money. I bought the weights off Craigslist, but they still set me back $220 ($300 new!). The mat they sit on was another $120. I forgot how much the pull-up bar was, but it wasn’t free. P90X videos were from eBay and set me back $40. Never forget though, good health is priceless!
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