My main goal* was to build an investment and cash portfolio of $1,120,000* ($1,000,000 to retire on and $120,000 to pay off the house) in 1500 days**, starting from 1/1/2013 and ending in February of 2017. I made my goal in 2016, my 1500 Days are over, and I’ve left my job. In the interest of openness, I’ll continue to share my numbers.
Here I am again with a super late performance update! We’re already into September and I’m just getting around to writing about July. Before I quit work, I was so worried about being bored. 4 years later, I have enough activity lined up to fill multiple lifetimes.
Now that the girls are back in school, I’ve pivoted back to home improvement. I’m currently building a fancy shed so all of the tools and bicycles have an organized home:
After that, I’m installing solar panels on the house:
And after that, I’ll remodel the kitchen. Oh, and I also have a basement bathroom to finish. Early retirement is a lot of things, but it sure isn’t boring.
July (The Beast)
July was another great month. Our net worth started the month at $4,100,516 and ended at $4,174,920 for a gain of $74,404:
Our portfolio is a beast that’s out of control. We’re up $655,174 this year or $93,596/month. $93,596 is slightly more than we’ll spend this entire year. Give compound interest enough time to work its magic and the numbers get big.
Normally our annual spending would be somewhere between $50,000 and $60,000, but we have some big home improvement jobs to complete and 2 x 4s don’t grow on trees. Well, they actually do, but you know what I mean! Here are rough estimates for our projects:
- solar panels: $10,000
- new kitchen cabinets and counters: $10,000
- flooring: $6,000
- shed: $4,000
- basement bathroom:$2,000
- Total: $32,000
We’re very thankful to be at the place we are. Unless we do something really ridiculous like buy a yacht or start collecting cars, our finances have reached a point where it would be hard to disrupt them. We don’t really want any big-ticket items since they wouldn’t increase our happiness. We like our house. Our cars work fine. Life is simple and enjoyable. More things would bring more complications which would result in unhappiness. No thanks.
However, it is nice to buy a burrito at Chipotle or visit a museum and not worry about spending the money. Life is good. And it’s a bit better with carefree burritos.
2021 (as of 7/31/2021)
- Days elapsed: 212
- Net worth gains: $655,174
Since the Start (1/1/2013)
- Days elapsed: 3133
- Net worth gains: $3,348,877
Mindy and I head to Texas this weekend to hang out at the beach for a while and then attend FinCon in Austin. If you’re around, let me know if you’d like to meet up. I’ll have some Mile High FI swag with me. You can’t buy it, but if you ask nicely, I’ll give you a shirt.
More 1500 Days!!!
You can also find me (and the dinosaurs) at:
Mile High FI podcast:
- EconoMe: Hey look, I’m speaking at EconoMe later this year!
- Facebook: Facebook group and page
- YouTube: My channel is mostly devoted to home improvement, but I have some other material coming up soon too.
- Instagram: Pretty pictures of dinosaurs, sunsets, and nail guns!
- Twitter: Spontaneous, often insane, ramblings
- Coworking space: On the surface, MMM HQ is a coworking space. Look a little deeper and you’ll see that we’re really building community. The members of MMM HQ are some of the finest people I know.
Other resources I like:
- Camp FIs are amazingly fun! I hope to attend Rocky Mountain and Joshua Tree this year. See you there?
- Need to learn how to invest? The Simple Path to Wealth is all you need.
- New to FIRE? Need some FIREy guidance? Check out Fiology and the accompanying workbook!
*My goal wasn’t to have $1,120,000 at the end of 1500 days, but at any time before the day count was up. Why? It all goes back to the 4% Rule. Remember that our little friend, Mr. 4%, is nothing more than the most conservative safe withdrawal rate. Since my investment portfolio now sits at $1,550,000, I can spend about $62,000 in my first year of retirement.
**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 and I firmly believe in not paying it off (LOOK at the MONEY I’m MAKING!). My compromise was to have enough money put away to cover the mortgage at the time of retirement.
***This is an affiliate link. If you sign up, the blog (me) makes some cold, hard, beautiful, cash. Personal Capital is a totally free and awesome way to keep watch over your investments. It’s worth it for the fee analyzer alone. I would never recommend anything that I don’t personally use and completely believe in, so give it a try. If you’ve already signed up through the link, please know that you are a fine person of above-average intelligence.
Join the 10s who have signed up already!
Subscribing will improve your life in incredible ways*.
*Only if your life is pretty bad to begin with.