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.
Before I get to the Performance Update, I need to share some photos from the road…
If my dad hadn’t died earlier this year, we would have stayed home for the Thanksgiving holiday. Traveling in a pandemic isn’t the best idea. However, it felt especially important to spend the holiday with my family. We also thought that we could travel safely by driving and minimizing contact with other humans. We accomplished the latter by bringing our own food and not spending time indoors at public places.
To break up the trip (and the sibling fights), we stopped at a couple of National Parks.
At Arches National Park, Dinosaur Arch is one of the lesser known formations:
Posing with Younger Daughter in front of Delicate Arch:
Younger Daughter was not impressed with the Grand Canyon:
Dad, it’s a hole.
This tree has seen better days:
Warning! Man throwing up ahead!!
Our net worth started the month at $3,111,872 and ended at $3,078,350 for a loss of $33,522. They can’t (and shouldn’t) all be winners.
2020 (as of 10/31/2020)
- Days elapsed: 304
- Investment portfolio gains: $903,310 (Our gains are outsized because we took equity out of our home in order to increase our investable assets. The next number, net worth, which includes home equity, is more accurate.).
- Net worth gains: $678,310
Since the Start (1/1/2013)
- Days elapsed: 2860
- Investment portfolio gains: $2,352,307
Cha Cha Cha Changes
More changes this month…
Good-bye Elevated Living Estates
I mentioned in last month’s Performance Update that we were under contract to sell the trailer park (Elevated Living Estates to the easily offended). The deal is supposed to close this month. So far, so good. Fingers crossed.
We had planned to raise our children in our last fixer-upper:
Then, we found a deal in another part that was too good to pass up, so we moved. And then the world changed:
- January: Let’s put the old house on Airbnb!
- March: COVID. Let’s get long-term renters.
- December: Long-term renters are moving out.
So here we are. The numbers don’t work as a long-term rental. We are too busy to deal with an Airbnb, so we’re going to sell it.
This makes me a little sad. I really enjoyed the location of this home (lots of open space to take pointless walks) and this home was the last project I worked on with my dad:
But, life moves on.
*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.
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****My 401(k) contributions include my own, Mrs. 1500’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.
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