My main goal is to build a portfolio of $1,000,000 in 1500 days with no debt*, starting from 1/1/2013. Every month, I provide an update on my status. My goal for 2015 was to get my portfolio up to $874,353. Because we saw exceptional returns in 2013 and 2014, I have already accomplished this. Before we have a look at June, I need to tell you about the chaos in the lives of the 1500’s.
It’s been an interesting time to be living in the 1500 household. If you think that I’m using interesting as a euphemism for shitty, you’d be right! I apologize for the harsh language, but there is no other way to describe it. It all started with rain back in May:
- Sump pump takes a dump: It rained. Then it rained some more. And then it really started raining. On a hunch, I went down to the crawlspace to make sure that the sump pump was working. It wasn’t. I rigged something up to keep the water at bay. During this crawlspace adventure, I also discovered that water was pouring in near a sill plate because the yard isn’t graded properly.
- Shitty faucet #1 (fau-shit?): Shortly after that, Mrs. 1500 noticed water in a vanity that I just installed last year. Turns out that something in the faucet had broken (again, just a year old) and was leaking. This was in the same bathroom where I recently installed a shower fixture that didn’t work out of the box due to a faulty cartridge.
- Kid khaos: We installed all new windows in the home in 2014. The kids managed to damage one of them beyond repair by somehow bending the whole thing.
- Fried mower: While on vacation, a well meaning neighbor tried to mow our lawn with our electric mower. The grass was tall (see the first bullet point) and she pushed it too hard, burning out the rectifier.
- Faushit #2: I installed a new vanity and faucets in the girls room. A day or two later while brushing her teeth, big daughter goes, “Hey Dad, the faucet is spraying water in my face!” I go into the bathroom to investigate. Sure enough, the faucet is indeed spraying water out the top, right into her face.
- Garage door horror: Our garage door opener broke, refusing to go down. It teases, going down 1/3 or 2/3 or even 7/8 of the way, only to head back up. I can almost hear it laughing as I swear with abandon each time it reverses course. I realign the beam thing and readjust the torque settings. Neither helps.
- More drips: I was in the crawl space messing with something else and hear dripping. One of the soldering jobs on a spigot had gone bad and was leaking.
- Whole house fan joins the party: The first thing I did when I moved into this house 2 years ago is install a whole house fan. Lately, it has started making an subtle, but ominous squealing sound.
Now, I can’t make this next part up. I swear it is true. On Friday the 26th, Mrs. 1500 said:
Wow, I can’t believe it! Nothing has broken in a week.
Cue the ominous music now.
The next day, it was almost as hot as the surface of the Sun. In the early afternoon, the house was starting to warm up. Since we were having guests over in a couple hours, I turned the air conditioning on. Guess what didn’t turn on.
DING! DING!! DING!!! You’re a winner!
Our 1 year old AC unit was broken.
After four days and four visits from an AC guy who is stunningly incompetent, the thing is fixed. Actual words from this guy on the final visit:
Ooops, looks like I installed it upside down! Ha ha!!!
Yeah, hilarious! Screw you. Leave and don’t ever come back.
In the past 2 months, more things have broken in this house than have broken in my past 15 years of home ownership.
Which brings me to June 30th.
On top of all of this other crap, I got kicked out of the Double Comma Club (DCC). This is like the the 5th or 6th time, so I’m used to it. Thanks Greece! I don’t hate you as much as I hate my garage door and the AC guy, but you’re getting there:
Actually, out of all of the things that went wrong, getting tossed out of the DCC was the least painful. Since I’m still in money saving/investment buying mode, I was actually hoping for a 5 or 10 percent drop. Hell, make it 20 percent. Buy low, sell high, right? Maybe you’re not so bad after all Greece. What do you say Puerto Rico and Portugal?
I started the month at $1,036,272 and ended at $999,668 for an decrease of $36,604. I put $5,475 into my solo 401k. I also used $10,000 from my cash pile to pay off what should be the last home improvement bill. No more, I swear. So, my portfolio lost $21,129. Bummer:
$1,036,272 – $5,475 – $10,000 – $999,668 = $21,129
Here are the numbers as of 6/30/2015:
- Days elapsed: 181
- Days remaining:184
- 2015 gains: $12,317
- 2015 401k contributions: $21,900
- Left to go (2015): Goal accomplished!
Since the start (1/1/2013)
- Days elapsed: 891
- Days remaining: 589
- Gains since 1/1/2013: $413,625
- Needed for $1,000,000 (investments and cash only): I’m there!
- Needed to retire ($1,120,000 in investments): $120,332
- Net worth***: $1,249,668
Despite all of my whining, life is still pretty great. The garage door spontaneously started working again a couple weeks ago. Ikea replaced the “spray in your face” faucet without a hassle, despite my lack of a receipt. I’ve fixed the leaky spigot and the mower started working again after I replaced a rectifier that set me back $2.78 (shout out to the free [with coupon], Harbor Freight multimeter!). I’ll get around to fixing all of that other stuff soon enough.
I’ve come to see broken crap as an opportunity to learn. I now know how to test an AC compressor (I’m NEVER calling that guy again). I can now tell you the basics of how to test various things with a multimeter (shout out to Sparkfun). I know how to test and replace a rectifier.
Never, ever stop learning.
*I still owe something like $120,000 on my mortgage. Because I have a low rate, I firmly believe in not paying it off. My compromise is to have enough money put away to pay off the mortgage at time of retirement. So, to retire today, I would need about $1,120,000.
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***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
Light bulbs: I’ve been swapping out all of my ancient incandescents and CFLs for sweet LEDs. They use a fraction of the electricity and last forever. I’ve never had one burn out. Whenever I find them on sale at Costco, I pick up a bunch.
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