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.
We mostly take summers off. We travel, ride bikes, and walk a lot. Too much leisure with no work drives me a little nutty. So when school is back in session, I’m itching to start working on something again.
School is back in session and it’s time to start moving again. Mindy and I started working on our next project house this week.
Like most of our projects, things tend to get complicated quickly. We were only going to give this house a cosmetic facelift including a new kitchen, replacing flooring, and paint, but then I talked to a friend who said something like this:
This house has great views out back, but no windows.
This is what the back of the house looks like:
He’s right. If you were standing on the deck with your back to the house, you’d see this:
But, Frank Lloyd Wrong designed this house, so the only rooms that have this beautiful view are either bedrooms or a bathroom. Ppppft.
So, I pulled up Sketchup and popped part of the top:
The inside would have a loft area:
I don’t know if I’ll ever move forward with these plans. It’s a big job and while I’m pretty good at construction, I’d need an experienced carpenter to help me out. Good workers are hard to find. If this person is you though, send me a note. If you’re not local, I’ll put you up. Plus, I pay well.
I’ll have much more to say about this project soon…
July Performance: Dunno
Continuing the theme of 2022, July was another wild month for the old portfolio. During the previous three months, our net worth went from $4,729,622 down to $3,859,137 for a loss of $870,485. Yikes.
But in July, Mr. Market’s mood perked up and our net worth grew from $3,859,137 up to $4,341,547 for a gain of $482,410:
2022 (as of 8/1/2022)
- Days elapsed: 212
- Net worth gains (actually losses): –$651,095
Since the Start of The Experiment (1/1/2013)
- Days elapsed: 3499
- Net worth gains: $3,525,504
I’m neither optimistic nor pessimistic about what the rest of the year may bring. One year ago, not many would have predicted that there would be a war in Europe or crazy inflation. Ten years ago, no one would have predicted that Mr. Market was about to run with the bulls for almost a decade. So, it’s a silly exercise to predict where the world will be in the short term. The permabears who yell about a market downturn every other month are just looking for clicks. Don’t feed the bears.
Over the long term (more than 10 years), I think the world will continue to get better. Humans face a lot of issues, but we’ll figure them out. Some industries will die, but others will grow creating opportunity and growth. Humans, I believe in you. Let’s figure this shit out. Onward and upward!
More 1500 Days!!!
You can also find me (and the dinosaurs) at:
Mile High FI podcast:
- 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.
*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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