Welcome to the latest Project 1000 update! This is where we share the progress of our 1000-day journey to freedom once a month. New readers: If you have not read our plan yet, I recommend you do so now and then come back here.
We are back on track! After a few months of backward progress, the Flamingo is now heading in the right direction up the hill again!
All major purchase and renovation costs for our investment property are now covered and in early January our first tenants moved into the property. This means that the constant financial blood loss we’ve suffered since the purchase should now come to an end.
The value of our NASDAQ shares went up a little over the last month, as did our Super balances.
Overall, we got 0.5% closer to our 1000-day goal over the last month.
Now let’s have a look at the individual buckets that make up our total goal:
Our Flamingo FI nest egg grew from 54.6% to 55.2% of its target size in January. It’s nice to see that things are finally starting to look up again.
We added our normal monthly cash savings amount (most of which went straight to costs related to the IP) to the offset account – this is where all of our spare money sits now. Nothing else was added to the Flamingo FI nest egg in January, so no major changes to report.
This is what our current asset allocation looks like:
Thanks for reading! See you back here for next month’s update!