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.
Last month, we were finally able to start looking at potential investment properties. We got our pre-approval and have been investigating properties with the help of our buyer’s agent for a few weeks now. We made offers on a couple of properties already but were unsuccessful so far. Buying an investment property certainly is an interesting process and a lot more intricate than buying shares. We are learning lots and are enjoying the process so far. As I mentioned last time, I will document this entire process from start to finish in a separate series of posts after we’ve purchased our IP.
We did not receive any employer shares in September. As always, we added our monthly cash savings amount to our savings account and Mr. Flamingo also received his monthly Super contribution.
Overall, we got 1.4% closer to our 1000-day goal in September.
Now let’s have a look at the individual buckets that make up our total goal:
Our Flamingo FI nest egg grew from 54.8% to 56.6% of its target size over the last month.
September was another solid month for our Flamingo FI nest egg. Our employer shares on the NASDAQ jumped up quite a bit again. The rest of our Flamingo FI nest egg consists of cash (for the IP deposit) and Super at the moment, so no exciting developments to report here.
This is what our current asset allocation looks like:
The cash component of our nest egg grew again last month (as it is supposed to). Hopefully, we will find the right investment property soon and can start investing the remaining cash!
Thanks for reading! See you back here for next month’s update!