Project 1000

This is where we used to share the progress of our journey to freedom every month. Read through the archives below to see how we built our portfolio, grew our nest egg, escaped the rat race and semi-retired in just 1000 days!

We reached our goal in late 2020. You can find our quarterly Semi-Retirement updates here: https://www.moneyflamingo.com/updates/

Project 1000: September 2020 – 135 Days to Freedom

We are getting so close! As you’ll see below we got so so close to hitting our Flamingo FI goal last month. But at the time of writing in early September, the market has just taken a dive (the NASDAQ in particular) and there might be more to come. I still have the feeling that … Read more

Project 1000: August 2020 – 177 Days to Freedom

Another month, another update. Time seems to fly at the moment. Only 177 days left until the end of Project 1000! Our numbers continue to look good. But as I mentioned in the last update I don’t really trust the market at the moment, it all seems a bit like the silence before the (economic) … Read more

Project 1000: July 2020 – 198 Days to Freedom

We are getting close! Only 198 days left until the end of Project 1000! At this stage our numbers look quite promising. If things don’t go terribly pear-shaped over the next few months we should be able to reach our goal by the start of next year. Of course we are in a recession (which … Read more

Project 1000: June 2020 – 240 Days to Freedom

Welcome to our June update! The markets have continued to recover over the last month. As you will see below our nest egg (fuelled by our saving efforts) has done very well in May. At the time of writing Australia has officially entered recession territory, so we are fully aware that our investments might take … Read more

Project 1000: May 2020 – 261 Days to Freedom

Things are starting to look up! The markets have recovered somewhat over the last month and Australia has done a stellar job at containing the virus. Of course we are probably headed for a recession and markets might drop again. But for now it seems like things are looking a lot more positive than just … Read more

Project 1000: April 2020 – 289 Days to Freedom

Sorry to keep everyone waiting for our April update! I’ve received quite a few messages over the last couple of weeks from readers asking about an update, some even suggesting we have gone quiet because our plan is not working out. This couldn’t be further from the truth! We are soldiering on and trying to … Read more

Project 1000: March 2020 – 331 Days to Freedom

Things have gotten interesting the last couple of weeks, haven’t they? The coronavirus is spreading across the globe and people are stockpiling toilet paper. When I turn on the news, the first thing I usually see are people in protective suits spraying disinfectant on empty streets. The media is certainly doing its bit to create … Read more

Project 1000: February 2020 – 359 Days to Freedom

January was another solid month for us. Our Flamingo FI nest egg grew from 74.7% to 78.3% of its target size! I can really see how our nest egg is picking up speed now that we have a decent amount of investments…