Project 1000: December 2019 – 415 Days to Freedom

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. 

Flamingo FI

We have FINALLY cracked the 70% mark!! 🙂 We got very close a few times but never quite got there, so I’m really happy we’ve finally crossed this line. The journey to FI is all about the little victories, so this is a nice one to celebrate along the way.

Our Flamingo FI nest egg grew from 68.8% to 71.4%of its target size in November. Whoop whoop!

Shares: I received some employer shares. The share price is quite high at the moment so that helped us out a bit. In addition, we purchased a parcel of VEU. The plan is to buy an ETF parcel about once a month or so for the next year. Our existing shares in Super went up a little last month, so overall our portfolio did quite well.

Investment Property: No change.

Cash: No new funds were added last month. I am back at work now, so from next month onwards, we’ll be able to add regular cash savings to the nest egg.

Asset Allocation

This is what our current asset allocation looks like:

And here is our current split between assets inside and outside Super:

 

Thanks for reading! See you back here for next month’s update!

 

4 thoughts on “Project 1000: December 2019 – 415 Days to Freedom”

    • To be honest, I could not believe how much childcare costs in Australia, when a colleague first told me a few years ago I thought it was a joke!! It’s crazy.
      We found a nice center we like and the price is “reasonable” (still outrageously expensive) for Sydney standards. But it will still chew up a big chunk of my after-tax pay.
      I always ask myself how people in entry-level or minimum wage jobs do it. They are basically forced to leave the workforce in my opinion. I am lucky to have a job with a decent salary (not crazy high but ok), so the math still works for us. If we have another baby I would have to think about going back to work twice though.

      Reply
      • It is totally a shame. Makes Australia less productive I would say. I am sure some countries in Europe have free Childcare so it encourages families to have more thus increasing population and a less need to depend on migration (which I have nothing against). But it would be great to get some organic growth here in Australia too!
        I am glad the maths work for you. We will be having our second in about 12 months I imagine.
        The wife may move to full time study then instead of work. Wont make sense to return to work on a entry level income.

        Reply

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